Apple faces local battles as its prepares global payments push
FRANKFURT (Reuters) – Apple has made mobile payments look easy, after a decade of mostly failed experiments by banks, telecom operators and retailers to woo consumers away from cards and cash.
BMW recalls 53,000 X3s in China on risk of short circuit
BEIJING/FRANKFURT (Reuters) – BMW AG will recall 53,317 imported X3 models in China because a fault in the engine wiring harness and fuel supply system could cause the vehicles to short circuit, the country’s top safety regulator said Wednesday.
One $70 billion deal, just three advisers for Shell and BG
LONDON (Reuters) – Royal Dutch Shell’s $70 billion takeover of British energy firm BG stands out because only two investment banks and a boutique firm were selected for the advisory work.
Oil & gas mega-merger keeps global stocks fizzing
LONDON (Reuters) – Global stocks remained upbeat on Wednesday as a $70 billion mega-deal in the European oil and gas sector stoked the merger and acquisition fever that has gripped investors this week.
U.S. mortgage applications rise in latest week : MBA
NEW YORK, (Reuters) – Applications for U.S. home mortgages rose last week as interest rates declined, an industry group said on Wednesday.
Shanghai-Hong Kong stock connect sees record turnover
SHANGHAI/HONG KONG (Reuters) – Chinese investors, for the first time, used the entire 10.5 billion yuan ($1.7 billion) daily quota in a cross-border program buying Hong Kong stocks, boosting turnover under the Shanghai-Hong Kong Stock Connect to a reco…
Learning Mandarin in the tundra – Russia invites China into oil business
VANKOR/SUZUN OIL FIELDS, Russia (Reuters) – Russia’s freezing north has never been the most welcoming place for foreign travelers, and its onshore oil riches have always been state secrets. But when the order comes from the Kremlin to open up, people o…
Greece has not asked Russia for aid, Greek official says
MOSCOW (Reuters) – Greece has not asked Russia for money to help cope with its debt and financial problems and wants to resolve them within the European Union, a Greek government official said on Wednesday.
Wall Street sanguine as it heads into worst earnings season in six years
NEW YORK (Reuters) – Wall Street is greeting what is expected to be the worst earnings season since 2009 with a gigantic shrug.
Shell seeking to buy BG in first oil super-merger in over a decade
(Reuters) – Royal Dutch Shell is in advanced talks to buy BG Group in the first oil super-merger in more than a decade, seeking to extend its lead in gas production and close the gap with the world’s biggest oil major, U.S. ExxonMobil .
