Business  March 28, 2017
Lafarge loses Paris 'beach' deal over support for Trump wall
Paris uses over 3,000 tonnes of sand to convert a long stretch of the north bank of the Seine into a makeshift beach every summerThe city of Paris on Tuesday dumped French-Swiss group LafargeHolcim as supplier of sand for the makeshift "Paris Plages" beach over the company's readiness to supply cement for US President Donald Trump's controversial border wall."We will do without their services," Paris Mayor Anne Hidalgo's deputy Bruno Julliard told the city council, citing La...  Full Story
Russia, Iran ink economic deals as Rouhani visits Moscow
Russian President Vladimir Putin (R) shakes hands with his Iranian counterpart Hassan Rouhani during a joint press conference following their meeting at the Kremlin in Moscow on March 28, 2017Russia signed Tuesday a string of bilateral agreements with Iran as President Vladimir Putin hosted his Iranian counterpart Hassan Rouhani for his first official visit to Moscow. The meeting between Putin and Rouhani, who have grown closer through their mutual support of Syrian president Bashar al-Assad, mostly focused on flourishing economic ties ...  Full Story
Activist targets GM share structure, board
EinhornInvestor David Einhorn unveiled Tuesday a proposal Tuesday to try to boost General Motors share price by creating two classes of stock, signaling a possible battle at the carmaker's annual meeting.GM rejected the initiative, calling it risky, and said it also would fight a plan by Einhorn to nominate four candidates to the GM board. Shares of GM j...  Full Story
Hong Kong ends Brazil meat ban: Brasilia
Hong Kong, the biggest market for Brazilian beef, issued a ban on all meat imports from the country last weekMajor beef market Hong Kong Tuesday ended a blanket ban imposed on Brazilian meat imports in a scandal over tainted products, Brazil's government said.It said the move means all the major markets for Brazil's key meat exports have relaxed their bans on meat from the recession-hit South American nation, the world's top beef and poultry exporter."Bra...  Full Story
EU to block LSE-Deutsche Boerse merger: sources
An LSE-Deutsche Boerse merger would have created a financial markets behemoth competing with the likes of the Chicago Mercantile Exchange and ICE in the United States, as well as the Hong Kong stock exchange in AsiaThe EU will reject as early as Wednesday the blockbuster merger of the London Stock Exchange with Germany's Deutsche Boerse that was caught up by the fallout from Brexit, sources said.The decision was widely expected after LSE last month said it had refused the European Commission's request to divest its majority stake in Italian trading platform M...  Full Story
US consumer confidence hits 16-year peak in March
The Federal Reserve has cited rising consumer sentiment when it tightened benchmark interest rates twice in recent monthsUS consumer confidence continued to soar in March, hitting its highest level in more than 16 years, the Conference Board announced Tuesday.The index, which hit a 15-year record in February, spiked nearly 10 points, backed by the enthusiastic short-term outlook among consumers.The index now stands at 125.6, a big jump from 116.1 in February, and the...  Full Story
Kremlin says Kushner meeting with state bank 'normal business'
RussiaThe Kremlin on Tuesday said that meetings between senior state bank officials and Donald Trump's son-in-law Jared Kushner and his company were "normal business."Kushner, 36, one of Trump's top aides, was his intermediary with foreign governments during the 2016 presidential campaign and is set to appear before a Senate panel investigating possible ...  Full Story
Turkey sends team to UK over flight ban
Turkish Airlines has already been hit by terror attacks in TurkeyTurkey sent a team of experts to Britain Tuesday to try to pursuade London to lift a ban on passengers carrying large electronic devices on flights from Istanbul, the Turkish transport minister said.Britain issued a ban last week on laptops and tablet computers in the passenger compartment of flights from five countries from the Middle East and nor...  Full Story
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