Sub-zero central banks may just chase inflation expectations lower
LONDON (Reuters) – Hyperactive central banks warn of ‘unmoored’ inflation expectations but may well be weighing the anchor themselves.
IBM plans to sell up to $150 million worth of Lenovo Group shares: IFR
HONG KONG (Reuters) – Computing giant International Business Machines Corp (IBM) plans to sell up to $150 million worth of shares in China’s Lenovo Group Ltd , IFR reported on Wednesday, citing a term sheet of the deal sent to investors.
Statoil and ExxonMobil win Irish oil licenses
OSLO (Reuters) – Oil majors Statoil and ExxonMobil have been awarded six options to search for oil and gas offshore Ireland in the country’s latest licensing round, Statoil said on Wednesday.
Fiat Chrysler to recall voluntarily 2,496 cars in Russia
MOSCOW (Reuters) – Fiat Chrysler will recall voluntarily in Russia 2,496 Jeep Cherokee and Jeep Commander cars, Russia’s technical safety watchdog Rosstandart said on Wednesday.
Nippon Life likely to increase FX-hedged foreign bond investment
TOKYO (Reuters) – Nippon Life Insurance Co, Japan’s biggest private life insurer, is likely to have no choice but to increase currency-hedged foreign bond investment as domestic bond yields have plunged to negative levels, its chief investment officer …
S&P: Large Japan economic stimulus would raise concerns
TOKYO (Reuters) – Japan’s government is unlikely to be able to launch a stimulus package to support its struggling economy without raising concerns about the size of its spending, ratings agency Standard & Poor’s said on Wednesday.
London Calling? ICE’s Sprecher eyes options
NEW YORK (Reuters) – Jeffrey Sprecher has defined his career by buying up rivals of Intercontinental Exchange Inc, the company he founded as an upstart in 2000. Now he is at it again.
China Resources Beer gains SABMiller stake in China Snow at bargain price
HONG KONG (Reuters) – China Resources Beer will pay $1.6 billion to buy out SABMiller Plc’s stake in their China Resources Snow Breweries venture, a much lower price than expected and sending shares in the state-backed firm soaring by a quarter in valu…
Boeing exec says new mid-market is ‘tough business case’
PHOENIX (Reuters) – Boeing Co is studying options for an aircraft in the middle of the jet market, but faces a “tough business case,” Marketing Vice President Randy Tinseth said.
Exclusive: SEC probe of Valeant began with review of short seller – sources
NEW YORK (Reuters) – A U.S. regulatory probe of Valeant Pharmaceuticals International Inc , disclosed by the company on Monday, is focused on the drugmaker’s relationship with specialty pharmacy Philidor RX Services and was triggered by Valeant’s own request that regulators investigate a short seller’s allegations, people familiar with the matter said.
