Business

OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow

OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement. OPEC experts started...

Samsung To Unveil Shareholder Return Plans Amid Calls To Split Company

Samsung Electronics Co Ltd (005930.KS) said it will disclose plans to boost shareholder value on Tuesday - a move that comes amid pressure from U.S. fund Elliott Management to split the company in two and provide more in payouts. The...

Exclusive: Google Nears Tax Settlement With Indonesian Government

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Alphabet Inc's (GOOGL.O) Google is expected to reach a tax settlement with the Indonesian government in the next few weeks, people familiar with the matter told Reuters. Under the proposed settlement, Google will pay back taxes and fines, and the...

Microsoft Set To Win EU Approval For Linkedin Buy

Microsoft (MSFT.O) is set to gain EU approval for its $26 billion buy of professional social network LinkedIn (LNKD.N) with tweaks to concessions aimed at addressing competition concerns, three people close to the matter said on Wednesday. Microsoft last week...

Dollar Pulls Back After Skittling World Currencies

The dollar surged to a near 14-year high before pulling back on Thursday, clocking up records against a range of other top world currencies and skittling emerging markets. Stronger data from the world's biggest economy had underpinned the greenback's gains,...

Wall St. At Record Highs, Dow Tops 19,000 For First Time

Wall Street's three main indexes hit records again on Tuesday, with the Dow topping 19,000 points for the first time ever, as the Donald Trump-fueled rally continued, with investors buying into a market primed to benefit from his pro-growth...

Jpmorgan Says French Labor Law In Way Of Big Move To Paris Post Brexit

JPMorgan (JPM.N) would be reluctant to move many jobs to Paris following Britain's exit from the European Union because of France's protectionist labor laws, the U.S.-based investment bank's France head told Reuters on Tuesday. Paris could be an attractive option...

OPEC To Debate Oil Output Cut Next Week But Iraq, Iran Hesitate

OPEC will debate an oil output cut of 4.0-4.5 percent for all of its members except Libya and Nigeria next week but the deal's success hinges on an agreement from Iraq and Iran, which are far from certain to...

Pepsico To Buy Probiotic Drinks Maker Kevita

PepsiCo Inc (PEP.N) said on Tuesday it would buy health beverage maker KeVita Inc, in an effort to diversify its soft drinks business and tap health conscious consumers. California-based KeVita offers more than two dozen flavors of probiotic drinks, and...

Trump’s Pullout Of TPP Opens Way For China

An Asia-Pacific trade deal stands almost no chance of working now that U.S. President-elect Donald Trump has pulled the plug on it, proponents of the pact said on Tuesday, opening the way for China to assume the leadership mantle...