Bhinneka News Online: Reuters Business Today: March 20, 2017

Monday, 20 March 2017

Reuters Business Today: March 20, 2017

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Monday, March 20, 2017

Wall Street set to open flat as investors assess G20 shift

(Reuters) - U.S. stocks looked set to open little changed on Monday as investors digested the G20's decision to drop a pledge to keep global trade free and open.

Uber president Jeff Jones quits, deepening turmoil

SAN FRANCISCO (Reuters) - Ride services company Uber Technologies Inc has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image.

China prepares to counter any U.S. trade penalties: sources

BEIJING (Reuters) - China's government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S. President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations.

French watchdog clears GM's Opel of cheating on diesel emissions

PARIS (Reuters) - France's consumer fraud watchdog said on Monday it had closed its investigation into diesel emissions by Opel cars and would take no further action against the General Motors brand.

Albertsons held preliminary merger talks with Sprouts: Bloomberg

NEW YORK (Reuters) - Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc , Bloomberg reported on Sunday, citing people familiar with the situation.

G20 ministers give Mnuchin space to define Trump trade agenda

BADEN BADEN, Germany (Reuters) - Wary of their first official encounter with U.S. President Donald Trump's blustery trade agenda, the world's top finance officials were relieved to find new Treasury Secretary Steven Mnuchin polite and business-like over the weekend.

VW trucks division targets significant profitability gain in 2017

MUNICH (Reuters) - Volkswagen's truck division is targeting a significant increase in profitability this year as it benefits from rising demand in Europe and China and a slight rebound in the key Brazilian market, its finance chief said.

UBS faces French trial over long-running tax case

ZURICH (Reuters) - UBS and its French subsidiary face a trial in France after authorities laid out charges against the Swiss bank, marking an escalation of a long-running probe into allegations they helped wealthy clients avoid taxes.

Saudi king's Asia tour trumpets Aramco's moves downstream

SINGAPORE (Reuters) - Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 tonnes of luggage, had a hardnosed marketing mission - to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.

Elderly founder of South Korea's Lotte Group denies charges in dramatic start to graft trial

SEOUL (Reuters) - The 94-year-old founder of Lotte Group, South Korea's fifth-largest conglomerate, threw his cane to the floor of a court on Monday and demanded to know where he was on the first day of a trial of him and family members.