Lloyd’s insurers exceed electronic trading target: report

Lloyd’s insurers exceed electronic trading target: report

FILE PHOTO: A man enters the Lloyd’s of London building in the City of London financial district in London, Britain, April 16, 2019. REUTERS/Hannah McKay/File Photo May 13, 2019 LONDON (Reuters) – Insurers in the Lloyd’s of London market have switched 45% of their business to an electronic platform, ahead of target, the platform said on Monday. The insurance industry has been slower to move to electronic trading than other parts of financial services. But…

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Actress Felicity Huffman to plead guilty to U.S. college cheating scam

Actress Felicity Huffman to plead guilty to U.S. college cheating scam

FILE PHOTO: FILE PHOTO: Actor Felicity Huffman, facing charges in a nationwide college admissions cheating scheme, leaves federal court in Boston, Massachusetts, U.S., April 3, 2019. REUTERS/Brian Snyder/File Photo/File Photo May 13, 2019 By Nate Raymond BOSTON (Reuters) – Actress Felicity Huffman is due to plead guilty on Monday to paying to have someone cheat on her daughter’s behalf on a college entrance exam, part of a wide-ranging scandal in which wealthy parents used bribery…

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EU regulators fine AB InBev 200 million euros in Belgian beer import case

EU regulators fine AB InBev 200 million euros in Belgian beer import case

FILE PHOTO: The logo of Anheuser-Busch InBev is pictured outside the brewer’s headquarters in Leuven, Belgium February 28, 2019. REUTERS/Francois Lenoir/File Photo May 13, 2019 By Foo Yun Chee BRUSSELS (Reuters) – Anheuser-Busch InBev, the world’s largest brewer, was hit with an EU antitrust fine of 200 million euros ($225 million) on Monday for preventing cheaper beer imports from the Netherlands into Belgium. The European Commission decision came after a three-year investigation into the brewer’s…

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Exclusive: Amazon rolls out machines that pack orders and replace jobs

Exclusive: Amazon rolls out machines that pack orders and replace jobs

FILE PHOTO: A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. REUTERS/Clodagh Kilcoyne/File Photo May 13, 2019 By Jeffrey Dastin SAN FRANCISCO (Reuters) – Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders. The company started adding technology to a handful of warehouses in recent years, which scans goods coming down a conveyor belt…

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Small parties back Thai junta chief after rule change gave them seats

Small parties back Thai junta chief after rule change gave them seats

Thailand’s Prime Minister Prayuth Chan-ocha speaks during a news conference after a weekly cabinet meeting, after the general election at Government House in Bangkok, Thailand, March 26, 2019. REUTERS/Athit Perawongmetha May 13, 2019 By Panarat Thepgumpanat and Patpicha Tanakasempipat BANGKOK (Reuters) – Eleven small Thai parties that each gained a parliamentary seat after a disputed electoral rule change will back the main pro-army party, leaders said on Monday, giving the ruling junta chief who launched…

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China stocks fall, yuan at four-month low as U.S. trade talks stall

China stocks fall, yuan at four-month low as U.S. trade talks stall

FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, China May 6, 2019. REUTERS/Aly Song May 13, 2019 By Winni Zhou and Andrew Galbraith SHANGHAI (Reuters) – China’s main equity indexes finished lower on Monday and the yuan weakened to a four-month low as investors’ hopes for a deal to end an escalating trade war between the United States and China were dashed by signs of a stalemate in…

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Factbox: Who’s with whom – Indian parties seek partners as election nears end

Factbox: Who’s with whom – Indian parties seek partners as election nears end

FILE PHOTO: The Bahujan Samaj Party (BSP) chief Mayawati (L) speaks as Akhilesh Yadav, chief of Samajwadi Party (SP), looks on during a joint news conference to announce their alliance for the upcoming national election, in Lucknow, India, January 12, 2019. REUTERS/Pawan Kumar/File Photo May 13, 2019 NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s ruling coalition is confident of a second term in office but opposition parties are talking to each other to…

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China auto sales fall 14.6% on year in April, 10th month of decline

China auto sales fall 14.6% on year in April, 10th month of decline

FILE PHOTO: Baojun cars wait for sale in front of a dealership in Lushan county, Pingdingshan, Henan province, China November 16, 2018. REUTERS/Yilei Sun May 13, 2019 BEIJING (Reuters) – Vehicles sales in China, the world’s largest auto market, fell 14.6% in April from the same month a year earlier, the country’s biggest auto industry association said on Monday, marking the 10th consecutive month of decline. Sales fell to 1.98 million vehicles, said the China…

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Bar rises for shale takeovers as Chevron bows out of Anadarko fight

Bar rises for shale takeovers as Chevron bows out of Anadarko fight

FILE PHOTO: Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott/File Photo May 13, 2019 By Jennifer Hiller HOUSTON (Reuters) – Chevron Chief Executive Michael Wirth’s decision to opt out of a bidding war for Anadarko Petroleum Corp has raised the bar for deals, and dampened expectations that oil majors will drive a new wave of consolidation in U.S. shale. Wirth last week ruled out increasing his $33 billion…

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Exclusive: Bosch goes for platinum-light fuel cells

Exclusive: Bosch goes for platinum-light fuel cells

FILE PHOTO: Ingots of 99.98 percent pure platinum at the Krastsvetmet non-ferrous metals plant, one of the world’s largest producers in the precious metals industry, in Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya Naymushin/File Photo May 13, 2019 By Eric Onstad LONDON (Reuters) – Global automotive supplier Bosch expects platinum to play only a minor role in its new fuel cells, giving precious metal markets scant benefit even as the technology gains momentum for pollution-free transport….

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