Dow Chemical to cut 2,500 jobs as part of Dow Corning deal
(Reuters) – Dow Chemical Co said it would lay off about 2,500 employees globally, or about 4 percent of its workforce, as part of a deal to assume full control of Dow Corning, which was a joint venture with Gorilla glass maker Corning Inc .
China’s Li won’t allow ‘rollercoaster’ markets after Brexit
BEIJING (Reuters) – Chinese Premier Li Keqiang said on Tuesday he wouldn’t allow the post-Brexit panic that roiled global currencies and stocks to send the country’s financial markets into a tailspin, an indication authorities would intervene if needed…
UK will need to raise taxes after EU vote: finance minister Osborne
LONDON (Reuters) – Britain will need to raise taxes and cut spending later this year to stabilize the public finances after last week’s shock vote to leave the European Union, finance minister George Osborne said on Tuesday.
South Korea antitrust regulator says investigating Apple on ‘some matters’
SEOUL (Reuters) – South Korea’s Fair Trade Commission (FTC) is investigating “some matters” relating to tech giant Apple Inc , the head of the anticompetition body said during a parliamentary hearing, without disclosing further details.
Japan eyes help for small business in stimulus plan after Brexit
TOKYO (Reuters) – Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain’s shock vote to leave the European Union, Economy Minister Nobuteru Ishihara said on Tuesday.
Takata boss says he’ll step down once ‘new regime’ is in place
TOKYO (Reuters) – Takata Corp’s chief executive said he will resign after a “new management regime” is found, finally bowing to calls for change so that the auto parts supplier can move ahead in dealing with a multi-billion dollar airbag recall.
UK’s Osborne says taxes will rise, spending will be cut after Brexit
LONDON (Reuters) – Finance minister George Osborne said on Tuesday that Britain would have to raise taxes and cut spending to deal with the economic challenge posed after Britons voted to leave the European Union.
Uber, Lyft settle litigation involving top executives
SAN FRANCISCO (Reuters) – Rival ride services Uber and Lyft have settled high stakes litigation involving two of their top executives, court filings show, in advance of a trial that could have aired sensitive details about both companies.
U.S.-UK alliance seen outweighing Brexit trade concerns
WASHINGTON (Reuters) – The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries’ close diploma…
Pfizer to invest $350 million in China biotech hub, first in Asia
SHANGHAI (Reuters) – Pfizer Inc will invest $350 million to build a biotech center in China, the latest in a series of moves by pharma industry giants to set up shop in the world’s no. 2 drugs market with the aim of securing faster approvals for their…
