Exclusive: Indian government officials propose break-up of Coal India – sources
NEW DELHI (Reuters) – Senior Indian government officials tasked by the prime minister with reviewing energy security are recommending the break up of the country’s coal monopoly, Coal India Ltd , within a year.
Maersk to buy German shipping line Hamburg Sud
COPENHAGEN (Reuters) – A.P. Moller-Maersk has agreed to buy German rival container shipping line Hamburg Süd, sending shares in the Danish shipping company up nearly 5 percent.
Nokia-branded phones set for comeback in 2017 as HMD takes charge
HELSINKI (Reuters) – Finland’s Nokia on Thursday announced that its deal with HMD Global Oy, a new company formed to revive the Nokia brand in phones, has come into force and that HMD has opened for business.
Oil hits six-week high after OPEC deal, bond yields rise
LONDON (Reuters) – Oil swept to a six-week high on Thursday, lifting energy shares in its slipstream, after OPEC agreed to cut crude output to clear a glut, while bond yields rose on prospects that resulting inflationary pressures will lead to higher i…
UK Brexit minister says would consider paying into EU for market access
LONDON (Reuters) – Britain would consider making payments to the European Union after it leaves the bloc in return for access to EU markets, Brexit minister David Davis said on Thursday.
After OPEC deal, oil expected to rally – for the moment
NEW YORK (Reuters) – Oil’s blistering rally of up to 10 percent to $50 a barrel on Wednesday should continue into next week, analysts and fund managers said, after the world’s top producers announced a historic deal to rein in output.
ChemChina setting up $5 billion fund to help finance Syngenta bid: Basis Point
HONG KONG (Reuters) – China National Chemical Corp (ChemChina) is setting up a fund that will aim to raise $5 billion to help finance its purchase of Swiss seeds group Syngenta , two sources with direct knowledge of the matter told Thomson Reuters publ…
OPEC in first joint oil cut with Russia since 2001, Saudis take ‘big hit’
VIENNA (Reuters) – OPEC has agreed its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its production and dropped its demand on arch-rival Iran to slash output, pushing up crude prices by around 10 percent.
Carrier gets state incentives, Trump pledge for keeping U.S. jobs
WASHINGTON (Reuters) – United Technologies Corp’s Carrier unit said on Wednesday it got financial incentives from Indiana and a pledge from President-elect Donald Trump to improve the climate for business in the United States in exchange for keeping m…
Cohen’s SAC Capital in $135 million settlement with Elan investors
NEW YORK (Reuters) – Billionaire Steven A. Cohen’s former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in the drugmaker Elan Corp, who said they lost money because of insider trading by one of his portfolio …
