Glencore sale of Rosneft stake earns rivals’ respect, bankers’ relief
LONDON (Reuters) – Glencore’s move last week to sell most of its stake in Russian oil major Rosneft to Chinese conglomerate CEFC is eliciting admiration from the Swiss oil trader’s rivals — and relief from its bankers.
Macau’s unused billions: booming casino taxes sit in government coffers
MACAU (Reuters) – Over the past five years, Macau has raked in $70 billion in taxes from the casinos that have made the territory the largest gambling center in the world.
Rupert Murdoch’s Fox joins court challenge to CBS’ Australian TV buyout
SYDNEY (Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc joined a court challenge on Tuesday against rival U.S. cable network CBS Corp’s proposed buyout of struggling Australian television broadcaster Ten Network Holdings Ltd.
Samsung says Galaxy Note 8 pre-orders highest among Note series
SEOUL (Reuters) – Samsung Electronics Co Ltd on Tuesday said pre-orders for its Galaxy Note 8 premium smartphone have hit the highest-ever for the Note series, beating its predecessor Note 7 over five days by about 2.5 times.
Asia shares hit ten-year high on Irma, North Korea relief
TOKYO (Reuters) – Asian shares hit a 10-year peak on Tuesday with investors breathing a sigh of relief as North Korean fears eased and the worst-case scenario from Hurricane Irma looked to have been avoided.
Samsung Electronics Galaxy Note 8 pre-orders highest among Note series: exec
SEOUL (Reuters) – Pre-orders for Samsung Electronics Co Ltd’s latest premium smartphone Galaxy Note 8 are the highest among the Note series, the tech giant’s mobile chief said on Tuesday.
Toshiba set to pick Western Digital-led group for chip unit: Nikkan Kogyo
Tokyo (Reuters) – Japan’s embattled Toshiba Corp is set to sell its memory chip unit to a consortium led by Western Digital Corp for about 2 trillion yen ($18.3 billion), the Nikkan Kogyo business daily said on Tuesday without citing sources.
Asia shares join global rally, hit 10-year high on Irma, North Korea relief
TOKYO (Reuters) – Asian shares joined a global equities rally, hitting a 10-year peak on Tuesday with investors breathing a sigh of relief as North Korean fears eased slightly and the worst-case scenario from Hurricane Irma looked to have been avoided….
After roads and railways, China’s Silk Road dealmakers eye financial firms
HONG KONG (Reuters) – After ports and industrial parks, the dealmakers leading China’s trillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe’s banks, insurers and asset managers to tap funds and expertis…
Lenders, investors breathe easier as U.S. hurricane waters recede
NEW YORK (Reuters) – Financial institutions with exposure to U.S. properties hit by Hurricanes Harvey and Irma are tempering their loss estimates, as the damage to homes and businesses has been far less severe than expected.
