Reuters exclusively reported that trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market.  The post Traders face $1 bln loss on faltering Ghana cocoa supply  appeared first on Reuters News Agency.

Reuters exclusively reported that United Auto Workers President Shawn Fain met with the union’s executive board to discuss his deep concerns with President Joe Biden’s ability to defeat Donald Trump in the November elections. Fain and the UAW are important allies of the president and are expected to play a critical role in helping him win in key swing...

Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators’ scrutiny of PwC this year for its role as the auditor of troubled property giant China...

Reuters exclusively reported that German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, a move that would boost its position in the household appliances market.  The post Bosch weighs offer for appliance maker Whirlpool appeared first on Reuters News Agency.

Reuters exclusively reported that Indian labour officials visited a Foxconn factory in the country’s south this week and questioned executives about the company’s hiring practices after Reuters reported that the major Apple supplier has been rejecting married women from iPhone assembly jobs.  The post Indian officials visit Foxconn iPhone plant, question...

Reuters published an exclusive interview with Turkish Central Bank Governor Fatih Karahan – his first with the media since becoming chief in February – on the heels of data showing a long-awaited turnaround in the country’s soaring inflation rate. Karahan’s comments that the central bank was “extremely determined” to combat soaring prices and would...