BP says taking more oil from Iraq as payment
ABU DHABI (Reuters) – BP has been lifting more crude oil cargoes in the past couple of months as payment for its work in southern Iraq, and is comfortable with that level of shipments, a senior executive of the oil company said on Monday.
HSBC to look at best place for HQ when ‘mist lifts’ on regulation
LONDON (Reuters) – HSBC Holdings Plc will look at whether to move its headquarters from London once the regulatory environment becomes clearer, the chairman of Europe’s biggest bank said on Monday.
Japan, U.S. in for tough bilateral trade talks over rice, autos
TOKYO (Reuters) – Japan and the United States continued the second of two days of tough trade talks on Monday that could pave the way for a broader trans-Pacific agreement, although Tokyo shrugged off expectations of a bilateral deal in time for a summ…
Union seeks injunction from labor board over Wal-Mart store closings
(Reuters) – The United Food and Commercial Workers International Union (UFCW) said it planned to seek an injunction from the National Labor Relations Board on Monday compelling retailer Wal-Mart to rehire 2,200 employees at five recently closed stores….
Fed funds rate holds at 0.13 percent
NEW YORK (Reuters) – The U.S. federal funds rate <USONFFE=>, which banks charge each other to borrow their excess reserves, averaged 0.13 percent on Friday for a fourth straight day, Fed data released early Monday showed.
Japan’s Daiichi Sankyo launches up to $3.6 billion stake sale in India’s Sun Pharma
MUMBAI (Reuters) – Japan’s Daiichi Sankyo Company Ltd is selling its stake worth up to $3.6 billion in Indian drugmaker Sun Pharmaceutical Industries Ltd , a person directly involved in the deal said on Monday.
Indonesia’s Widodo to investors: if you have a problem, call me
JAKARTA (Reuters) – President Joko Widodo urged investors on Monday to come to Indonesia, promising “incredible profits” and assuring them that if they run into any problems they can give him a call.
Turnover explosion at Shanghai stock exchange has too many zeros for software
SHANGHAI (Reuters) – China’s stock trading fever has made the Shanghai Stock Exchange the world’s biggest in terms of turnover, surpassing the New York Stock Exchange, but the explosion in volumes has exceeded the ability of the exchange’s software to …
China makes big cut in bank reserve requirement to fight slowdown
BEIJING (Reuters) – China’s central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world’s second-biggest economy to help spur bank lending and combat slo…
European shares up after China stimulus fails to lift Asia
LONDON (Reuters) – Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default…
