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SAO PAULO, Jan 22 (Reuters) – General Motors Co’s Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after it said in a memo to workers that it was losing money in Brazil. The […]

(Adds background) Jan 22 (Reuters) – Canada’s biggest oil-producing province, Alberta, said on Tuesday that it would provide a C$440 million ($330 million) loan guarantee for a planned C$2 billion ($1.5 billion) oil partial upgrading facility, aiming to push more crude through its full pipelines. Alberta Premier Rachel Notley said her government had signed a […]

MADRID, Jan 22 (Reuters) – Spain’s Telefonica is negotiating the sale of its relatively small Central American operation in a move that should allow the company to focus on core regions and reduce its large debt, it said on Tuesday. A potential deal, on which no agreement has been reached so far, could encompass all […]

* IMF cuts global growth forecasts for the second time in 3 mths * All 11 major S&P sectors in the red * J&J, Halliburton fall on weak outlook * Drop in oil prices hit energy stocks * Indexes drop: Dow 1.46 pct, S&P 1.53 pct, Nasdaq 1.87 pct (For a live blog on the […]

Jan 22 (Reuters) – Canada’s biggest oil-producing province of Alberta said on Tuesday that it would provide a C$440 million ($330 million) loan guarantee for a planned C$2 billion ($1.5 billion) oil partial upgrading facility, aiming to push more crude through its full pipelines. Alberta Premier Rachel Notley said her government had signed a letter […]

(Reuters) – Global grains trader Bunge Ltd appointed one of a slew of new board members as its acting Chief Executive Officer on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding partner of private investment firm Flatwater […]

* China aluminium smelters losing $145/T -Commerzbank * China zinc production ‘very weak’ -Deutsche Bank * Stocks slump on IMF growth forecasts, China data (Adds closing prices, detail) By Maytaal Angel LONDON, Jan 22 (Reuters) – Aluminium prices hit their highest in nearly a month on Tuesday as investors brushed off weaker economic growth in […]

BRUSSELS, Jan 22 (Reuters) – The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — Australian engineering services provider Worleyparsons to acquire U.S. peer Jacobs Engineering Group Inc’s energy, chemicals and resources business (approved Jan. 21) — Private equity firm Blackstone to […]

(Adds share price, background) Jan 22 (Reuters) – Global grains trader Bunge Ltd appointed one of a slew of new board members as its acting Chief Executive Officer on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding […]

(Reuters) – EQT Corp laid out on Tuesday its production guidance for 2019 and a plan for increased focus on generating cash flow, as it faces a potential activist campaign from shareholders that includes founders of the company it merged with 15 months ago. Pittsburgh-based EQT became one of the largest gas-focused producers in the […]

(New throughout, adds details on Gmelich’s career, business performance) By Elizabeth Dilts NEW YORK, Jan 22 (Reuters) – Justin Gmelich, a longtime executive in Goldman Sachs Group Inc’s bond trading business, plans to retire from the Wall Street bank in March, according to a memo sent by management on Tuesday. Gmelich has been chief operating […]

Jan 22 (Reuters) – Alphabet Inc’s Waymo unit said on Tuesday in a blog post here that it received an $8 million grant from the Michigan Economic Development Corporation that would be used to expand its operations in Michigan and boost the production of self-driving systems for vehicles. Waymo has so far received investments of […]

(Reuters) – Insurer Travelers Cos Inc (TRV.N) reported better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires U.S. property and casualty insurers have been grappling with losses arising from the California wildfires and Hurricane Michael in October, the fiercest storm to hit Florida in […]

HAMBURG, Jan 22 (Reuters) – U.S. agribusiness group Archer Daniels Midland Co. said on Tuesday that full output resumed on Sunday at its Mainz plant, one of Germany’s leading soybean crushing mills. Production at Mainz had been interrupted last week due to mechanical problems, the company said on Jan. 17. The company has not disclosed […]

Jan 22 (Reuters) – U.K.-based online wealth manager Nutmeg said here on Tuesday it raised $58.2 million in funding from Goldman Sachs Group Inc, proceeds of which will be used mainly for international expansion. The latest funding round values Nutmeg Saving and Investment Ltd at 245 million pounds ($317.1 million), the company said. Goldman’s investment […]

SAO PAULO, Jan 22 (Reuters) – Airline Avianca Brasil, which filed for bankruptcy protection in December, is looking for a cash injection and has hired Brazilian consulting firm Galeazzi & Associados to help it find a partner or a buyer, three sources with knowledge of the matter said. Galeazzi’s executives are already visiting the carrier’s […]

WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday refused to revive Swiss drug company Helsinn Healthcare S.A.’s patent on the lucrative anti-nausea drug Aloxi in a victory for Teva Pharmaceutical Industries, which launched a generic version of it last year. The nine justices unanimously upheld a lower court ruling that had canceled Helsinn’s patent […]