Imperial Tobacco to change name to Imperial Brands
LONDON (Reuters) – Imperial Tobacco Group said on Tuesday it plans to change its corporate name to Imperial Brands, subject to approval by its shareholders at its annual general meeting in February.
Rio Tinto CEO says high-cost iron ore miners squeezed by low prices – TV
(Reuters) – High-cost iron ore producers are “hanging on by their fingernails”, Rio Tinto Chief Executive Officer Sam Walsh said on Tuesday, as miners fight for survival in the face of falling metal prices amid a glut and weak demand.
SMFG agrees to buy GE’s Japan leasing business for $4.8 billion
TOKYO (Reuters) – Sumitomo Mitsui Financial Group Inc (SMFG) agreed to buy General Electric’s Japanese leasing business for $4.8 billion, the two companies said on Tuesday.
Hong Kong watchdog fines JPMorgan for dark pool, control failures
HONG KONG (Reuters) – Hong Kong’s securities watchdog said on Tuesday it had fined JPMorgan HK$30 million ($3.87 million) for a range of control failures, including breaches in its dark pool business.
China ready to moderate sharp offshore yuan falls: sources
BEIJING (Reuters) – China’s central bank is on guard against a sudden attack on the yuan in offshore markets, and is ready to intervene if the gap between offshore and onshore exchange rates becomes destabilizing, sources involved in policy discussions say.
U.S. trade body declines Nvidia’s review petition against Samsung
(Reuters) – A U.S. trade body on Monday upheld its earlier decision that rejected Nvidia Corp’s claims of patent violation by Samsung Electronics Co and Qualcomm Inc over use of Nvidia’s graphics chip technology.
Exclusive: StanChart axes senior bankers in energy M&A team – sources
HONG KONG/SINGAPORE (Reuters) – Standard Chartered plc has axed at least half a dozen oil and gas advisory banking roles in recent weeks, ending an eight-year attempt to build a global energy M&A team as new CEO Bill Winters moves to rein in costs, people familiar with the matter said.
U.S. brands tap European auto recovery as Volkswagen left behind
PARIS (Reuters) – European car sales rose 13.7 percent in November, according to industry data published on Tuesday, with U.S. brands recording strong gains as Volkswagen continued to pay the price of its diesel emissions test-rigging scandal.
Russia’s agency says 6,635 Jeep Grand Cherokee cars recalled
MOSCOW (Reuters) – Russian state standards agency Rosstandart said on Tuesday it had been informed about the recall of 6,635 Fiat Chrysler Automobiles’ Jeep Grand Cherokee cars over a pump relay issue.
Hyundai Motor chairman says auto market 2016 outlook ‘not bright’
SEOUL (Reuters) – The outlook for the global auto market is “not bright” next year, Hyundai Motor Group Chairman Chung Mong-koo said on Tuesday, indicating 2016 will be another challenging year for the world’s fifth-largest automaker.
