China wobble knocks stocks, bitcoin eyes $10,000
LONDON (Reuters) – World stocks edged lower on Monday, led by a fall in Chinese share prices and a sell-off in South Korean tech stocks that kept risk appetite muted, while the euro hit a two-month high against the dollar on optimism around German coal…
Uber executives travel world to reassure regulators after controversies
TOKYO (Reuters) – Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a string of controversies hurt the ride-hailing firm’s reputation, its Asian head said on Monday.
$10,000 in sight for bitcoin as it rockets to new record high
LONDON (Reuters) – Bitcoin’s vertiginous ascent showed no signs of abating on Monday, with the cryptocurrency soaring to another record high just a few percent away from $10,000 after gaining more than a fifth in value over the past three days alone.
Uber executives traveling globe to reassure regulators after controversies
TOKYO (Reuters) – Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a string of controversies, including a data breach, hurt the ride-hailing firm’s reputation, its Asian head sa…
BMW to spend 6.5-7 percent of sales on R&D in 2018: CFO in Handelsblatt
FRANKFURT (Reuters) – German carmaker BMW will further raise its spending on research and development next year, to 6.5 to 7 percent of sales, its finance chief Nicolas Peter told German daily Handelsblatt.
Bubble or breakthrough? Bitcoin keeps central bankers on edge
FRANKFURT (Reuters) – Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble.
AstraZeneca steps up China push with new drug joint venture
LONDON (Reuters) – Drugmaker AstraZeneca plans to turbo-charge its already substantial Chinese business through a new drug development joint venture with a state-backed private equity fund.
Julius Baer CEO Collardi quits to take post at Pictet
ZURICH (Reuters) – Swiss private bank Julius Baer said on Monday that Chief Executive Boris Collardi was resigning with immediate effect to take a post at Pictet Group in Geneva.
Sabeco gets strong response at Singapore investors’ roadshow as Vietnam kicks off sale
SINGAPORE (Reuters) – Vietnam’s biggest brewer Sabeco has received a strong response from potential suitors at an investors’ roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the $9 billion maker of…
Exclusive: Exxon Mobil chief revamps refining, chemical operations – spokeswoman
HOUSTON (Reuters) – Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company’s refining and chemical operations, part of a push to boost profits amid volatile oil and natural gas prices, a spokeswoman said.
