Oil falls as China fuel exports jump, U.S. rigs rise
LONDON (Reuters) – Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, U.S. oil producers added rigs for an eighth consecutive week, and prospects emerged for increased exports from Iraq and Nigeria.
Foxconn says two employees at China plant died; cooperating with investigations
TAIPEI (Reuters) – Foxconn, which assembles Apple Inc products, said on Monday two workers at its manufacturing facilities in China died last week, even as the company made efforts to improve labor conditions that came under scrutiny after a spate of s…
Malaysia’s Petronas sees gloomy industry outlook as second quarter profit slumps
KUALA LUMPUR (Reuters) – Malaysian state-owned oil firm Petroliam Nasional Bhd (Petronas) [PETR.UL] on Monday said low oil prices dragged quarterly profit down 85 percent, and labelled the industry outlook “gloomy” well into 2017.
Valeant names former Zoetis executive Paul Herendeen as CFO
(Reuters) – Valeant Pharmaceuticals International Inc said on Monday former Zoetis Inc executive Paul Herendeen will take over as chief financial officer from Robert Rosiello, effective immediately.
GE’s plan to take on debt could pressure credit metrics – Moody’s
(Reuters) – General Electric Co’s plan to take on $20 billion of debt adds to the “uncertainty surrounding its ability to mitigate” pressure on credit metrics, Moody’s Investors Service said on Monday.
TV networks expand on-demand offerings to fight ‘cord-cutting’
LOS ANGELES (Reuters) – U.S. pay TV customers will have more chances this fall to catch up on shows in mid-season as networks increase video-on-demand offerings in their battle to keep audiences from jumping to streaming services.
Bonnie Baha, DoubleLine’s director of global credit, dies
(Reuters) – Bonnie Baha, head of Global Developed Credit at DoubleLine Capital LP, has died as a result of an automobile accident over the weekend, the firm told Reuters late Sunday.
From the Olympics to Wall Street: The athletes who become brokers
NEW YORK (Reuters) – Emily Samuelson competed at the highest level as an ice dancer over the course of her 15-year career, retiring after skating in the 2010 Vancouver Olympics. But like many Olympians, she never earned enough to cover her expenses.
Exclusive: ChemChina’s Syngenta acquisition close to clearing U.S. review – sources
(Reuters) – ChemChina’s $43 billion acquisition of Syngenta AG is in the final stages of being cleared by the Committee on Foreign Investment in the United States (CFIUS), which scrutinizes deals for national security implications, people familiar wit…
Japan Inc unenthused over Abe’s stimulus, BOJ easing: Reuters poll
TOKYO (Reuters) – Japanese companies overwhelmingly say the government’s latest stimulus will do little to boost the economy and the Bank of Japan should not ease further, a Reuters poll showed, a setback for policymakers’ efforts to overcome deflation…
