Exclusive: Rosneft cuts output forecast at key Siberian field
MOSCOW (Reuters) – Russia’s Rosneft , the world’s largest listed oil company by output, is cutting its forecast of production at the Vankor field in East Siberia that serves as its main resource base for supplying Asian markets.
India’s Wipro profit beats forecast, but not enough for investors
BANGALORE (Reuters) – Indian IT services exporter Wipro Ltd posted quarterly profit which beat analyst estimates, but that was not enough for investors who sold off its stock on stronger earnings reports from rivals.
ECB says bank health test to strengthen confidence
FRANKFURT (Reuters) – The European Central Bank vowed on Wednesday to submit the euro zone’s top banks to a comprehensive batch of tests next year, staking its credibility on a review that is crucial to rebuilding confidence in the sector.
Exclusive: HTC scales back production lines as cash flow worsens-sources
TAOYUAN, Taiwan (Reuters) – Taiwanese smartphone maker HTC Corp has halted at least one of its four main manufacturing lines, accounting for at least a fifth of total capacity, and is outsourcing production as a sales slump puts pressure on its cash fl…
Heineken cuts profit outlook after eastern Europe tumble
BRUSSELS (Reuters) – Heineken , the world’s third largest brewer, reduced its full-year profit guidance on Wednesday after beer sales in eastern European dropped sharply and slipped in Brazil and in large African markets.
Boeing ups forecast for Northeast Asian aircraft market
TOKYO (Reuters) – Boeing Co on Wednesday raised its forecast for the Northeast Asia aircraft market to 1,360 jets worth $280 billion over the next two decades, compared to a previous forecast for 1,270 planes.
Goldman Sachs hires new Asia Pacific e-trading head from Citi: memo
HONGKONG (Reuters) – Goldman Sachs has hired Ian M. Smith from Citigroup as head of GS Electronic Trading in Asia-Pacific, according to an internal memo seen by Reuters on Wednesday.
JPMorgan close to $6 billion settlement with investors: source
NEW YORK (Reuters) – JPMorgan Chase & Co is nearing an agreement worth close to $6 billion with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.
Exclusive: Cerberus, others explore deal for Safeway – sources
NEW YORK (Reuters) – A handful of buyout firms, including Cerberus Capital Management LP, are exploring a deal for all or part of supermarket chain Safeway Inc , according to people familiar with the matter, in what could potentially shape up to be one…
KCG lays off around 30 people in U.S., 30 in Europe: source
(Reuters) – KCG Holdings Inc laid off around 3 percent of its U.S. workforce and 5 percent of its European staff on Tuesday following a review of its business, which formed in July following the takeover of trading firm Knight Capital by rival firm Get…
