BP’s oil search strategy shrinks with budget cuts
LONDON (Reuters) – The surprise departure of BP’s exploration boss has turned the spotlight on an oil search strategy that, after years of spending cuts, is focusing mainly on expanding existing fields rather than venturing expensively into the unknown…
Slumping Japan exports, factory orders add to headaches for PM Abe, BOJ
TOKYO (Reuters) – Japan’s exports fell sharply in April and manufacturing activity suffered the fastest contraction since Prime Minister Shinzo Abe swept to power in late 2012, providing further evidence that the premier’s Abenomics stimulus policy is …
Wanda’s Wang aims barbs at Disney ahead of Shanghai park opening
SHANGHAI (Reuters) – The billionaire head of China’s Wanda Group said rival Walt Disney faces high costs and other hurdles at its first mainland theme park opening in June, a rare public criticism that underlines rising tension as firms vie for the fa…
Exclusive: Tribune Publishing to reject Gannett offer, will share info – sources
(Reuters) – Tribune Publishing Co has decided to reject Gannett Co Inc’s latest $864 million takeover proposal, but will agree to share confidential information with the U.S. newspaper company, people familiar with the matter said on Sunday.
To halt smartphone slide, Samsung rewrites playbook
SEOUL (Reuters) – From the way it chooses smartphone components to the models it brings to market, Samsung Electronics has undergone a painful process of breaking from its past to reverse a slide in its handset business.
Sumner Redstone plans to add National Amusements executive to trust: sources
(Reuters) – Media mogul Sumner Redstone is planning to name National Amusements Inc general counsel Tad Jankowski to the seven-person trust that will determine the fate of both Viacom and CBS in the event of Redstone’s incapacitation or death, sources …
Australia watchdog appeals $1.2 million Reckitt Benckiser fine as too light
MELBOURNE (Reuters) – Australia’s competition watchdog has filed an appeal against a fine of A$1.7 million ($1.2 million) imposed on British consumer goods giant Reckitt Benckiser for misleading consumers on painkiller marketing, arguing that it is too…
China’s Premier urges less red tape to bolster economy: Xinhua
SHANGHAI (Reuters) – China should reduce red tape to ensure the development of a healthy economy, the official Xinhua news agency reported Premier Li Keqiang as saying.
UK advisers struggling with Chinese stock listings: survey
LONDON (Reuters) – Almost two-thirds of the advisory firms who assist in stock exchange listings in London say they are struggling to guide Chinese firms through the process, a survey showed, in the latest sign of problems with such initial public offe…
Iran has no plans to freeze oil exports, official says ahead of OPEC meeting
DUBAI (Reuters) – Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted on Sunday as saying, as the country tries to raise its crude exports to pre-sanctions levels.
