Desperate uranium miners switch to survival mode despite nuclear rebound
LONDON (Reuters) – The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium prices at record lows, forcing mining companies to mothball mines, slice costs and cut debt as they struggle to survive.
India’s Reliance ties up with Dassault after fighter jet deal
NEW DELHI (Reuters) – India’s Reliance Group said on Monday it had tied up with Dassault Aviation SA to help the French company spend up to 300 billion rupees ($4.51 billion) that it must invest in India as part of a recent fighter jet deal it clinche…
Sterling slumps on Brexit, Deutsche’s travails drag on stocks
LONDON (Reuters) – European shares got the new quarter off to a muted start on Monday as Deutsche Bank’s travails weighed on banking stocks, while sterling slumped as Britain set a March deadline to start divorce proceedings from the European Union.
Bank of England confirms will hold broader bank stress test in 2017
LONDON, (Reuters) – The Bank of England said on Monday it would hold a broader stress test of British banks’ resilience alongside its regular annual check-up of their financial health.
Nestle and R&R complete Froneri ice cream joint venture
ZURICH (Reuters) – Food giant Nestle and Britain’s R&R Ice Cream have completed a transaction to create their new Froneri ice cream and frozen food joint venture, Nestle said on Monday.
Taiwan’s top financial regulator steps down amid Mega Financial scandal
TAIPEI (Reuters) – The chairman of Taiwan’s Financial Supervisory Commission (FSC) stepped down on Monday as criticism grows over the watchdog’s effectiveness after state-run institution Mega Financial’s New York branch was fined $180 million by U.S….
Small Japan firms dying out as aging owners struggle to find successors
TOKYO (Reuters) – Japan’s small firms, many of which are “mom-and-pop” operations, are dying out as their aging owners struggle to find successors, in another sign that the fast-ageing population is taking its toll on the world’s third-largest economy….
Shanghai watchdogs fine OSI and unit over meat scandal
SHANGHAI (Reuters) – Market watchdogs in Shanghai have fined fast-food chain supplier Shanghai Husi Food Co and its U.S. parent OSI Group [OSIGP.UL] more than 24 million yuan ($3.6 million) for making and selling sub-standard products in a meat scandal…
BOC Aviation to buy five planes from Air China worth $1.5 billion at list prices
HONG KONG (Reuters) – Aircraft lessor BOC Aviation Ltd said on Monday it would buy five new planes from Air China , worth a combined $1.5 billion at list prices, and would lease them back to the carrier.
Senior Italian bankers to meet Monday over sale of four banks: sources
ROME (Reuters) – Italy’s economy minister has called a meeting with some of the country’s top bankers on Monday to discuss stalled efforts to sell four small banks that were rescued from bankruptcy last year, sources said.
