Asia shares slip; euro rebounds as reports temper Italian debt fears
Asian shares slipped on Wednesday as oil prices near four-year highs threatened to roil emerging economies, while the euro rebounded from six-week lows on reports Italy will reduce its budget deficit more quickly than expected.
Aston Martin priced at 19 pounds per share in float, eyes $5.6 billion valuation
Britain’s Aston Martin said on Wednesday it had priced its shares at 19 pounds each in its London stock market debut, giving the luxury carmaker a valuation of $5.6 billion.
Exxon Mobil eyes multi-billion dollar investment at Singapore refinery: executive
Exxon Mobil Corp is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday.
With Hemlibra, Roche seeks to break into tight hemophilia circle
Swiss drugmaker Roche is breaking into hemophilia A treatment, a $10 billion global market dominated by rivals who have cultivated close ties to sufferers of the genetic bleeding disorder.
Looming large: Shell’s LNG Canada seen as tip of megaproject iceberg
The launch of a massive liquefied natural gas (LNG) export project in Canada could fire the starting gun on a wave of other approvals around the world, potentially curbing a supply crunch expected after 2020.
Tech giants allied against proposed Australia law seeking encrypted data
Four global tech giants – Facebook, Apple, Alphabet and Amazon – will oppose an Australian law that would require them to provide access to private encrypted data linked to suspected illegal activities, an industry lobby group said on Wednesday.
Some Tesla directors proposed James Murdoch to succeed Musk as chairman: New York Times
Some Tesla directors have proposed that James Murdoch, fellow board member at the electric carmaker and chief executive officer of Twenty-First Century Fox Inc, succeed Elon Musk as its chairman, the New York Times reported on Tuesday, citing people in…
Tencent Music files for Nasdaq IPO, first-half revenue surges
Tencent Music Entertainment, which owns China’s most popular music apps, has filed for a U.S. IPO seeking funds to develop content and new services, in what is expected to be one of the biggest U.S. listings by a Chinese company this year.
After lean years, Big Oil is under pressure to spend
Executives at the world’s biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity.
Oil firm on Iran sanctions, but rising U.S. supply and strong dollar weigh
Oil prices were firm on Wednesday on expectations of tighter markets once U.S. sanctions target Iran’s petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains.
