Total, Glencore and Gunvor bidding for Chevron's South African assets

Total, Glencore and Gunvor are bidding for a 75 percent stake in Chevron's South African downstream assets, which include a refinery, three industry sources told Reuters on Tuesday.U.S. oil major Chevron said in January it planned to sell 75 percent of ... — Read More

World food prices surge in September

World food prices were up in September, driven largely by the rising cost of sugar, the UN's food agency says.The Food and Agriculture Organisation's (FAO) food price index found prices had increased by 10% year on year and 2.9% on August.However, ... — Read More

IMF warns of financial stability risks

The International Monetary Fund (IMF) has warned that risks to financial stability are growing.It warns about what it calls "medium-term" dangers in both emerging and developed economies, in its twice-yearly report.It expresses particular concerns about Europe, Japan and China.On a more ... — Read More

ING to cut 5,800 jobs in digital plan

Dutch bank ING says it intends to cut about 5,800 jobs in Belgium and the Netherlands over the next five years as part of a cost-cutting plan.The bank said the aim was to speed up the adoption of new technology and ... — Read More

Nissan boss warns on UK investment

The boss of Nissan has warned that Brexit uncertainty and possible tariffs could damage investment in the UK's biggest car factory.Chief executive Carlos Ghosn said the firm would need "compensation" for tax barriers that might result from Britain leaving the European ... — Read More

Wells Fargo chief forfeits $41m amid corruption probe

Wells Fargo chief executive John Stumpf will forfeit $41m (£31.5m) in bonuses as the bank tries to deal with a scandal over its sales practices.The bank is investigating how two million accounts were opened without customers' permission.It said Mr Stumpf, who ... — Read More

Deutsche Bank shares fall further to fresh low

Shares in troubled Deutsche Bank have fallen even further to a new low.They fell another 3% to €10.22 during morning trading on the Frankfurt stock exchange.Investors are still worried about the financial health of the bank, which has been under scrutiny ... — Read More

UK 'appallingly bad' at start-up funding

Investors need to take a long-term view when backing new tech start-ups in the UK according to leading fund manager Neil Woodford, speaking as part of the BBC's Tech Talent coverage.He says small companies are not receiving the funding required to ... — Read More

European Commission plans free wi-fi in public spaces

The European Commission wants free wi-fi to be provided in public spaces across its member states within four years.The goal was announced by the president of the European Union's executive body, Jean-Claude Juncker, in his annual state of the union address.He ... — Read More

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