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China central bank: yuan’s global acceptance to be driven by market

BEIJING (Reuters) – The internationalization of the yuan has exceeded people's expectations and its global acceptance will be driven by market forces, Yi Gang, a China central bank vice governor, said on Monday. China will continue

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China central bank: yuan’s global acceptance to be driven by market

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NYSE sees double-digit Asian IPOs through 2017, with focus on tech

By Elzio Barreto and Steve Garton HONG KONG (Reuters) – The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange's global head of capital markets said in an interview. New listings should start picking up pace in the…

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NYSE sees double-digit Asian IPOs through 2017, with focus on tech

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Tesla removes ‘autopilot’ from China website after Beijing crash

By Jake Spring and Alexandria Sage SHANGHAI/SAN FRANCISCO (Reuters) – Tesla removed the word “autopilot” and a Chinese term for “self-driving” from its China website after a driver in Beijing who crashed in “autopilot” mode complained that the car maker…

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Tesla removes ‘autopilot’ from China website after Beijing crash

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RBS says main office would move if Scotland were independent: BBC

Royal Bank of Scotland would move its main office from Scotland if the nation were to split from the UK after Britain's vote to leave the European Union, although moving domicile would not mean major job losses, the head of RBS has said. “The Royal Bank of Scotland would just be…

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RBS says main office would move if Scotland were independent: BBC

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Oil hits August high on potential producer action to prop up market

By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11 percent since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market. Brent crude oil futures rose to a high for the month of $47.40 a barrel on Monday before dipping back to $47.30 per barrel at 0644 GMT (2:44 a.m. ET), up 33 cents from their last settlement, and 11.3 percent above the last close…

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Oil hits August high on potential producer action to prop up market