Noble Group agrees $1.05 billion sale of U.S. unit in planned move to cut debt
SINGAPORE (Reuters) – Singapore-listed commodities trader Noble Group agreed to sell its North American energy distribution unit to U.S. firm Calpine Corp for $1.05 billion, moving a step closer to completing a restructuring to raise $2 billion to hel…
Samsung Electronics suspends Galaxy Note 7 production: Yonhap
SEOUL (Reuters) – Samsung Electronics Co Ltd has suspended production of its Galaxy Note 7 smartphones following reports of fires in replacement devices, South Korea’s Yonhap News Agency reported on Monday citing an unnamed source.
Facebook reports 11-million-pound UK tax credit as revenues soar
LONDON (Reuters) – Facebook said its main UK subsidiary generated an 11-million-pound tax credit in 2015 even as revenues soared, thanks to its tax efficient structure, accounts published on the weekend showed.
Futures open higher ahead of U.S. presidential debate
NEW YORK (Reuters) – U.S. stock index futures opened higher on Sunday ahead of a key U.S. presidential debate, which will be the first time the candidates face off after a video surfaced of Republican candidate Donald Trump making lewd comments about w…
Tesla’s Musk says will not have to raise funds in fourth quarter
(Reuters) – Tesla Motors Inc Chief Executive Elon Musk on Sunday said the company would not need to raise equity or corporate debt in the fourth quarter for its planned acquisition of SolarCity Corp, contradicting a filing the company made with regulat…
Citi sells Argentinian consumer unit a day after Brazil sale
(Reuters) – Citigroup agreed to sell its consumer business in Argentina to Banco Santander Rio for an undisclosed amount, a day after it sold some of its Brazilian retail banking assets to Itaú Unibanco Holding SA .
Earnings season begins as White House race heats up
NEW YORK (Reuters) – The roughly month-long corporate earnings announcement season that kicks off on Wall Street next week coincides with the final, most intense stretch of the U.S. presidential campaign.
Credit Suisse places five employees on leave over tax probe
ZURICH (Reuters) – Credit Suisse has placed five employees on leave while it carries out an internal investigation related to tax matters, the Swiss bank said on Sunday.
Russia expects OPEC to ask non members to consider joining output curb
MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said he expected the Organization of Petroleum Exporting Countries (OPEC) to propose that non-OPEC nations consider joining the group in limiting output.
Fed’s Fischer says job gains solid, expects growth to pick up
WASHINGTON (Reuters) – Job gains in the United States remain solid and growth should pick up in the second half of the year, Fed Vice Chair Stanley Fischer said on Sunday in remarks that indicate the central bank remains on track for a December rate in…
