Bhinneka News Online: Breaking business news: U.S. pork demand strong, but trade disputes could hit exports

Thursday, 1 February 2018

Breaking business news: U.S. pork demand strong, but trade disputes could hit exports

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Thursday, February 1, 2018

U.S. pork demand strong, but trade disputes could hit exports

CHICAGO (Reuters) - American consumers are snapping up plentiful low-cost pork, but U.S. farmers are worried that trade spats with key export markets in China, Mexico and Canada could hurt a lucrative part of their pork business.

Facebook forecasts rising ad sales despite dip in usage

(Reuters) - Facebook Inc offered reassurances to investors on Wednesday that its digital ad business would remain highly profitable, despite a dip in usage on the social media network and an overhaul of its flagship News Feed.

Equities battle rising global bond yields to snap end-Jan losing streak

LONDON (Reuters) - World stocks rose on Thursday after three days of losses and European shares opened higher, although U.S. and German bond yields near multi-year highs checked the gains and kept stocks from regaining recent record highs.

Shell poised to dethrone Exxon in oil titans' cash clash

LONDON (Reuters) - Royal Dutch Shell could usurp its largest rival Exxon Mobil as the energy sector's biggest cash generator after higher oil and gas prices combined with an improved performance lifted its 2017 revenue.

Insurers gingerly test bitcoin business with heist policies

NEW YORK(Reuters) - Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing business.

Saudi Arabia steps up efforts to end $22-billion debt dispute: sources

DUBAI (Reuters) - Saudi Arabia has accelerated steps to resolve a $22-billion debt dispute that is seen by investors as a litmus test of Crown Prince Mohammed bin Salman's commitment to reforms, three sources familiar with the matter say.

DowDuPont upbeat on growth as sales rise 14 percent

(Reuters) - U.S. chemicals producer DowDuPont reported a 14 percent rise in net sales for the fourth quarter as a strong global economy led to robust demand and higher prices for its products.

After London launch, Ford to start Chariot minibus service in sixth U.S. city

LONDON (Reuters) - Ford will launch its Chariot minibus services in a sixth U.S. city "very shortly", further expanding the service designed to appeal to those moving away from traditional car ownership after it began in London this week, an executive told Reuters.

Google's G Suite is no Microsoft killer, but still winning converts

SAN FRANCISCO (Reuters) - Alphabet Inc's Google has struggled for years to get big businesses to embrace G Suite, its hip alternative to Microsoft Office.

Daimler says production lost from strikes hard to compensate

FRANKFURT (Reuters) - Daimler Chief Executive Dieter Zetsche on Thursday said it would be hard to make up for production shortfalls caused by strikes staged by German factory workers.