GlaxoSmithKline invests $360 million in UK despite Brexit
LONDON (Reuters) – GlaxoSmithKline plans 275 million pounds ($361 million) of new investments at three drug manufacturing sites in Britain, signaling its confidence in the country despite last month’s vote to leave the European Union.
Monte dei Paschi contacts banks to back 5 billion euro cash call: source
LONDON/MILAN (Reuters) – Banca Monte dei Paschi di Siena has asked at least eight banks to guarantee a five billion euro ($5.49 billion) cash call as Italy’s third-largest bank races against the clock to comply with regulators’ demands to strengthen i…
European stocks rise, Asia lifted by Japan stimulus
LONDON (Reuters) – Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy.
Anthem profit beats estimates as Medicaid memberships rise
(Reuters) – U.S. health insurer Anthem Inc reported a better-than-expected profit as enrolments rose in its Medicaid plans, which cater to low-income Americans.
Nintendo posts first-quarter loss, delays launch of accessory for Pokemon GO
TOKYO (Reuters) – Japan’s Nintendo Co Ltd booked a quarterly operating loss on a sharply stronger yen and delayed the launch of an accessory for Pokemon GO, but hopes for long-term growth are running high on the mobile game’s success.
Deutsche Bank CEO warns of deeper cuts after quarterly revenue drop
FRANKFURT (Reuters) – Deutsche Bank warned that deeper cuts may be needed to turn itself around, after revenue fell sharply in the second quarter as the low interest rate environment and volatile markets weighed on the business.
Apple sells more iPhones than expected, shares jump after hours
(Reuters) – Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts’ targets, soothing fears that demand for the company’s most important product had hit a wall…
Tesla’s Musk sees ‘modest’ capital raise for next strategic turn
SPARKS, Nevada (Reuters) – Tesla Motors Inc’s next strategic turn could cost the electric car maker “tens of billions” of dollars over the long term, but will likely require only a “modest” capital raise, Chief Executive Elon Musk said on Tuesday.
AccorHotels buys concierge group John Paul in Airbnb response strategy
PARIS (Reuters) – AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, further beefing up its response to the challenges of Airbnb.
Malaysia Airlines orders Boeing 737 MAX jets in $5.5 billion deal
KUALA LUMPUR (Reuters) – Malaysia Airlines said on Wednesday it had ordered 50 Boeing 737 MAX jets, with firm orders for 25 and rights to purchase 25 more.
