Monsanto tells Syngenta investors it wants more info to refine value
(Reuters) – Monsanto has ruled out raising its non-binding $45 billion offer for Swiss rival Syngenta unless the target company gives it access to business data.
Emirates airline sees more opportunities to fly in Europe
NEW YORK (Reuters) – Emirates airline [EMIRA.UL] sees an opportunity to increase direct flights from Europe to cities other than its Dubai hub, but its chief executive said he is concerned about harming struggling European carriers.
Apple Music cautiously embraced by record industry
SAN FRANCISCO (Reuters) – A decade ago, Apple Inc helped revitalize a music industry hit hard by online piracy with its iTunes Store. Now, amid a steady slump in digital downloads, the industry is hopeful that the tech giant’s new streaming service wil…
World Bank sees slower global growth, urges Fed to wait on rates
WASHINGTON (Reuters) – The World Bank on Wednesday cut its global growth outlook for this year and urged countries to “fasten their seat belts” as they adjust to lower commodity prices and a looming rise in U.S. interest rates.
BMW touts computing power more than horsepower in new 7-series
MUNICH (Reuters) – German luxury carmaker BMW unveiled its new flagship sedan, the 7-series, touting the car’s digital prowess more than the number of cylinders and repositioning the sportscar brand for an era of low emissions.
Bill Gross on CNBC says his ‘best idea’ is Mexican government debt
NEW YORK (Reuters) – Bill Gross of Janus Capital Group Inc said on CNBC Wednesday that his “best idea” is Mexican government debt securities.
Alibaba’s Ma sees $1 trillion in transactions in five years
(Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd is aiming to more than double its transaction volumes to more than $1 trillion in five years, Executive Chairman Jack Ma told a conference in Chicago on Wednesday.
U.S. posts budget deficit of $82.4 billion in May
WASHINGTON (Reuters) – The United States posted a budget deficit of $82.4 billion in May, a 37 percent drop from the same period last year, the U.S. Treasury Department said on Wednesday.
Citigroup’s FX deals might have made only $1 million but cost $2.5 billion
NEW YORK (Reuters) – Employee misconduct in foreign exchange trading that cost Citigroup Inc $2.5 billion in fines and penalties might have made only $1 million for the bank, an executive said on Wednesday.
U.S. services data suggest upward revision to first-quarter GDP
WASHINGTON (Reuters) – The U.S. economy was probably not as weak as has been reported in the first quarter, with data on Wednesday showing slightly stronger consumer spending than previously estimated.
