Reuters - Business Today

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Monday, August 21, 2017

Metals shine as stocks struggle near 5-1/2-week low

LONDON (Reuters) - World stocks struggled at a 5-1/2-week low on Monday, though metals dazzled with zinc at its highest in a decade, copper hitting a nearly three-year high and iron ore's gains in the last three sessions stretching to nearly 15 percent.

Sempra Energy to buy Oncor for $9.45 billion in blow for Berkshire

(Reuters) - Sempra Energy said it will buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett's Berkshire Hathaway Inc.

China's Great Wall confirms interest in Fiat Chrysler

SHANGHAI/BEIJING (Reuters) - China's Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said on Monday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck brands.

Futures flat; White House turmoil, North Korea in focus

(Reuters) - U.S. stock index futures were flat on Monday, with investors keeping an eye on the White House as well as the tension between the United States and North Korea – themes that have affected the market the most in the past two weeks.

Taiwan's Foxconn to build three ancillary facilities as part of Wisconsin LCD campus

TAIPEI (Reuters) - Taiwanese electronics manufacturer Foxconn on Monday said it plans to build three facilities in the U.S. state of Wisconsin for operation as early as next year, as part of a campus housing a $10 billion liquid crystal display (LCD) factory due for 2020.

VW in no hurry to sell assets, investments more important

WOLFSBURG, Germany (Reuters) - Volkswagen is more focused on its multi-billion-euro shift towards electric vehicles and transport services than any potential sale of motorcycle brand Ducati or transmissions maker Renk, its head of strategy told Reuters.

Special Report: Refiner Valero's secret campaign against U.S. biofuels mandates

(Reuters) - U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents.

Total boosts North Sea business with $7.5 billion Maersk Oil deal

PARIS/COPENHAGEN (Reuters) - Total is buying Maersk's oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow.

Uber raises Hong Kong fares amid legal tangles

HONG KONG (Reuters) - Uber Technologies Inc said it raised its Hong Kong minimum fares on Monday by as much as 80 percent following a review.

Exclusive: Hyundai Motor Group faces government calls to address 'big governance risk'

SEOUL (Reuters) - South Korea's new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power to its controlling family at the expense of shareholders.