newszine

Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources

1 hour ago DieselGasoil Comments Off on Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources
MILAN (Reuters) – French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday. FILE PHOTO: Gucci logo is seen in a store at Fiumicino airport Read More

Credit Suisse lifts profit with surprise equity trading gains

22 hours ago DieselGasoil Comments Off on Credit Suisse lifts profit with surprise equity trading gains
ZURICH (Reuters) – Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue. FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Read More

Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers

1 day ago DieselGasoil Comments Off on Lawsuit says Tyson, Cargill, JBS conspired to suppress beef prices paid to U.S. ranchers
(Reuters) – Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. FILE PHOTO: A Cargill logo is pictured on the Provimi Kliba and Protector animal Read More

Is this man the puppet master of Ukraine’s new president or an overhyped bogeyman?

2 days ago DieselGasoil Comments Off on Is this man the puppet master of Ukraine’s new president or an overhyped bogeyman?
It doesn’t actually matter if Ukrainian-Israeli billionaire Igor Kolomoisky is the real power behind Volodymyr Zelensky – the president elect has to get rid of the oligarch if he is to make a break with the country’s corrupt past. The plots, deceits and conflicts of interest in Ukrainian politics are so transparent and hyperbolic, that Read More

‘All countries welcome to join, but don’t obstruct’ – China’s top diplomat on Belt and Road project

5 days ago DieselGasoil Comments Off on ‘All countries welcome to join, but don’t obstruct’ – China’s top diplomat on Belt and Road project
Beijing has rejected “debt trap” criticisms of its massive Belt and Road Initiative (BRI), calling for skeptics not to impede other countries from participating in the global trade infrastructure project. While 126 countries and 29 international organizations have signed cooperation agreements with China on the initiative, it is open to other players, Chinese Foreign Minister Read More

U.S. wins WTO ruling against China grain import quotas

7 days ago DieselGasoil Comments Off on U.S. wins WTO ruling against China grain import quotas
FILE PHOTO: A World Trade Organization (WTO) logo is pictured on their headquarters in Geneva, Switzerland, June 3, 2016. REUTERS/Denis Balibouse GENEVA (Reuters) – The United States won a World Trade Organization (WTO) ruling on Thursday against China’s use of tariff-rate quotas for imported rice, wheat and corn, which it successfully argued limited market access Read More

Honeywell beats profit estimates, raises full-year forecast

7 days ago DieselGasoil Comments Off on Honeywell beats profit estimates, raises full-year forecast
FILE PHOTO: A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse (Reuters) – Honeywell International Inc on Thursday reported a better-than-expected quarterly profit and raised its full-year financial forecast as a boom in air travel drove demand for Read More

All roads lead to China: 17 Arab countries join Beijing’s new Silk Road

7 days ago DieselGasoil Comments Off on All roads lead to China: 17 Arab countries join Beijing’s new Silk Road
Beijing has inked cooperation deals on its multi-trillion-dollar Belt and Road Initiative (BRI) with 17 Arab countries, state-run Xinhua News Agency reported, citing the results of a joint Sino-Arab forum. The second China-Arab Forum on Reform and Development, which was held in Shanghai on Tuesday, attracted more than a hundred businessmen, politicians, and academics from Read More

Nestle upbeat after U.S. and China boost first-quarter growth

1 week ago DieselGasoil Comments Off on Nestle upbeat after U.S. and China boost first-quarter growth
ZURICH (Reuters) – Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year. FILE PHOTO: A Nestle logo is pictured on a coffee factory in Orbe, Read More