(Reuters) -Global trading house Cargill plans to cut around 5% of its worldwide employees, according to an internal memo reviewed by Reuters on Tuesday. The majority of these reductions will take place this year. They will focus on streamlining our organisational structure by removing layers, expanding the scope and responsibilities of our managers, and reducing duplication of work, Brian Sikes,...

HOUSTON (Reuters) - U.S. oil major Exxon Mobil ( XOM ) and partners are continuing to negotiate with Guyana's government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday. Exxon, Hess and CNOOC won offshore block S8 in a bidding round launched in late 2022 by President Irfaan Ali's administration. The group remains interested...

(Reuters) -The United States on Monday launched its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves. The effort to hobble Beijing's chipmaking ambitions also hits Chinese chip toolmakers Piotech, ACM Research and SiCarrier Technology with new export restrictions as part of the package, which...

Applied Materials, Inc. ( AMAT ) shares closed higher by 4.9% to $183.26 Monday following the Biden administration's announcement of expanded export controls targeting China's semiconductor industry. The new restrictions, aimed at limiting China's access to advanced chipmaking technologies, are expected to redirect global demand for semiconductor manufacturing equipment toward companies like Applied Materials ( AMAT ), a leader in...