Reynolds American rejects BAT’s $47 billion takeover offer: source
(Reuters) – U.S. cigarette maker Reynolds American Inc is seeking a higher price from British American Tobacco Plc after rejecting its $47 billion takeover offer, a source familiar with the situation told Reuters.
Hard or soft Trump? Ex-WTO head Lamy sees trade realities trumping rhetoric
PARIS (Reuters) – U.S. President-elect Donald Trump will have little choice but to adopt a softer line on trade than the one he has flagged during his campaign, although flare-ups with some partners are likely, former WTO chief Pascal Lamy said.
Britain’s Brexit plan? There is no plan, leaked memo says
LONDON (Reuters) – Britain has no overall strategy for leaving the European Union and splits in Prime Minister Theresa May’s cabinet could delay a clear negotiating position for six months, according to a memo for the government that was leaked to The …
Chinese consumers’ body takes up complaints of iPhone shutdowns with Apple
(Reuters) – The China Consumers Association (CCA) has asked Apple to investigate “a considerable number” of reports by users of iPhone 6 and 6s phones that the devices have been shutting off and cannot be turned back on again, it said on Tuesday.
Banks could move from UK 18 months before a ‘hard Brexit’: BoE’s Carney
LONDON (Reuters) – Banks based in Britain may start to relocate activities to other countries about 1-1/2 years before a British departure from the European Union if a “hard Brexit” looks likely, Bank of England Governor Mark Carney said on Tuesday.
Merkel, with nod to Trump, warns against protectionism
BERLIN (Reuters) – German Chancellor Angela Merkel called on Tuesday for globalization to be framed in multilateral agreements rather than see countries adopt protectionist measures, in a thinly veiled warning to U.S. President-elect Donald Trump.
Multinational firms dumping Venezuela operations in fire sales
CARACAS (Reuters) – Multinational companies are selling their Venezuelan operations at hefty discounts – or even giving them away – as they to seek to escape the OPEC nation’s soaring inflation and chronic supply shortages.
Morgan Stanley executives earn $10.5 million in post-election rally
(Reuters) – Senior Morgan Stanley executives collectively earned about $10.5 million over the past week by exercising options and selling shares, with most of them profiting from an election-fueled rally in bank stocks, according to securities filings…
SEC Chair White to time her exit from agency with Obama’s
WASHINGTON (Reuters) – U.S. Securities and Exchange Commission Chair Mary Jo White plans to step down around the same time President Barack Obama exits the Oval Office, the agency said on Monday.
Apple considering expansion into wearable glasses: Bloomberg
(Reuters) – Apple Inc is considering expanding into wearable glass headsets and has talked about the project with potential suppliers, Bloomberg reported citing people familiar with the matter.
