UPS-backed Rwandan blood deliveries show drones’ promise, hurdles
(Reuters) – International delivery company UPS is backing a start-up using drones in Rwanda to transport life-saving blood supplies and vaccines, underlining the wide potential for the unmanned aircraft and helping bring package delivery by drone to U….
Simpler merger code to further boost China’s overseas M&A push
HONG KONG (Reuters) – China is planning to remove the need for State Council approval for large, sensitive outbound deals and will allow Chinese companies to vie for the same target, a move likely to further boost record overseas acquisitions by Chines…
Japan first-quarter GDP growth expected to be paltry on soft consumer spending
TOKYO (Reuters) – Japan’s economy is expected to have barely grown in the first quarter, a Reuters poll showed on Monday, as stagnant consumer spending and wobbly financial markets keep expectations for more government stimulus measures alive.
China names Dai Houliang as general manager of Sinopec Group
BEIJING (Reuters) – China’s assets regulator has named long-serving company executive Dai Houliang as general manager for state-run China Petrochemical Group (Sinopec Group) to replace Wang Tianpu, who is under investigation for bribery and abuse of po…
Japan ready to intervene if yen moves too volatile: Aso
TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Monday that Tokyo is ready to intervene in the currency market if yen moves are volatile enough to hurt the country’s trade and economy.
China trade may sway Fed’s rate decision
LONDON (Reuters) – The Federal Reserve’s debate over whether to raise U.S. interest rates in June may be decided in the coming week, as investors look for any cracks in China and evidence of a solid start to the second quarter in the United States.
Honda to recall 20 million more Takata airbags: Nikkei
TOKYO (Reuters) – Honda Motor Co on Monday said it had not made any announcements on additional air bags recalls after the Nikkei newspaper reported it would recall at least 20 million more of the safety devices made by Takata Corp .
Startup looks to connect breached data with those facing likely fraud
SAN FRANCISCO (Reuters) – As the continuing parade of mass data breaches increases the opportunities for miscreants to use grabbed credentials for all manner of fraud, it is also driving defenders to seek new ways to connect the dots and stop secondary…
Seven & i’s new head keen on advisory role for departing CEO Suzuki
TOKYO (Reuters) – The incoming head of Japan’s Seven & i said he is keen for his predecessor Toshifumi Suzuki, who resigned last month after a power struggle, to become an adviser to the $90 billion retail conglomerate – an olive branch that could help mend a divided board.
Saudi Arabia says to maintain stable petroleum policies
ABU DHABI/KHOBAR (Reuters) – Saudi Arabia’s new energy minister said on Sunday the world’s largest crude exporter was committed to meeting demand for hydrocarbons from its customers and would maintain its petroleum policies.
