Saudi Aramco boosting market share as it prepares for listing: CEO
KHOBAR, Saudi Arabia (Reuters) – Saudi oil giant Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview, as it acts as a “bridge” to a future when the nation relies less on energy exports.
Singapore court revokes bail decision for ex-BSI wealth manager
SINGAPORE (Reuters) – A former wealth manager of troubled Swiss private bank BSI was denied bail by the Singapore High Court on Friday and will await his trial in prison for two of the nine charges that are part of the city-state’s investigations into …
Dollar rises as world stock markets hold steady
LONDON (Reuters) – The U.S dollar rose on Friday while world stock markets were steady, as investors braced for the likelihood of a hike in U.S. interest rates in coming months.
Adidas sells U.S. apparel firm Mitchell & Ness
FRANKFURT (Reuters) – Adidas said it had agreed to sell U.S. sportswear seller Mitchell & Ness, resulting in a one-time gain in a the low to medium double-digit million euro range.
Japan expands Takata air bag recall by about 7 million vehicles
TOKYO (Reuters) – Japan’s transport ministry said on Friday automakers will recall about an additional 7 million cars equipped with Takata Corp air bag inflators without a drying agent by March 2019, bringing the total recalled in the country to 19.6 …
U.S. panel launches trade secret theft probe into China steel
WASHINGTON/SHANGHAI (Reuters) – U.S. regulators on Thursday launched an investigation into complaints by United States Steel Corp that Chinese competitors stole its secrets and fixed prices, in the latest trade spat between the two countries.
Valeant rejected joint takeover bid from Takeda, TPG in spring: source
(Reuters) – Valeant Pharmaceuticals International Inc received a joint takeover offer from Japan’s Takeda Pharmaceutical Co Ltd and TPG Capital Management LP [TPG.UL] this spring that the Canadian drugmaker rejected, according to a source familiar wi…
Trump vows to undo Obama’s climate agenda in appeal to oil sector
BISMARCK, N.D. (Reuters) – Donald Trump, the presumptive Republican presidential nominee, promised on Thursday to roll back some of America’s most ambitious environmental policies, actions that he said would revive the ailing U.S. oil and coal industri…
Short sellers circle Alibaba amid SEC probe
NEW YORK (Reuters) – Alibaba Group Holding Ltd , which disclosed it is under investigation for its accounting practices, has emerged as one of the short-selling community’s favorite targets in the relatively short time it has been in the public market….
Exclusive: Verizon turns to former Yahoo bankers for bid – sources
NEW YORK/SAN FRANCISCO (Reuters) – Verizon Communications Inc is working on its bid for Yahoo Inc’s core assets with an investment bank which was, as recently as last year, one of the U.S. internet company’s top advisers, people familiar with the matte…
