Author: Bloomberg News

The United States, known for being a global agriculture powerhouse, has never imported more food than it is right now. And its agricultural exports are falling.

Nissan is drawing up plans to replace its CEO following another dismal set of earnings and the collapse of talks to combine with Honda, according to people familiar with the matter.

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy.

Nissan shares jumped after the Financial Times reported that a high-level Japanese group has drawn up plans to seek investment from Elon Musk’s Tesla Inc. to aid the struggling carmaker.

KKR & Co.’s revived attempt to potentially sell container and logistics services provider Goodpack has attracted interest from global investment firms including Apollo Global Management.

A sale of the business is one of the many options BP is considering to win back investor confidence after years of underperformance, sources said.

EU trade chief Maros Sefcovic spoke with three top members of U.S. President Donald Trump’s incoming administration on how to find a solution to the brewing transatlantic trade dispute.

Among the options being floated if the Trump administration moves to strike EV incentives is a three-year wind down to allow more time for the companies to adjust their businesses.

Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.

 President Donald Trump indicated Nippon Steel is considering investing in United States Steel instead of an outright purchase.