Business

Walmart could buy controlling stake in Flipkart as early as next week: sources

MUMBAI (Reuters) - Walmart Inc could seal a deal to buy a more than 51 percent stake in Indian online marketplace Flipkart as early as next week, two sources familiar with the matter said on Friday.

Top News

Exclusive: Lockheed Martin to propose stealthy hybrid of F-22 and F-35 for Japan - sources

TOKYO (Reuters) - U.S. defense contractor Lockheed Martin Corp plans to offer Japan a stealth fighter design based on its export-banned F-22 Raptor and advanced F-35 Lightning II aircraft, two sources said.

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Exclusive: Allergan in talks to acquire Shire, competing against Takeda - sources

(Reuters) - Botox maker Allergan Plc is in talks to acquire Shire Plc, competing against Japan's Takeda Pharmaceutical Co Ltd for the London-listed drugmaker, two sources familiar with the matter said on Thursday.

Business

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

Business

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.

World

Despite strikes, Syria's Assad can still wage chemical attacks: U.S. sources

WASHINGTON (Reuters) - U.S. assessments following the U.S., British and French missile strikes on Syria show they had only a limited impact on President Bashar al-Assad's ability to carry out chemical weapons attacks, four U.S. officials told Reuters.

World

Exclusive: Pakistan TV channel returning to air after negotiations with military - sources

ISLAMABAD/KARACHI (Reuters) - Pakistan's largest TV station has been allowed back on the air at some major cable operators after talks with the military on demands it make changes in political coverage, two officials who work for the channel's media group

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Exclusive: OPEC's new price hawk Saudi Arabia seeks oil as high as $100 - sources

DUBAI/LONDON (Reuters) - Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement's original targe

World

Nephew of Colombia ex-rebel to collaborate with U.S. in drug case: sources

BOGOTA (Reuters) - The nephew of a former commander from Colombia's FARC rebels has traveled to the United States to testify to U.S. authorities about a plot to sell 10 tonnes of cocaine to Mexico's Sinaloa cartel, Colombian law enforcement sources said o

Science

Exclusive: Study for EU questions jumbo France-Spain gas pipe plan - sources

PARIS (Reuters) - A report prepared for the European Commission has questioned the economic viability of plans to build a gas pipeline connecting Spain and France, designed in part to help reduce Europe's reliance on Russian piped gas, five sources told R

Technology

Cambridge Analytica planned to issue digital currency: sources

NEW YORK (Reuters) - Cambridge Analytica was planning to raise money by issuing a new type of digital currency before it became embroiled in a scandal surrounding the misuse of Facebook Inc personal data, sources familiar with the matter told Reuters on

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Exclusive: China seeks trade firewall with U.S. allies in rush of ambassador meetings - sources

BEIJING/BRUSSELS (Reuters) - China's international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources f

Business

Exclusive: Amazon in talks with airline Azul for shipping in Brazil - sources

SAO PAULO (Reuters) - Amazon.com Inc is in talks with Brazilian airline Azul SA on shipping goods in the country, two sources with knowledge of the matter told Reuters, in the latest sign of the retailer's big plans in Latin America's largest economy.

World

Three Turkish soldiers killed in Kurdish militant attack: security sources

DIYARBAKIR, Turkey (Reuters) - Kurdish militants attacked Turkish security forces in southeast Turkey early on Monday, killing three soldiers and wounding one, security sources said.

Technology

Qualcomm to refile China antitrust application for $44 billion NXP takeover: sources

BEIJING (Reuters) - U.S. chipmaker Qualcomm will refile as early as Monday an application with the Chinese government to clear its $44 billion takeover of NXP Semiconductors , sources said, giving regulators more time to decide on the deal and averting a

World

Boat with 70 Rohingya Muslims leaves Myanmar for Malaysia: sources

KUALA LUMPUR (Reuters) - A boat carrying 70 Rohingya Muslims set out for Malaysia from Myanmar this week, two sources and a rights group said, the latest to embark on a dangerous sea journey.

Business

Volkswagen rushed revamp triggers labor concern: sources

BERLIN/MUNICH (Reuters) - Labor representatives at Volkswagen are concerned by a sudden rush by the German carmaker's board to approve sweeping changes on Thursday, sources said, while Handelsblatt reported that its finance chief could step down.

World

Exclusive: Pakistan could face U.S. aid cuts over human trafficking - sources

ISLAMABAD/WASHINGTON (Reuters) - The Trump administration is warning Pakistan it could lose U.S. civilian aid worth tens of millions of dollars this year if Washington finds that the South Asian nation has not done enough to combat human trafficking, U.S.

Technology

Exclusive: Walmart close to buying majority of India's Flipkart, deal likely by end-June - sources

HONG KONG/MUMBAI (Reuters) - Walmart Inc is likely to reach a deal to buy a majority stake in Indian e-commerce player Flipkart by the end of June in what could be the U.S. retail giant's biggest acquisition of an online business, two people with direct

Top News

Ford to ramp up Lincoln rollout in China in bid to catch rivals: sources

DETROIT/BEIJING (Reuters) - Ford Motor Co's premium Lincoln brand plans to build as many as five new vehicles in China by 2022, according to two U.S. sources, in a move to expand sales in the world's largest vehicle market that would also blunt the impa

Politics

Trump to put biofuel reform push on ice, for now: sources

NEW YORK (Reuters) - The Trump administration will delay any moves to reform the nation's biofuel policy for about three months, according to three sources briefed on the matter - a decision one of the sources said was meant to shield farmers worried abou

Business

Exclusive: Sinopec USA turns copper buyer to supply China operations - sources

SANTIAGO (Reuters) - The U.S. unit of China's oil major Sinopec Corp is procuring copper to send to its equipment suppliers in China, two sources familiar with the matter told Reuters, a rare move by a Chinese oil company.

Top News

Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses - sources

WASHINGTON (Reuters) - The top U.S. watchdog for consumer finance is seeking a record fine against Wells Fargo & Co that could exceed several hundred million dollars for auto insurance and mortgage lending abuses, according to three sources with knowledge

Business

Saudi Aramco studying chemical plant addition at Port Arthur refinery: sources

HOUSTON (Reuters) - Saudi Aramco is studying a multi-billion dollar plan to build a petrochemical plant at the Port Arthur, Texas, refinery operated by its subsidiary Motiva Enterprises LLC [MOTIV.UL], sources familiar with the company's plans said on Sa

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