Exclusive: Russia to empty one of its sovereign funds next year – ministry proposal
MOSCOW (Reuters) – Russia will exhaust one of its two sovereign funds next year, according to a finance ministry proposal seen by Reuters, having by that point run through $87 billion since the beginning of 2014 to fill holes in the budget left by a sl…
China calls for fair treatment of its companies in takeover deals
BEIJING (Reuters) – China called on other countries to treat its companies “objectively and fairly” in overseas acquisitions bids on Tuesday as Chinese home appliances maker Midea looked set to secure a controlling stake in German robotics giant Kuka …
Worries over China, Brexit push Treasury yields to record low
LONDON (Reuters) – Investors pushed U.S. government bond yields to an all-time low and the yen sharply higher on Tuesday, as soft data from China added to worries about the impact of Britain’s vote to leave the European Union.
Lufthansa Cargo faces yield crisis as slowing global trade pinches
FRANKFURT (Reuters) – Lufthansa Cargo is battling with one of the worst yield crises it’s ever seen, caused by slowing global trade and overcapacity in the market, the freight carrier’s chief executive said.
Renault-Nissan alliance sees savings growth slowing
PARIS/TOKYO (Reuters) – Renault’s carmaking alliance with Nissan achieved record synergies of 4.3 billion euros ($4.8 billion) last year from closer integration, but savings growth is set to slow, a senior executive said.
U.S. shale firms’ first-quarter hedging rush may squeeze margins, spur output
(Reuters) – As oil prices began recovering from 13-year lows early this year, U.S. shale producers ramped up their hedges against another slump on a scale unseen for at least a year, a Reuters analysis of company disclosures shows.
Exclusive: Infidelity website Ashley Madison facing FTC probe, CEO apologizes
TORONTO (Reuters) – The parent company of infidelity dating site Ashley Madison, hit by a devastating hack last year, is now the target of a U.S. Federal Trade Commission investigation, the new executives seeking to revive its credibility told Reuters….
UBS ordered to provide France with tax information
ZURICH (Reuters) – UBS has been ordered by Switzerland’s tax agency to provide France with tax information, the Swiss bank said on Tuesday, adding that it expected other countries to file similar requests.
Big solar is leaving rooftop systems in the dust
(Reuters) – Solar power is on pace for the first time this year to contribute more new electricity to the grid than will any other form of energy – a feat driven more by economics than green mandates.
U.S. office vacancy rate falls to seven-year low
(Reuters) – The U.S. office vacancy rate fell to 16.0 percent in the second quarter, the lowest in seven years, research firm Reis Inc said on Monday.
