Oil sweeps lower as fears of recession dent financial markets
Oil prices fell on Wednesday, swept lower by a broad decline across financial markets, as concern about the outlook for global growth and evidence of yet more crude supply wiped out half of this week’s gains.
Iran won’t discuss its OPEC quota while under sanctions: agency
Iran will not discuss its OPEC quota as long as it is under sanctions, Iranian Oil Minister Bijan Zanganeh was quoted by the state news agency IRNA as saying on Wednesday.
Takeda investors back $59 billion Shire deal, but wary of debt load
Takeda Pharmaceutical shareholders approved on Wednesday its $59 billion takeover of London-listed Shire , creating a global powerhouse with a stronger drugs pipeline but one that is saddled with massive debt.
Bayer eyes 16 billion euros in 2022 adjusted EBITDA
German drugmaker Bayer , which acquired seed company Monsanto this year, said it aimed to increase adjusted core earnings to 16 billion euros ($18.1 billion) in 2022, up from an expected 12.2 billion euros this year.
Bayer eyes 16 billion euros in 2022 adj EBITDA
German drugmaker Bayer , which acquired seed company Monsanto this year, said it aimed to increase adjusted core earnings to 16 billion euros ($18.1 billion) in 2022, up from an expected 12.2 billion euros this year.
China’s Didi announces reorganization plan to address safety
Chinese ride-hailing firm Didi Chuxing on Wednesday announced a reorganization plan aimed at improving safety on its platform, as it works to address public and government concerns raised after the murders of two of its users.
Exclusive: China’s Unipec to buy U.S. oil after Xi-Trump tariff truce
Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, three sources with knowledge of the matter said.
Takeda shareholders approve $59 billion Shire buy but are wary of debt load
Takeda Pharmaceutical shareholders approved on Wednesday its $59 billion takeover of London-listed Shire , creating a global powerhouse with a stronger drugs pipeline but one that is saddled with massive debt.
China’s Didi announces reorganization plan to address safety issues
Chinese ride hailing giant Didi Chuxing on Wednesday announced a reorganization plan which it said was aimed at improving the safety and efficiency of its platform.
Oil prices fall on global growth concerns, U.S. supply glut
Oil prices fell on Wednesday, pulled down by a U.S. supply glut and a drop in stock markets as China’s government warned of increasing economic headwinds and as Japan was expected to report another quarter of GDP contraction.
