Political tremors send global stocks to lowest since July
LONDON (Reuters) – Global share prices retreated to their lowest levels since early July on Friday after two weeks of relentless losses dominated by uncertainty about the outcome of the U.S. presidential election and, as of Thursday, Britain’s path out…
CICC in advanced talks to buy China Investment Securities: sources
HONG KONG (Reuters) – China International Capital Corp (CICC) is in advanced talks to acquire China Investment Securities, two sources with knowledge of the matter said, as China’s leading investment bank seeks to bolster its presence in the retail br…
After stealth fighters and jumbo jets, China’s ‘secret weapon’: aero engines
ZHUHAI, China (Reuters) – Beyond the roar of its new stealth jets and the buzz of plans to build commercial jumbos, China in the past week offered a quiet first peek at a key test of its drive to become a global aviation powerhouse – a giant state-owne…
India’s Tata Sons names new management team after Mistry ouster
NEW DELHI (Reuters) – Tata Sons on Friday announced a new management team for the $100 billion steel-to-software group, days after it ousted Chairman Cyrus Mistry and disbanded his advisory council, triggering a public spat between him and patriarch Ra…
Suicide at Japan’s top ad agency puts overtime on the reform agenda
TOKYO (Reuters) – In April last year, Matsuri Takahashi, a promising graduate of Japan’s top university, landed a job at Dentsu, one of the country’s most prestigious advertising agencies, renowned for its hard-driving work culture. Nine months later, she jumped to her death, leaving behind a trail of public grievances on social media about her relentless working hours and boss’s verbal abuse.
Amid election jitters, many big funds stay aggressive but cash tempts
BOSTON/LONDON (Reuters) – Stocks are listing, bonds are drifting and suddenly gold is back in vogue. Global investors appear to be facing the prospect that next week’s U.S. presidential election may not play out as they have been expecting.
Investors smell profit in marijuana ballot measures
SAN FRANCISCO/NEW YORK (Reuters) – With marijuana legalization measures on the ballot in nine states Tuesday, investment opportunities are attracting money from Wall Street, Silicon Valley and publicly traded companies.
China’s Wanda extends Hollywood push with Dick Clark deal
SHANGHAI/SAN FRANCISCO (Reuters) – China’s Dalian Wanda has agreed a $1 billion takeover of Dick Clark Productions, the company that runs the Golden Globe awards and Miss America pageants, extending the Chinese property-to-entertainment conglomerate’s …
Japan, Russia agree to economic cooperation ahead of summit: Nikkei
TOKYO (Reuters) – Japan and Russia will focus on about 30 items of economic cooperation ahead of a December summit at which Japanese Prime Minister Shinzo Abe hopes to make progress in resolving a long-festering territorial row, said the Nikkei busines…
Drugmakers under fire for possible U.S. price fixing
(Reuters) – Two prominent U.S. lawmakers on Thursday called on federal antitrust regulators to probe whether Sanofi SA, Eli Lilly and Co, Merck & Co Inc and Novo Nordisk A/S colluded to set prices for insulin and other diabetes drugs.
