Sunday, April 30, 2017

Storage wars: New U.S. potash player K+S faces warehouse squeeze

WINNIPEG, Manitoba, May 1 (Reuters) - Germany's K+S AG

will crack into the U.S. fertilizer market this

spring when it opens the first new western Canadian potash mine

in nearly five decades.

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PRESS DIGEST- New York Times business news - May 1

May 1 (Reuters) - The following are the top stories on the

New York Times business pages. Reuters has not verified these

stories and does not vouch for their accuracy.

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BRIEF-American International Group completes sale of AIG Fuji Life to FWD Group

* Says it completed the sale of AIG Fuji Life Insurance

Company Ltd (AFLI) to FWD Group, as planned

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U.S. to probe Japanese, German automakers over alleged patent violations

TOKYO, May 1 (Reuters) - The United States will begin an

investigation into whether thermoplastic components used in some

Japanese and German vehicle models sold in the country violate

its patent laws, trade authorities said late last week.

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Nikkei edges up, high-tech shares jump on earnings

TOKYO, May 1 (Reuters) - Japanese stock prices posted modest

gains on Monday as high-tech shares such as Tokyo Electron

and Murata Manufacturing gained on upbeat

earnings in otherwise holiday-lulled trading.

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PRECIOUS-Gold falls after dollar firms on deal to fund U.S. govt

May 1 (Reuters) - Gold fell on Monday after the dollar edged

up as U.S. congressional negotiators hammered out a deal on a

spending package to keep the federal government funded through

September.

FUNDAMENTALS

* Spot gold dropped 0.3 percent to $1,264.06 per

ounce, as of 0236 GMT.

* Gold, last week, saw its biggest weekly percentage fall

since the week of March 10, ending about 1.2 percent lower.

* U.S. gold futures eased 0.2 percent to $1,265.20

an ounce.

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PRESS DIGEST- British Business - May 1

May 1 (Reuters) - The following are the top stories on the

business pages of British newspapers. Reuters has not verified

these stories and does not vouch for their accuracy.

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