Goldman says jitters about U.S. yield inversion 'overblown'

NEW YORK (Reuters) - Goldman Sachs analysts said on Thursday concerns about a U.S. yield curve inversion among traders as an omen of a looming recession are "overblown," though an inversion is often...


Ethical cocoa schemes no panacea for struggling farmers

LONDON (Reuters) - Global chocolate makers are buying more cocoa sourced through schemes aimed at stamping out poverty as they rush to make their supply chains more ethical ahead of self-imposed 2020 deadlines.


Wall St. eyes lower opening as chip stocks, Apple drop

(Reuters) - Wall Street was on track to open lower on Thursday dragged by declines in chip stocks following a weak forecast from Taiwan Semiconductor, the world's largest contract chipmaker.


Lyft to offset emissions from rides with projects combating climate change

SAN FRANCISCO (Reuters) - Lyft Inc is launching a program on Thursday to offset emissions from the 1.4 million cars that drive for the U.S. ride-hailing service by investing in projects to reduce other sources of greenhouse gas, the company said.

Sport secures U.S. Open tennis rights in UK and Ireland

LONDON (Reuters) - confirmed on Thursday it has secured UK and Ireland rights to broadcast the US Open Tennis Championship, adding its first Grand Slam to a sports offer that already includes action from the ATP World Tour.


Motor racing: F1 steps into fantasy world with equity stake

LONDON (Reuters) - Formula One is targeting the lucrative U.S. fantasy sports market with the launch on Thursday of daily pay-to-play and traditional free F1 games in partnership with Dublin-based PlayON.


Takeda in talks with Shire after $61 billion bid rejected

LONDON/NEW YORK (Reuters) - Japan's Takeda Pharmaceutical is in negotiations with Shire after making a third takeover bid worth around $61 billion that was rejected by the London-listed rare diseases drugmaker.


P&G earnings beat as struggling retailers, costs eat into margins

(Reuters) - The world's largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins.

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Nestle, Unilever forego price increases to move product

ZURICH/LONDON (Reuters) - First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment.


Venture capital firm Fort Ross aims to bring more U.S. startups to Russia

SAN FRANCISCO (Reuters) - A venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia's biggest corporations an


Exclusive: China looks to speed up chip plans as U.S. trade tensions boil - sources

BEIJING (Reuters) - China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country's reliance on im


France's CGT urges broader anti-Macron protests, other unions keep their distance

PARIS (Reuters) - France's far-left CGT labor union sought to broaden resistance to hard-hitting economic reforms on Thursday, urging employees across the public sector to join striking railway workers in their showdown with President Emmanuel Macron.


Myanmar minister says conditions in Rohingya refugee camps 'very poor'

YANGON (Reuters) - A Myanmar minister expressed concerns on Thursday about "very poor conditions" in Rohingya refugee camps in neighboring Bangladesh, and said repatriation of the Muslim minority should start as soon as possible due to the coming monsoon


Qualcomm concessions insufficient to clinch NXP deal: commerce ministry

BEIJING (Reuters) - U.S. chipmaker Qualcomm will have to do more to complete its proposed takeover of NXP Semiconductors , a commerce ministry spokesman said on Thursday.


Sky reports strong quarter before bid battle steps up

LONDON (Reuters) - Sky , the pay-TV group at the center of a takeover battle between Fox, Disney and Comcast, reported a strong third quarter on Thursday, underlining its appeal to rival U.S. entertainment groups who want to expand in Europe.

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North seeks 'complete denuclearization', says Moon, as U.S. vows continued pressure

SEOUL/GENEVA (Reuters) - North Korea has expressed its commitment to "complete denuclearization" of the Korean peninsula and is not seeking conditions, South Korean President Moon Jae-in said on Thursday, as the United States vowed to maintain "maximum pr


Alibaba to invest $320 million in Thailand, as rivals boost presence

BANGKOK (Reuters) - Alibaba is investing $320 million in Thailand as the e-commerce giant aims to tap Chinese consumers' appetite for the Southeast nation's agricultural goods and for its tourism market amid growing competition from rivals.

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FAA to order inspections of jet engines after Southwest blast

(Reuters) - The U.S. Federal Aviation Administration said it will order inspection of about 220 aircraft engines as investigators have found that a broken fan blade touched off an engine explosion this week on a Southwest flight, killing a passenger.


Chelsea's Alonso handed three-match ban, out of FA Cup semi-final

(Reuters) - Chelsea defender Marcos Alonso will miss Sunday's FA Cup semi-final against Southampton after being handed a three-match suspension for violent conduct, the Football Association (FA) said on Thursday.


Morgan Stanley seeks new court in Italian derivatives case

ROME (Reuters) - Morgan Stanley on Thursday asked to have a lawsuit against it for 2.7 billion euros ($3.34 billion) in damages thrown out of an Italian administrative court, an Italian judge said.

United States

Judge to rule on bid to dismiss criminal case against Missouri governor

ST. LOUIS (Reuters) - A St. Louis judge is expected to rule on Thursday on a request by Missouri Governor Eric Greitens' lawyers to dismiss a criminal invasion of privacy case brought against the politician in connection with an admitted extramarital affa


Opel CEO says German costs twice those of other plants: source

HAMBURG (Reuters) - Some of Opel's German plants cost twice as much to run as new French owner PSA Group's other factories, Opel's chief executive told employees as the company tries to hammer out an effiency deal with labor leaders in return for investm


U.S. hopes for success in talks with Europeans on Iran nuclear deal

GENEVA (Reuters) - The United State is hopeful of reaching agreement with Britain, France and Germany to address U.S. concerns about the Iran nuclear deal, U.S. disarmament ambassador Robert Wood told a news conference in Geneva on Thursday.


South Korea's Moon says North seeking 'complete denuclearization'

SEOUL (Reuters) - North Korea has expressed its desire for "complete denuclearization" of the Korean peninsula and is not seeking conditions such as U.S. troops withdrawing from the South first, South Korean President Moon Jae-in said on Thursday.


EU says may impose more sanctions on Venezuela if democracy undermined

BRUSSELS (Reuters) - The European Union said on Thursday it could impose further sanctions on Venezuela if it believes democracy is being undermined there, after its president called for elections next month that the main opposition has said it will boyco


Vivendi's chairman brushes off criticism over investment in Telecom Italia

PARIS (Reuters) - Vivendi's chairman and top investor Vincent Bollore brushed off criticism over the media group's investments in Telecom Italia (TIM) on Thursday.


Top Russian, NATO generals to discuss Syria, Europe in Baku: TASS

MOSCOW (Reuters) - Valery Gerasimov, the head of Russia's military general staff, and NATO Supreme Allied Commander Curtis Scaparrotti will meet on Thursday in Azerbaijan to discuss Syria, the TASS news agency reported, citing the Russian defense ministry

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