Tata Sons renews appeal for removal of Mistry from group companies
MUMBAI (Reuters) – Tata Sons on Sunday renewed its appeal to shareholders of Tata group companies to remove Cyrus Mistry from their boards, saying that his presence as chairman “is likely to lead to fragmentation of the Tata Group”.
Iran close to Airbus deal, to get first jets in 2017: official
PARIS (Reuters) – Iran is close to finalizing a deal to buy dozens of passenger jets from Europe’s Airbus, having signed a $16.6 billion deal with Boeing earlier on Sunday, an Iranian official told Reuters.
Saudi hits new oil output record in November amid OPEC cut talk
VIENNA (Reuters) – Saudi Arabia pumped record-high amounts of oil in November, amid talks over a global deal to cut production, defying market expectations of lower output on slower domestic demand and refinery maintenance.
Market ‘paradigm shift’ may be under way, but more volatility likely: BIS
LONDON (Reuters) – Financial markets have been remarkably resilient to rising bond yields and sudden shift in outlook following last month’s shock U.S. election result, but the sheer scale of uncertainties ahead means the adjustment will be “bumpy”, th…
Shrinking FX market could pose stability risk: BIS
LONDON (Reuters) – Hedge funds and speculative investors have pulled back from the $5 trillion a day global currency market and less risk-taking by banks as well as reduced trading on multi-player platforms is a risk to future financial stability, the …
Iran signs $16.6 billion deal for 80 Boeing planes: IRNA
DUBAI (Reuters) – IranAir said it signed a deal on Sunday to buy 80 passenger planes from U.S. aircraft maker Boeing , state news agency IRNA reported, in the biggest U.S.-Iran deal since the 1979 Islamic revolution.
Cadillac disavows casting call for ‘neo-Nazi’ character in brand ad
DETROIT (Reuters) – General Motors Co’s Cadillac brand on Saturday disavowed a casting notice that called for an “alt-right (neo nazi)” role in a Cadillac commercial amid a storm of outrage on social media.
OPEC, non-OPEC agree first global oil pact since 2001
VIENNA (Reuters) – OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some count…
Prudential investigating Wells Fargo partnership after scandal
NEW YORK (Reuters) – U.S. insurer Prudential Financial is investigating whether Wells Fargo employees signed up customers for its life insurance policies without their knowledge, a spokesman said on Saturday.
Murdoch’s new Sky bid should be probed, UK opposition politicians say
LONDON (Reuters) – Rupert Murdoch’s new takeover approach for British pay-TV firm Sky should be investigated by the UK’s competition authorities, according to opposition politicians, though analysts said a deal should be easier to get through this time…
