Exclusive: Tereos still searching for wider funding – sources

Exclusive: Tereos still searching for wider funding – sources
(Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that no offers finalized by April 15, to clarify sourcing throughout) FILE PHOTO: The Tereos logo is displayed at a sugar beet processing plant in Origny-Sainte-Benoite, France, March 20, 2019. REUTERS/Benoit Tessier/File Photo By Sybille de La Hamaide PARIS (Reuters) –... Read More

New North American trade deal modestly boosts U.S. economy, trade panel finds

New North American trade deal modestly boosts U.S. economy, trade panel finds
WASHINGTON (Reuters) – The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. FILE PHOTO: U.S. President Donald Trump, Canada’s Prime Minister Justin Trudeau and Mexico’s President Enrique Pena... Read More

Wall Street gains on positive earnings, upbeat data

Wall Street gains on positive earnings, upbeat data
NEW YORK (Reuters) – Industrials led Wall Street higher on Thursday in the wake of upbeat economic data and a string of healthy corporate earnings. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid All three major U.S. stock indexes nosed into positive territory in light trading... Read More

Exclusive: Banks shun Tereos attempt to secure wider funding – sources

Exclusive: Banks shun Tereos attempt to secure wider funding – sources
PARIS (Reuters) – An attempt by French sugar group Tereos to spread risk on a 250 million euro ($281 million) loan secured earlier this year has failed to attract bidders, leaving three main creditor banks with exposure, sources familiar with the matter said. FILE PHOTO: The Tereos logo is displayed at a sugar beet processing plant in Origny-Sainte-Benoite, France, March... Read More

Wall Street edges higher on industrial gains; healthcare drags again

Wall Street edges higher on industrial gains; healthcare drags again
(Reuters) – U.S. stocks eked out gains in volatile trading on Thursday, ahead of a long Easter weekend, as strong results from industrials countered another drop in healthcare stocks, with investors shrugging off release of the Mueller report. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid... Read More

U.S. pilot program allows online grocery shopping with food stamps

U.S. pilot program allows online grocery shopping with food stamps
WASHINGTON (Reuters) – The U.S. Department of Agriculture on Thursday said it has launched a pilot program in New York that allows consumers dependant on food stamps to use them to buy groceries online, a move that is likely to boost sales at retailers like Walmart Inc and Amazon.com Inc. FILE PHOTO: The logo of Amazon is seen on the... Read More

Stocks erase weekly gains on lackluster manufacturing data

Stocks erase weekly gains on lackluster manufacturing data
NEW YORK (Reuters) – A gauge of global stocks erased this week’s gains on Thursday after underwhelming manufacturing surveys from Asia and Europe and continued weakness in U.S. healthcare shares spurred profit-taking ahead of an extended Easter holiday weekend. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville... Read More

Wall Street flat as healthcare counters robust retail data, industrial boost

Wall Street flat as healthcare counters robust retail data, industrial boost
(Reuters) – U.S. stocks were flat in volatile trading on Thursday, ahead of a long Easter weekend, as another drop in healthcare stocks blunted gains from upbeat industrial earnings and robust retail sales data. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid U.S. retail sales... Read More

Abraaj founder’s extradition case adjourned, another former executive arrested: court official

Abraaj founder’s extradition case adjourned, another former executive arrested: court official
LONDON (Reuters) – A case in a London court to extradite Arif Naqvi, the founder of collapsed private equity firm Abraaj, to the United States on fraud charges, was adjourned until April 26, a court official said on Thursday. FILE PHOTO: Arif Naqvi, Founder and Group Chief Executive of Abraaj Group attends the annual meeting of the World Economic Forum... Read More