Business News

Turkey will not cut off trade ties to Iran at behest of others, minister says

Reuters Company News - Fri, 06/29/2018 - 04:58
ANKARA, June 29 (Reuters) - Turkey will not cut off trade ties with Iran at the behest of other countries, Turkish Foreign Minister Mevlut Cavusoglu said on Friday, after the United States this week told countries to cut all imports of Iranian oil from November.
Categories: Business News

GLOBAL MARKETS-World stocks jump on lull in trade tensions, euro gets summit boost

Reuters Company News - Fri, 06/29/2018 - 04:33
LONDON, June 29 (Reuters) - World stocks enjoyed a strong bounce on Friday as a recovery in Asian markets spread to European shares after a turbulent week of selling as investors' fears of higher barriers to trade came closer to becoming reality.
Categories: Business News

UPDATE 2-Indivior gets breather after court extends order blocking generic rival

Reuters Company News - Fri, 06/29/2018 - 04:24
* Update on Sublocade will be key to sentiment-Jefferies (Adds share move, analyst comments)
Categories: Business News

Embattled ZTE expected to unveil new board in push for U.S. ban lift

Reuters Biz News - Fri, 06/29/2018 - 04:22
SHENZHEN, China/HONG KONG (Reuters) - Chinese telecoms giant ZTE Corp is expected to announce a radical management overhaul following a shareholder meeting on Friday, in line with conditions laid out in a $1.4 billion settlement deal to lift a crippling U.S. supplier ban.
Categories: Business News

UPDATE 1-Asian rally spreads to European stocks amid trade fears respite

Reuters Company News - Fri, 06/29/2018 - 04:20
* Galapagos plunges on drug trial results (Adds stocks, quotes)
Categories: Business News

UPDATE 1-Embattled ZTE expected to unveil new board in push for U.S. ban lift

Reuters Company News - Fri, 06/29/2018 - 04:16
* Eight new candidates nominated by ZTE's controlling shareholder
Categories: Business News

Gunman held, newspaper publishes a day after five killed in newsroom

Reuters Company News - Fri, 06/29/2018 - 04:14
ANNAPOLIS, Md., June 29 (Reuters) - A gunman who blasted his way through a newsroom in Annapolis, Maryland, with a shotgun, killing at least five people in one of the deadliest attacks on journalists in U.S. history, was in custody on Friday pending charges, authorities said.
Categories: Business News

Kyrgyzstan's parliament to review Centerra agreement in Sept

Reuters Company News - Fri, 06/29/2018 - 04:08
BISHKEK, June 29 (Reuters) - Kyrgyzstan's parliament will review in September an agreement that settles mutual claims with Canada's Centerra Gold, after which environmental payments by the company might grow, parliament speaker Dastan Jumabekov said on Friday.
Categories: Business News

UPDATE 3-Bali airport reopens as volcano rumbles

Reuters Company News - Fri, 06/29/2018 - 04:05
DENPASAR, Indonesia, June 29 (Reuters) - The airport on Indonesia's holiday island of Bali reopened on Friday after ash from a volcano forced a brief closure and the cancellation of more than 300 flights.
Categories: Business News

Asian rally spreads to European stocks amid trade fears respite

Reuters Company News - Fri, 06/29/2018 - 03:50
LONDON, June 29 (Reuters) - European shares strongly rose at the open, following the lead of Asian markets which rallied from nine-month lows as China eased foreign investment limits and provided investors a temporary respite to trade war fears.
Categories: Business News

UPDATE 5-Oil dips as trade rows threaten growth, but market tight

Reuters Company News - Fri, 06/29/2018 - 03:44
* Syncrude outage in Canada disrupts North American market (Updates throughout, changes dateline, previous SINGAPORE)
Categories: Business News

China's Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources

Reuters Biz News - Fri, 06/29/2018 - 01:44
HONG KONG (Reuters/IFR) - China's Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world's biggest tech float in four years, people close to the transaction said on Friday.
Categories: Business News

Novartis to spin off Alcon, will buy back $5 billion in shares

Reuters Biz News - Fri, 06/29/2018 - 01:28
ZURICH (Reuters) - Novartis unveiled its long-expected plan to spin off all of its Alcon eye care devices business and launch a share buyback of up to $5 billion as the company sharpens its focus on prescription drugs, it said on Friday.
Categories: Business News

Embattled ZTE to unveil new board in step toward U.S. ban lift

Reuters Biz News - Fri, 06/29/2018 - 01:09
SHENZHEN/HONG KONG (Reuters) - Chinese telecoms giant ZTE Corp is expected to announce a radical management overhaul following a shareholder meeting on Friday, in line with conditions laid out in a $1.4 billion settlement deal to lift a crippling U.S. supplier ban.
Categories: Business News

UPDATE 2-Oil prices slip on trade frictions, but crude market remains tight

Reuters Company News - Thu, 06/28/2018 - 23:48
* Syncrude outage in Canada disrupts North American market (Adds declining yuan, chart, updates prices)
Categories: Business News

UPDATE 2-Japan's Sharp ditches $2 bln share issue plan after stock sell-off

Reuters Company News - Thu, 06/28/2018 - 23:45
* Company cites trade friction for move (Adds analyst comment)
Categories: Business News

Asian shares rally on China rebound; trade worries linger

Reuters Biz News - Thu, 06/28/2018 - 23:42
SHANGHAI (Reuters) - Asian share markets rallied from nine-month lows on Friday, after China eased foreign investment limits, but underlying sentiment was dampened by worries over trade frictions a week before initial U.S. and Chinese tariffs were set to take effect.
Categories: Business News

Citgo Petroleum appoints executives to positions at Aruba refinery

Reuters Company News - Thu, 06/28/2018 - 23:41
June 28 (Reuters) - Citgo Petroleum, the U.S. refining arm of Venezuela's state-run oil company PDVSA, said on Thursday it appointed two senior executives to new positions as it works to refurbish an idled Aruba refinery.
Categories: Business News

GLOBAL MARKETS-Asian shares rally on China rebound; trade worries linger

Reuters Company News - Thu, 06/28/2018 - 23:31
SHANGHAI, June 29 (Reuters) - Asian share markets rallied from nine-month lows on Friday, after China eased foreign invesment limits, but underlying sentiment was dampened by worries over trade frictions a week before initial U.S. and Chinese tariffs were set to take effect.
Categories: Business News

Amazon, H&M and other multinationals pressing to soften Indian state's plastic ban

Reuters Biz News - Thu, 06/28/2018 - 23:30
MUMBAI (Reuters) - Multinational companies like Amazon Inc and H&M are lobbying to soften a ban against single-use plastic imposed by an Indian state last week, according to four sources familiar with the matter.
Categories: Business News

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