Bashneft stops sending oil to Hungary, Slovakia via Druzhba pipeline – sources
MOSCOW (Reuters) – Russia’s Bashneft has stopped sending oil to Hungary and Slovakia through the Druzhba pipeline, three industry sources said, in what traders believe reflects a change in marketing strategy under Bashneft’s new owner Rosneft .
Facebook partners with news outlets for Election Day live video blitz
NEW YORK (Reuters) – Facebook said on Monday it would partner with 50 broadcast stations, print and online publications for an Election Day live video blitz, as the social media company aims to build on the momentum of its popular Facebook Live video s…
UK privacy watchdog threatens Facebook with action over WhatsApp data
BRUSSELS (Reuters) – The British privacy watchdog on Monday threatened Facebook with enforcement action if the company used data from WhatsApp users without consent, adding that the social media giant had agreed to suspend using UK users’ data.
Russia signs decree to sell 19.5 percent Rosneft stake
MOSCOW (Reuters) – Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft in time for the proceeds to be received by the end of the year.
LendingClub posts smaller-than-expected loss, shares soar
(Reuters) – Online lending platform operator LendingClub Corp reported a smaller-than-expected loss and said an investor had agreed to buy $1.3 billion in loans, sending its shares soaring as much as 20 percent.
HSBC investors fear timetable to find new bosses is slipping
LONDON (Reuters) – Some major shareholders in HSBC want the bank to give greater reassurance on succession-planning for its chairman and chief executive, concerned that a timetable for replacing veterans Douglas Flint and Stuart Gulliver may be slippi…
Hexagon CEO says conscience clear over Norwegian insider trading probe
STOCKHOLM (Reuters) – Ola Rollen, chief executive of Swedish technology firm Hexagon , denied wrongdoing on Monday and said his conscience was clear after spending more than a week in custody over Norwegian insider trading allegations.
Russia’s economy minister values Rosneft stake for sale at $11.75 billion
MOSCOW (Reuters) – Russia will sell a state stake in oil giant Rosneft using the firm’s share price as of Oct. 11, when it stood at 748.3 billion rubles ($11.75 billion), Economy Minister Alexei Ulyukayev said on Monday.
Egypt to face pain before gain after massive currency devaluation
CAIRO (Reuters) – The pain of Egypt’s currency devaluation may be felt well before the benefits, creating a period of at least several months in which there is little positive news to offset rising inflation and falling living standards, businessmen an…
Reuters poll: Sterling trading around ideal rate for UK economy – economists
LONDON/BENGALURU (Reuters) – Sterling’s near 20 percent plunge following Britain’s vote in June to leave the European Union has brought the currency to the ideal rate for the UK economy, according to a Reuters poll of economists taken in the past few d…
