Oil prices bounce after OPEC reaffirms plan to cut output
Oil prices rose by over 1 percent on Monday, pushed up by a statement from the producers’ club OPEC that it was committed to a deal made in September to cut output in order to…
Articles by Stephanie
Tesla’s merge with SolarCity would contribute to 2017 revenue
Tesla Motors Inc’s merger deal with SolarCity Corp will add over million in cash to the electric carmaker’s balance sheet over the next three years, contributing over $1 million in revenue in 2017, according to Tesla Chief…
Oil prices rise from one-month lows after OPEC approves strategy
Oil prices rose from one-month lows in Asian trading on Tuesday after OPEC agreed on a long-term strategy that was seen as an indication the cartel was reaching a consensus on managing production. But further…
Two of China’s Big Five banks consider new debt-for-equity swap units
Two of China’s largest state banks are considering setting up new companies for the purpose of handling debt-to-equity swaps, officials at the two lenders said, in the latest steps taken to mitigate the heavy debt…
Britain wants to secure tariff-free trade for auto industry after Brexit
Britain will aim to achieve tariff-free trade with Europe for the auto industry and other manufacturers after the country leaves the European Union, Business Secretary Greg Clark said on Sunday. Clark said he had outlined…
EU holds up ChemChina’s $43 billion acquisition of Syngenta
European Union antitrust regulators opened an in-depth investigation into state-owned Chinese chemicals group ChemChina’s $43 billion(£35.42 billion) bid for Swiss pesticides and seeds group Syngenta, China’s biggest-ever foreign acquisition. Syngenta’s shares plunged over 9 percent…
EpiPen price hikes add millions to Pentagon costs
Mylan NV’s price hikes on EpiPens have added millions to U.S. Department of Defense spending since 2008 as the agency covered more prescriptions for the lifesaving allergy shot at near retail prices. Pentagon spending rose…
Lloyds Banking Group posts £1.9bn profit despite Brexit
Lloyds Banking Group has reported that third-quarter profits have for the larger part remained unchanged since the previous financial year, confounding initial expectations of a sharp squeeze on earnings caused by Britain’s surprise vote to quit…
AT&T, Time Warner shares dip with worries about deal clearance
Wall Street signalled scepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion (69.87 billion pounds) acquisition of Time Warner Inc, with shares of both companies…
Samsung offers upgrade program for South Korea Note 7 customers
Samsung Electronics Co Ltd is offering an upgrade program to Galaxy Note 7 customers in South Korea who trade in their recalled device for a Galaxy S7 phone, marking its latest bid to hang on…