China trade surprise brings relief
LONDON (Reuters) – Stock markets in Europe and Asia rose and oil prices jumped on Wednesday after Chinese trade data cooled concerns over the world’s second biggest economy, steadying money and currency markets in Shanghai and Hong Kong.
From chaos to calm: one year on from Swiss ‘Frankenschock’
ZURICH/LONDON (Reuters) – A year on from “Frankenschock”, when Switzerland’s central bank sent global foreign exchange markets into a frenzy by abruptly ending its cap on the Swiss franc, the currency is one of the most stable in the world.
IBM granted most U.S. patents in 2015, study finds
(Reuters) – International Business Machines Corp was granted the most U.S. patents for the 23rd year in a row in 2015, according to a ranking by patent analysis firm IFI Claims Patents Services.
China holds line on yuan, stocks weaken again
SHANGHAI (Reuters) – China’s central bank held the line on its yuan for a fourth straight session on Wednesday while putting the squeeze on offshore sellers of the currency, calming fears of a sustained depreciation – at least for now.
Qualcomm, TDK form $3 billion JV to make components used in wireless tech
(Reuters) – Chipmaker Qualcomm Inc and Japan’s TDK Corp said they have formed a $3 billion joint venture to supply key components and modules used to communicate wirelessly with devices like smartphones, drones, robots and Internet of things.
Oil’s slide below $30 sends shockwaves far and wide
NEW YORK (Reuters) – U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S. shale firms, spur more belt-tightening by oil majors and spell more pain for crude-producing nations and regions.
Anthem targets $3 billion in drug cost savings with Express Scripts
(Reuters) – Anthem Inc could save $3 billion annually on drug costs from a re-pricing provision in its current contract with pharmacy benefits manager Express Scripts Holding Co, the health insurer’s chief executive officer said Tuesday.
Philippines’ San Miguel eyes SABmiller’s Grolsch and Peroni
MANILA (Reuters) – Philippine conglomerate San Miguel Corp said on Wednesday it is interested in acquiring SABMiller PLC’s Grolsch and Peroni beer brands, its President Ramon Ang told Reuters.
China December exports, imports fall much less than expected
BEIJING (Reuters) – China’s total trade in December shrank much less than expected, but still likely consigned the economy to its weakest annual growth in 25 years.
Aetna CEO says he is not giving up on public insurance exchanges
(Reuters) – The chief executive of Aetna Inc on Tuesday said the health insurer is not about to withdraw from the public health exchange market, even after losing money on the business last year.
