Falih charm offensive slowly wins back OPEC for Saudis
VIENNA (Reuters) – Russian oil billionaire Vagit Alekperov isn’t easily swayed, but Saudi Arabia’s new Energy Minister Khalid al-Falih achieved it this week.
China’s Xi says important to conclude investment treaty with U.S.
BEIJING (Reuters) – Chinese President Xi Jinping said on Monday it was important to conclude a bilateral investment treaty with the United States at an early date.
Shoppers’ paradise lost? Singapore’s malls suffer as locals, tourists curb spending
SINGAPORE (Reuters) – After serving only a handful of customers in five hours on a recent weekday, Sam Goh said he was worried the sportswear shop he manages, LIV ACTIV, will eventually join other brands in leaving Singapore’s Orchard Road shopping bou…
As Abenomics struggles, Japan PM pushes ‘equal pay’ to lift economy
TOKYO (Reuters) – When Fumiko Kasai returned to work a decade ago she found Japan’s job market was very different to the one she had left in the 1980s to raise her four children.
After grim payrolls, focus turns to economy
NEW YORK (Reuters) – With a June Federal Reserve interest rate hike likely off the table following Friday’s dismal jobs data, U.S. equity investors may shift their focus again to whether the economy is losing too much steam to allow stocks to advance.
Whole Foods shares poised for rebound: Barron’s
(Reuters) – Shares of upscale supermarket chain Whole Foods Market Inc are likely to rise over the next year, driven by cost cuts that have allowed for more competitive pricing and the launch of a new chain of smaller stores featuring value-priced ite…
Saudi central bank bans use of options against riyal: executive
DUBAI (Reuters) – Saudi Arabia’s central bank has told banks it is banning the use of options and other derivatives to speculate against the riyal, in a new effort to reduce pressure on its currency peg, a senior executive at a Saudi bank told Reuters …
Saudi Real Estate, Starwood agree on Riyadh project
DUBAI (Reuters) – Saudi Real Estate Co has agreed with U.S. firm Starwood Hotels and Resorts to build two hotels next to a district of Riyadh which the government plans to develop into an international business zone.
Lew says excess capacity ‘corrosive’ for China growth
BEIJING (Reuters) – China’s excess industrial capacity will have a “corrosive” impact on its future growth and efficiency unless it is reduced, U.S. Treasury Secretary Jack Lew said on Sunday, adding that it was also causing distortions in global marke…
Chinese target Kuka would assess any European bid: report
BERLIN (Reuters) – German industrial robot maker Kuka would assess a possible European takeover bid but it is wrong to assume such an offer would take priority over the bid by China’s Midea Group Co Ltd’s , Chief Executive Till Reuter told Frankfurter…
