Exclusive: Glencore in talks to sell global oil storage stakes – sources
LONDON (Reuters) – Swiss-based commodities trading and mining giant Glencore is in advanced talks to sell a bundle of its global oil storage stakes, sources familiar with the matter said, following a boom period for storage companies.
Credit Suisse under fire as clients hunted for tax evasion
AMSTERDAM/ZURICH (Reuters) – Swiss bank Credit Suisse has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about tens of thousands of suspect accounts triggered raids in five countries.
EU offers Brexit trade talks, sets tough transition terms
VALLETTA/BRUSSELS (Reuters) – The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London must first agree to EU demands on the terms of Brexit.
VW has fixed fewer than half of UK cars hit by diesel scandal
LONDON (Reuters) – Volkswagen said it has so far fixed fewer than half of the 1.2 million cars affected by the diesel emissions scandal in Britain, 18 months after the revelations first came to light.
Big in Japan? Hope at home for Toshiba’s nuclear arm after U.S. debacle
TOKYO (Reuters) – The bankruptcy of Westinghouse Electric Co may be a blow to Toshiba Corp’s international nuclear ambitions, but the Japanese conglomerate still has a profitable business at home.
Samsung Group boss earned $1 million at flagship in first quarter, shows first disclosure
SEOUL (Reuters) – Samsung Electronics Co Ltd said on Friday it paid Vice Chairman Jay Y. Lee, the third-generation leader of Samsung Group [SAGR.UL], 1.135 billion won ($1.02 million) in the fourth quarter of 2016, disclosing his compensation for the …
Changes at Diageo put focus back on Scotch
LONDON (Reuters) – Diageo, the world’s largest spirits maker, spotted in 2015 that drinkers in the emerging middle class in Ghana and Cameroon were keen to show off their new status by buying their own bottles of Johnnie Walker rather than shots.
Turkey’s Halkbank says operations, transactions comply with international regulations
ISTANBUL (Reuters) – Turkish state-run lender Halkbank’s operations and transactions fully comply with national and international regulations, it said in a statement regarding the arrest of its deputy general manager Mehmet Hakan Atilla in the United S…
J&J declares Actelion tender offer a success, sees closing in second quarter
ZURICH (Reuters) – Johnson & Johnson declared its $30 billion tender offer for Swiss biotechnology company Actelion successful on Friday, reporting it controlled 77.2 percent of the voting rights after the main offer period.
Waymo-Uber judge says may grant injunction if key witness doesn’t testify
SAN FRANCISCO (Reuters) – The U.S. judge overseeing a blockbuster case over self-driving car technology suggested Uber could face an injunction if a key Uber executive does not testify for fear of exposing himself to criminal prosecution, according to …
