India’s Tata Motors to rename hatchback that sounds like Zika
MUMBAI (Reuters) – The rapidly-spreading Zika virus has an unlikely victim – Indian carmaker Tata Motors Ltd .
Oil slips below $33 as hopes for production cut fade
LONDON (Reuters) – Oil fell around 4 percent on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded.
A new global oil deal could draw lessons from 1998
LONDON (Reuters) – After a year of secret diplomacy and hushed-up private talks around the world, OPEC’s mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed ris…
Global stocks snap winning streak as oil pressure returns
LONDON (Reuters) – World stocks dipped after a three-day run of gains and emerging markets were back under pressure on Tuesday, as a sharp drop in oil prices following lacklustre economic data sparked renewed nerves.
GSK and J&J back $1 billion biotech spin-off from Index Ventures
LONDON (Reuters) – Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion (695 million pounds) business, with backing from drug giants GlaxoSmithKline and Johnson & Johnson .
A new global oil deal could draw lessons from 1998
LONDON (Reuters) – After a year of secret diplomacy and hushed-up private talks around the world, OPEC’s mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed ris…
China shares end higher, yuan fixed firmer
SHANGHAI (Reuters) – Chinese shares ended higher on Tuesday, and the country’s central bank guided the yuan to its highest daily fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays.
Exclusive: Travel insurer says sales soar on Zika fears
NEW YORK (Reuters) – Travel insurance sales for trips to Latin America have surged as vacationers consider scrapping their plans to avoid the rapidly spreading Zika virus, one of the top U.S. providers, RoamRight, told Reuters on Monday.
Yahoo to cut 15 percent jobs, close several units: WSJ
(Reuters) – Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 percent of the company’s workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday.
Alphabet profit sends shares up; overtakes Apple in value
(Reuters) – Alphabet Inc easily beat Wall Street’s quarterly profit forecasts on Monday, helped by strong mobile advertising sales, sending the shares of Google’s parent higher in after-hours trading to surpass Apple Inc as the most valuable U.S. compa…
