Valero pumps out strong profit as refining margins rise
(Reuters) – U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit, helped by robust demand for refined products and lower crude costs.
Global shares rise as Riksbank helps ease Fed wait
LONDON (Reuters) – European stocks rose for the first time in three sessions on Wednesday after Sweden’s central bank increased its bond-buying but other assets were steady as investors wait to see if the Federal Reserve will clarify its rate hike plan…
Walgreens to buy rival Rite-Aid for $9.4 billion
(Reuters) – Drugstore chain Walgreens Boots Alliance Inc said on Tuesday it would acquire smaller peer Rite Aid Corp for $9.4 billion to widen its footprint in the United States and negotiate for lower drug costs.
Barclays says to pay new chief Staley up to $12.6 million a year
LONDON (Reuters) – Barclays Plc said it will pay incoming chief executive James “Jes” Staley up to 8.24 million pounds ($12.6 million) a year after appointing the former JPMorgan investment bank boss to one of the most prominent posts in British busine…
China Oct official PMI seen edging up to 50.0 but still tepid
BEIJING (Reuters) – Activity in China’s manufacturing sector likely picked up slightly in October but remained subdued, a Reuters poll showed, fuelling hopes that the world’s second-largest economy may be bottoming out after a burst of stimulus measure…
Toyota chief says would be wrong for diesel use to fall due to VW scandal
TOKYO (Reuters) – Toyota Motor Corp’s president said that it would be wrong for diesel use to fall as a result of the Volkswagen emissions scandal and that Toyota would continue to use diesel engines in vehicles where appropriate, such as in trucks.
AB InBev, SABMiller extend takeover deadline to Nov 4
BRUSSELS (Reuters) – Brewer SABMiller Plc has extended the deadline for rival Anheuser-Busch InBev to make a formal $100 billion-plus takeover offer by a week.
Sub-zero interest rates have floor nearby, albeit a shaky one
LONDON (Reuters) – Zero is clearly not the floor for central bank interest rates, but there’s still a lower limit nearby, however shaky it may be.
Auto power play: Japan’s hydrogen car vs China’s battery drive
TOKYO/DETROIT (Reuters) – Asia’s two autos powerhouses, Japan and China, are jostling for supremacy in how future electric cars should generate their power – from batteries or hydrogen-powered fuel-cells.
Honda to meet China sales targets, but outlook uncertain: CEO
TOKYO (Reuters) – Honda Motor Co is confident it can achieve its 2015 sales target of 950,000 cars in China, but is cautious about increasing production in the world’s No.2 economy given the uncertain economic outlook, Chief Executive Officer Takahiro …
