China’s Comac aims for first C919 flight by early 2017: sources
SINGAPORE (Reuters) – Commercial Aircraft Corp of China Ltd (Comac) aims to conduct the first flight of its much-delayed C919 passenger jet around the end of 2016 to early 2017, people close to the aircraft programme told Reuters.
Poland’s ruling party wants central bank chief to head EBRD: media
WARSAW (Reuters) – Poland’s ruling Law and Justice party wants central bank chief Marek Belka to move on at the end of his term and stand as the new president of the European Bank for Reconstruction and Development (EBRD), Puls Biznesu newspaper said o…
Hedge fund investors back equity long-short for 2016: survey
LONDON (Reuters) – Equity funds that can profit from both rising and falling markets and rivals betting on macroeconomic trends are expected to outperform in 2016, a Deutsche Bank survey of investors managing $2.1 trillion in assets showed.
Google is shuttering Google Compare: WSJ
(Reuters) – Google is shuttering Google Compare, its U.S. comparison-shopping site for auto insurance, credit cards and mortgages after one year, the Wall Street Journal reported on Monday, citing people familiar with the matter.
French banks swim against retreating European tide
PARIS (Reuters) – French banks, unlike their European rivals, are vowing to hang on to a broad array of businesses and even grow market share, a strategy backed by long-term investors but penalized by the market.
Chinese investors welcome new regulator, await new regulations
SHANGHAI/BEIJING (Reuters) – China’s new securities regulator Liu Shiyu, a former central banker, has a tough job on his hands – not least managing a huge weight of expectation from millions of small investors smarting from a recent stock market collap…
CVS says 2015 drug spending grew 5 percent, far less than in 2014
NEW YORK (Reuters) – CVS Health Corp said on Tuesday its pharmacy benefit customers spent about 5 percent more on prescription drugs in 2015 than in 2014, a year when drug spending jumped nearly 12 percent.
Car sharing won’t be as disruptive as self-driving cars: study
DETROIT (Reuters) – The growth of car-sharing services will erode traditional manufacturers’ vehicle sales and revenues through 2021, but will not be nearly as disruptive as the rise of self-driving cars later in the decade, a study forecasts.
Valeant to restate results after Philidor review
(Reuters) – Valeant Pharmaceuticals International Inc said it would restate its financial results for 2014 and 2015 after identifying some sales to Philidor that should have been recognized when products were dispensed to patients.
Exclusive: Embattled Mexican builder ICA CEO Quintana leaving post – sources
MEXICO CITY (Reuters) – Alonso Quintana Kawage, chief executive of Mexico’s cash-strapped construction company ICA , is leaving his post, two sources familiar with the matter said, as the company struggles to renegotiate its multi-billion dollar debt l…
