Reuters Business Today: April 5, 2017

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Wednesday, April 5, 2017

No big bets ahead of Trump-Xi meeting; oil, metal prices firm

LONDON (Reuters) - Caution prevailed across major markets on Wednesday before a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping this week, although metals and oil prices firmed on hope of better global demand.

EU clears ChemChina takeover of Syngenta with conditions

BRUSSELS (Reuters) - ChemChina [CNNCC.UL] won EU antitrust approval on Wednesday for its $43 billion bid for Swiss pesticides and seeds group Syngenta , a crucial deal that could help China boost its domestic agricultural output.

Monsanto posts better-than-expected jump in second-quarter profit

(Reuters) - U.S. seeds and agrochemicals company Monsanto Co , which is being bought by Germany's Bayer AG for $66 billion, reported a better-than-expected quarterly profit on Wednesday, helped by strong demand for its soybean and corn seeds.

Wells Fargo's aggressive sales tactics hit small firms: WSJ

(Reuters) - Wells Fargo & Co has restructured its credit card processing business after an internal probe found some employees had falsely reported customer sales numbers, the Wall Street Journal reported on Wednesday.

U.S. private sector adds 263,000 jobs in March: ADP

(Reuters) - U.S. private employers added 263,000 jobs in March, more than the number they hired in February and well above economists' expectations, a report by a payrolls processor showed on Wednesday.

Toshiba's Westinghouse fired chairman two days before bankruptcy filing

TOKYO (Reuters) - Westinghouse Electric Co LLC fired its chairman two days before the U.S. nuclear engineering unit of Toshiba Corp filed for bankruptcy last week, as the Japanese firm tries to draw a line under the travails of a business that has cost it billions.

U.S. regulator fines Credit Suisse unit, adviser over improper investments

(Reuters) - Credit Suisse Securities (USA), a unit of Credit Suisse AG , and a former investment adviser have agreed to pay about $8 million in fines to settle charges relating to improper investments, the U.S. Securities and Exchange Commission said.

Fed's Lacker leaves central bank over leak of market-sensitive news

WASHINGTON (Reuters) - Richmond Federal Reserve President Jeffrey Lacker abruptly left the U.S. central bank on Tuesday after admitting that a conversation he had with a Wall Street analyst in 2012 may have disclosed confidential information about Fed policy options.

JAB Holding to buy bakery chain Panera Bread in $7.5 billion deal

(Reuters) - JAB Holdings, the owner of Caribou Coffee and Peet's Coffee & Tea, said on Wednesday it would buy U.S. bakery chain Panera Bread Co in a deal valued at about $7.5 billion, including debt, as it expands its coffee and breakfast empire.

LNG producers turn to trading, risk taking to maintain market share

CHIBA, Japan (Reuters) - Producers of liquefied natural gas (LNG) have shot themselves in the foot with oversupply, and face calls for flexibility and greater competition from other fuels that may force them to take more risks and start trading just like other commodity dealers.

Reuters Business Today: April 5, 2017

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