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Mitsui's ITC begins paying claims following Texas tank fire

HOUSTON, May 24 Mitsui & Co Ltd's Intercontinental Terminals Co (ITC) has begun evaluating and paying claims to Houston area residents who missed work or incurred medical expenses following a March fire at its petrochemical storage facility, the company said on Friday.

Brazil approves new soy seed that resists drought, two herbicides

SAO PAULO, May 24 Brazil's bio-security agency CTNBio has approved a new soybean seed that combines technologies to make it resistant to drought and two widely used herbicides, according to a statement on Friday from the companies that created the product.

Steelmaker ArcelorMittal frets over future of Mexican tax benefits

MEXICO CITY, May 24 Tax incentives in Mexico designed to lure investment to poorer areas should be maintained, the head of ArcelorMittal's Mexican unit said in an interview, despite the new president's suggestion that the policy should not be renewed.

UPDATE 1-Norway's sovereign fund will no longer own stakes in cannabis firms

OSLO, May 24 Norway's sovereign wealth fund will no longer own stakes in companies with direct exposure to the cannabis industry, a spokesman for the fund's manager, Norges Bank Investment Management (NBIM), said on Friday.

UPDATE 1-South Africa's Eskom CEO resigns for health reasons

JOHANNESBURG, May 24 The chief executive of South Africa's struggling power utility Eskom, Phakamani Hadebe, said on Friday he was stepping down for health reasons after leading efforts to stabilise the highly indebted state firm.

Energy, Utilities May 24 2019


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