Toshiba says it is not considering ending PC production
TOKYO (Reuters) – A Toshiba Corp said on Tuesday it was not considering withdrawing from personal-computer production and selling its Hangzhou factory in China.
Late-day buying could be start of turnaround
NEW YORK (Reuters) – As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end.
Shell pursues transition plan after sealing $53 billion BG deal
LONDON (Reuters) – Royal Dutch Shell on Monday sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group to form the world’s top liquefied natural gas company, even as slumping oil prices cast a shadow on the upcoming years of tr…
ECB ready to act, keeps eye on bank stocks, oil prices: Draghi
BRUSSELS/FRANKFURT (Reuters) – The European Central Bank is ready to ease policy further in March, President Mario Draghi said on Monday, highlighting risks from financial market volatility, a global slowdown in growth and low oil prices.
HSBC keeps headquarters in London, rejects move to Hong Kong
LONDON/HONG KONG (Reuters) – Banking group HSBC Holdings has decided to keep its headquarters in Britain, rejecting the option of shifting its center of gravity back to main profit-generating hub Hong Kong after a 10-month review.
Pets are comforting, but shares of pet-focused companies may not be
(Reuters) – Come economic rain or shine, Americans spend $60 billion a year on their pets, a fact that has led investors to seek shelter in pet company shares when the stock market goes to the dogs.
UBS rates bankers’ behavior in performance review revamp: sources
ZURICH/LONDON (Reuters) – Swiss bank UBS has begun scoring employees specifically on their behavior, meaning year-end bonuses could be affected by whether they act ethically or are team players, two sources familiar with the policy said on Monday.
Global shares climb as firmer Chinese yuan eases deflation fears
LONDON (Reuters) – World stocks rose sharply on Monday as China’s central bank fixed the yuan at a much stronger rate and oil cemented recent gains, easing fears of global deflation.
EU regulators to examine lawmakers’ report on IKEA taxes
BRUSSELS – European Union state aid regulators will examine a report by a group of EU lawmakers accusing Swedish furniture retailer IKEA [IKEA.UL] of avoiding paying at least 1 billion euros ($1.1 billion) in taxes over a six-year period.
Russia says better Iran-Saudi Arabia ties would help oil prices: RIA
MOSCOW (Reuters) – Russia wants to see improved relations between Iran and Saudi Arabia at a time when joint action is needed to influence global oil prices, the RIA news agency on Monday quoted Zamir Kabulov, a senior official at Russia’s Foreign Mini…
