Oil rout over, OPEC aims for $50 anchor, says PIRA’s Ross
(Reuters) – Major OPEC producers are privately starting to talk about a new oil price equilibrium of $50 a barrel, adding to signs that the market’s long, deep rout is officially over, says one of the industry’s leading prognosticators.
UK business chief quits, accuses PM Cameron of EU exit ‘hyperbole’
LONDON (Reuters) – The head of a prominent British business lobbying group has quit his post after speaking in favor of Britain’s exit from the European Union and has accused Prime Minister David Cameron of trying to scare voters into supporting contin…
BASF shares fall after report it is weighing DuPont bid
FRANKFURT (Reuters) – Shares in BASF fell after a media report that the world’s top chemicals group by sales was evaluating a counter bid for DuPont , which late last year agreed to merge with Dow Chemical .
German economy ministry says trusts VW to clear up emissions scandal
BERLIN (Reuters) – Germany’s Economy Ministry is counting on an internal investigation at carmaker Volkswagen to get to the bottom of a scandal over the rigging of emissions tests, a spokeswoman for the ministry said.
India tribunal halts Diageo’s $75 million payment to liquor baron Mallya
BENGALURU (Reuters) – An Indian tribunal has temporarily halted a $75 million settlement due to be paid by spirits giant Diageo Plc to liquor baron Vijay Mallya, after he resigned as chairman of Diageo unit United Spirits .
Japan central bank to cut next fiscal year’s growth, price estimates
TOKYO (Reuters) – The Bank of Japan (BOJ) is expected to cut next fiscal year’s economic and price forecasts at a quarterly review in April, sources say, reflecting growing gloom in the bank after its most recent stimulus measures fell on stony ground….
Two years on, questions still cloud future of Malaysia Airlines
SINGAPORE/KUALA LUMPUR (Reuters) – Two years after twin air crashes that left its brand in tatters, Malaysia Airlines is still a company in limbo.
Venezuela uses distressed bonds to settle debts with drugmakers
CARACAS/LONDON/BOSTON (Reuters) – Venezuela has settled debts with at least three global drug companies by giving them bonds that trade at a heavy discount, a further sign of the OPEC nation’s worsening financial crisis.
Mahindra re-thinking Ssangyong plan, wants to make cars in China
NEW DELHI/BEIJNG (Reuters) – Indian conglomerate Mahindra & Mahindra is re-thinking the strategy for its loss-making Korean automaker Ssangyong Motor Co , tapping the brakes on its planned push into the United States to focus instead on China.
China says economy will ‘absolutely not’ experience hard landing
BEIJING (Reuters) – China’s economy isn’t headed for a hard landing and isn’t dragging on the global economy, China’s top economic planner said on Sunday, but uncertainty and instability in the global economy do pose a risk to the country’s growth.
