Iran-Saudi row threatens any OPEC deal, puts role in question
LONDON/DUBAI (Reuters) – OPEC’s thorniest dilemma of the past year – at least from a purely oil standpoint – is about to disappear.
Novartis willing to sell Roche stake without demanding premium – CEO
ZURICH (Reuters) – Swiss drugmaker Novartis is ready to sell its near $14 billion stake in rival Roche without demanding a premium, Chief Executive Joe Jimenez said on Wednesday.
Global stocks climb as Brexit, Grexit risks ease
LONDON (Reuters) – Easing concerns over several major global risks helped stock markets rise robustly for a second day on Wednesday, underpinned by gains in oil and metals prices and data showing the U.S. economy can deal with a hike in interest rates….
Global watchdog says shadow-banking supervision too patchy
LONDON (Reuters) – Regulators have yet to get a firm handle on the world’s $35 trillion shadow banking sector with supervision and data gathering still too patchy for spotting risks properly, the global Financial Stability Board said on Wednesday.
French drugmaker Sanofi to step up push into China
PARIS (Reuters) – Sanofi will step up its push into China, its second biggest market after the United States, in the next five years as part of a wider expansion into emerging countries, where it sees a large part of its future growth.
Deutsche Telekom sees results of U.S. wireless spectrum auction in second half
COLOGNE, Germany (Reuters) – Deutsche Telekom expects the results of an auction of wireless airwaves in the United States in the second half of the year, its chief executive told shareholders on Wednesday.
Mitsubishi Motors brings in new R&D chief, restates results after scandal
TOKYO (Reuters) – Mitsubishi Motors Corp said a Nissan Motor Co executive would become its head of research and development, part of a management overhaul in the wake of a mileage cheating scandal that also prompted it to restate earnings.
From hinterland to wonderland: China’s ‘teapot’ refinery boomtowns
BOXING, China/BEIJING (Reuters) – For Zheng Ruifeng, the 25-year-old son of a wheat farmer from eastern China, acceptance at a technical school specializing in petrochemical engineering was a life-changing event.
Malaysia’s 1MDB says has made full payment of central bank fine
KUALA LUMPUR (Reuters) – Scandal-hit Malaysian government fund 1Malaysia Development Berhad (1MDB) [TERRN.UL] said on Wednesday it has made full payment of a fine imposed on it by the country’s central bank.
Yokohama days: how hard truths won Mitsubishi Motors a lifeline
TOKYO (Reuters) – As Mitsubishi Motors acknowledged publicly last month that it cheated on fuel economy tests – its third scandal in two decades – its chief, Osamu Masuko, quietly called in on his counterpart at partner Nissan Motor’s headquarters.
