Abbott sales beat on higher demand for medical devices
(Reuters) – Abbott Laboratories reported better-than-expected quarterly sales and profit as strong sales in its medical device business more than made up for the hit from an economic turmoil in Venezuela.
Pimco turns to Man Group’s Roman to lead revival
LONDON (Reuters) – Pacific Investment Management Co (Pimco) has poached Emmanuel ‘Manny’ Roman from Man Group , the world’s biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left the fund manager in 2014….
Bank of England sees no clear evidence of sharp Brexit hit yet
LONDON (Reuters) – The Bank of England said on Wednesday it had seen no clear signs yet of a sharp economic slowdown after last month’s vote to leave the European Union, raising questions over how aggressively it will act to boost the economy when it m…
Volkswagen profit tops forecast, but takes another dieselgate hit
FRANKFURT (Reuters) – Volkswagen said cost cutting and rising European car sales helped it to beat first-half underlying profit forecasts, though it set aside another 2.2 billion euros ($2.4 billion) to cover costs related to its “dieselgate” emission…
Total seen unlikely to fight ExxonMobil over South Pacific gas
MELBOURNE (Reuters) – Total SA is unlikely to challenge ExxonMobil in a bidding war for explorer InterOil Corp , the French firm’s partner in a gas field in Papua New Guinea, analysts said on Wednesday.ExxonMobil this week topped an offer from Oil Se…
SABMiller board to weigh AB InBev takeover terms as shareholder meeting looms: source
LONDON (Reuters) – SABMiller has not ruled out asking Anheuser-Busch InBev to revamp its proposed $100 billion-plus takeover offer before formally recommending the bid, a source close to the London-listed brewer told Reuters, amid rising shareholder …
Japan’s securities industry moves to tackle material information leaks
TOKYO (Reuters) – Japan’s securities industry body will tackle leaks of unpublished corporate information with a new set of guidelines, it said on Wednesday, a move that comes as the country grapples with how to ensure fair access to market-sensitive i…
Japanese gamers left waiting for Pokemon GO’s home launch
TOKYO (Reuters) – Gamers in Japan, home of Nintendo Co’s Pokemon, waited in vain on Wednesday for the launch of its smash-hit mobile phone game, amid media reports that the developers behind it had hit the brakes over concerns that manic demand would …
Tech earnings lift Europe shares, dollar up on Fed hike bets
LONDON (Reuters) – Forecast-beating earnings in the tech sector lifted European shares on Wednesday and the dollar strengthened on growing expectations the U.S. Federal Reserve may raise interest rates before the end of the year.
In China meeting, G20 has chance to soothe post-Brexit jitters
SHANGHAI (Reuters) – Finance heads from the world’s leading economies will confront fresh fears about protectionism when they meet in China this weekend, with Brexit fallout and dwindling policy options to boost global growth expected to dominate talks…
