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China’s PBOC flags stimulus restraint but says policy should be flexible
By Xiaoyi Shao and Kevin Yao BEIJING (Reuters) – China's central bank won't resort to excessive stimulus to bolster growth but will keep a flexible stance in the event of an economic shock – domestic or global, Governor Zhou Xiaochuan said while reiterating the authority's prudent monetary policy. Under the banner of prudent policy, the Chinese central bank has cut interest... [Read more]
Exclusive: Apollo Global nears deal to acquire Fresh Market – sources
The deal would underscore Apollo's confidence that it can turn around companies in the highly competitive U.S. grocery sector. The New York-based buyout firm's past investments include Sprouts Farmers Market and Smart & Final Stores Inc . Apollo has prevailed in Read more here: Exclusive: Apollo Global nears deal to acquire Fresh Market – sources Read More →
Special Report: The final days and deals of Aubrey McClendon
By John Shiffman, Brian Grow and Michael Flaherty OKLAHOMA CITY (Reuters) – The night before Aubrey McClendon died, the oil-and-gas pioneer was expected at a private dinner here with potential business partners. U.S. prosecutors had just announced McClendon’s indictment for allegedly conspiring with a competitor to suppress land prices by rigging bids while leading his former company, Chesapeake More... [Read more]
Canon to buy Toshiba Medical for around $6.2 billion: Nikkei
TOKYO (Reuters) – Japan's Canon Inc is set to buy Toshiba Corp's medical equipment unit for 700 billion yen ($6.2 billion), beating rival Fujifilm Holdings Corp in a hotly contested auction, the Nikkei business daily reported on Wednesday. Read more: Canon to buy Toshiba Medical for around $6.2 billion: Nikkei Read More →
China’s ZTE says suppliers need to apply for U.S. export license
By Donny Kwok HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp said on Wednesday its suppliers must seek licences to provide materials, in line with newly imposed U.S. restrictions on the company. The news, confirming a Reuters report on Tuesday, comes a day after the U.S. Commerce Department slapped export restrictions on ZTE for alleged Iran sanctions violations, a... [Read more]
Oil hits 2016 high above $40; glut warnings resurface
Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as producers sought a new anchor price for oil after a selloff that has lasted nearly two years, although some analysts warned the global glut is still big. Global crude prices have risen more than 40 percent since two months ago when… Read the original here: Oil hits 2016 high above $40; glut warnings resurface Read More →
UK lawmakers say Facebook may have broken tax rules
By Tom Bergin LONDON (Reuters) – Facebook said it would ditch a corporate structure that helps minimize its UK tax bill, prompting lawmakers and campaigners to ask whether the arrangement had ever complied with UK tax rules. Facebook said on Friday it would stop booking sales… Read the original here: UK lawmakers say Facebook may have broken tax rules Read More →
Exclusive: Citigroup executives avoid U.S. charges over mortgage bonds – document
By Nate Raymond NEW YORK (Reuters) – U.S. authorities have decided not to pursue criminal charges against any Citigroup Inc executives or employees involved in packaging and selling mortgage-backed securities at the heart of the 2008 financial crisis, a government report shows. The decision, which followed Citigroup's $7-billion settlement in 2014 resolving federal and state civil claims... [Read more]
Privacy groups urge U.S. judge to support Apple in iPhone case
(Reuters) – Digital privacy advocates have called on a U.S. federal judge to approve Apple Inc's request not to be compelled to build software to help the FBI unlock an iPhone used by one of the shooters in the … See the original post here: Privacy groups urge U.S. judge to support Apple in iPhone case Read More →
Handbag maker Kate Spade’s same-store sales top expectations
(Reuters) – Handbags and accessories maker Kate Spade & Co reported better-than-expected quarterly sales at established stores, driven by demand for its kate spade new york line of products. See the original post: Handbag maker Kate Spade’s same-store sales top expectations Read More →