Exclusive: OPEC’s new price hawk Saudi Arabia seeks oil as high as $100 – sources
DUBAI/LONDON (Reuters) – Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement’s original ta…
U.S. stock futures rise as first quarter earnings off to strong start
(Reuters) – U.S. stock futures rose on Wednesday after the latest batch of results including Wall Street bank Morgan Stanley added to optimism about the U.S. corporate reporting season.
Explainer: Ant Financial’s $150 billion valuation, and the big recent bump-up
HONG KONG (Reuters) – Ant Financial’s rapid climb to become the world’s biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift…
German prosecutors investigate Porsche board member over emissions
FRANKFURT (Reuters) – German prosecutors are investigating current and former employees of Volkswagen-owned sports car maker Porsche, including a management board member, as part of their inquiries into emissions manipulations, they said on Wednesday.
World stocks at four-week highs as earnings rekindle risk appetite
LONDON (Reuters) – Global stocks climbed to their highest in nearly four weeks on Wednesday as strong U.S. first-quarter earnings helped revive risk appetite, driving up equities and hauling the dollar out of its slump.
Shire faces criticism on CEO pay policy as crunch week looms
LONDON (Reuters) – Shire , the $47 billion rare disease drugmaker being stalked by Japan’s Takeda Pharmaceutical , faces fresh criticism over its executive pay policy from a leading investor advisory group as a crunch week approaches.
Lockheed teams up with more German firms on military helicopter bid
BERLIN (Reuters) – Lockheed Martin Corp’s Sikorsky has partnererd with more German firms in its bid to win a 4 billion euro ($5 billion) heavy-lift helicopter contract from Berlin, and will showcase the industrial team at next week’s Berlin air show.
Senior bank regulatory official to be named China Huarong chairman: sources
BEIJING (Reuters) – China Huarong Asset Management Co Ltd is set to be helmed by a senior bank regulatory official, who will replace the current chairman under investigation for alleged corruption, two people with knowledge of the matter told Reuters….
Amazon launches international shopping from United States
(Reuters) – Amazon.com Inc has launched an international shopping feature that will enable customers across the world to shop more than 45 million items that can be shipped to their country from the United States.
ICE exchange to launch three-month Sonia futures contract in June
LONDON (Reuters) – The Intercontinental Exchange said on Wednesday it will launch a three-month futures contract based on “Sonia”, the Bank of England’s interest rate benchmark which aims to replace Libor.
