SEOUL/BEIJING (Reuters) -South Korea's LG Chem Ltd said on Wednesday it would sell its polariser businesses to Chinese firms for about 1.1 trillion won ($815.6 million) to help improve its competitiveness. The South Korean petrochemicals maker plans to sell its…
By Chris Taylor NEW YORK (Reuters) - When Marc Matsil retired to Connecticut's bucolic northwest hills two years ago, fly fishing and hiking filled his days. Today, he fills classrooms instead with his knowledge of climate science, chemistry and biology,…
By Valentina Za and Emilio Parodi MILAN (Reuters) - Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer Eurovita and is open to supporting other measures to avoid a…
(Reuters) - Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi Arabia's Jeddah city, under a deal designed to further the Middle Eastern country's electrification push. Lucid announced plans for the Jeddah…
By Mike Scarcella (Reuters) - The U.S. Federal Trade Commission's lawsuit accusing Amazon.com of abusing its retail market power to stifle competition faces hurdles in court, testing the scope of U.S. antitrust law and posing roadblocks for the agency, legal…
By David Shepardson WASHINGTON (Reuters) -Federal Trade Commission Chair Lina Khan's years-long push to challenge the power of Amazon.com reached a turning point on Tuesday when her agency filed a sweeping antitrust lawsuit against the online retailer. In 2017, Khan…
By Laura Matthews NEW YORK (Reuters) - A U.S. regulatory change to stock market transactions has financial infrastructure system CLS exploring delaying settlement instructions for foreign exchange trades, a move requested by foreign asset managers who use currency trades to…
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer confidence dropped to a four-month low in September, weighed down by persistent worries about higher prices and rising fears of a recession, though households remained generally upbeat about the labor market. The…
(Reuters) - Organized crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF), a trade group representing U.S. retailers. Big-box retailers…
By Chibuike Oguh NEW YORK (Reuters) - Shares of electric-vehicle startup Fisker Inc rose by more than 20% on Tuesday after the company reaffirmed its plan to increase deliveries of its flagship Ocean sports utility vehicle, and a bullish Wall…
