Monday, 30 April 2018

Daily Investor Update: Exclusive: U.S. EPA grants biofuels waiver to billionaire Icahn's oil refinery - sources

Exclusive: U.S. EPA grants biofuels waiver to billionaire Icahn's oil refinery - sources

NEW YORK (Reuters) - The U.S. Environmental Protection Agency has granted a financial hardship waiver to an oil refinery owned by billionaire Carl Icahn, a former adviser to President Donald Trump, exempting the Oklahoma facility from requirements under a federal biofuels law, according to two industry sources briefed on the matter.

T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

(Reuters) - T-Mobile US Inc and Sprint Corp said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network.

Proxy advisor Glass Lewis urges vote against Deutsche Bank board actions at AGM

FRANKFURT (Reuters) - Proxy adviser Glass Lewis has recommended that shareholders in Deutsche Bank vote against ratifying the actions of the management and supervisory boards at the lender's 2018 annual general meeting next month.

CFTC fines Glencore Agriculture, Glencore Ltd $2 million for trading violations

(Reuters) - The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it has levied a fine of $2 million (1.45 million pounds) against Glencore Agriculture B.V. and Glencore Ltd. for multiple violations under the Commodity Exchange Act and CFTC regulations between January 2013 and November 2015.

Wall Street slides as healthcare drags, oil prices weigh

NEW YORK (Reuters) - Wall Street dipped on Monday afternoon, reversing gains from earlier in the session, as healthcare stocks slid and investors worried about rising costs for companies as oil prices rose.

Canada stock market back in business after rare shutdown

TORONTO (Reuters) - Canada's stock exchange, the world's sixth largest, was back in business on Monday after a hardware glitch abruptly ended trading on Friday and the exchange operator TMX Group said it was working to ensure there will be no repeat of the embarrassing market disruption.

Regulatory uncertainty overshadows T-Mobile's acquisition of Sprint

(Reuters) - Winning U.S. regulatory approval for a $26 billion tie-up of Sprint Corp and rival T-Mobile US Inc is the biggest hurdle to completing the deal, investors and analysts said on Monday.

Marathon to become top U.S. refiner with $23 billion Andeavor buy

(Reuters) - Marathon Petroleum Corp agreed to buy rival Andeavor for more than $23 billion in the largest-ever tie-up between U.S. oil refiners, giving the combined company a nationwide presence and increased access to growing export markets.

U.S. treasury chief: 'Cautiously optimistic' on China trade talks

WASHINGTON (Reuters) - U.S. and Chinese officials will hold highly anticipated trade talks in China on Thursday and Friday, U.S. Treasury Secretary Steven Mnuchin told Fox Business Network, saying he was "cautiously optimistic" about the meeting.

U.S. allies, metals producers await Trump's decision on tariff exemption

WASHINGTON (Reuters) - A deadline for exemptions to U.S. steel and aluminum tariffs to expire loomed on Monday but U.S. allies and metals producers were still in the dark whether any countries would get extended relief, with Treasury Secretary Steven Mnuchin saying President Donald Trump had not yet made a decision.

Related Videos

3% yield isn't eventful, says Rich Guerrini

Deutsche Telekom bullish on Sprint - T-Mobile deal

Looking for more?

Visit our business section for more deals, markets, legal and finance news.

Read more