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Oil ending 2015 how it began – on the skids

By Wayne Cole SYDNEY (Reuters) – Asian share markets were ending the year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful trend that shows every sign of lingering into 2016. The relentless decline in oil hit currencies of commodity-rich countries including the Russian rouble, Canadian dollar, Norwegian crown, Brazilian real and Mexican peso. While cheaper fuel is a boost to consumer spending power in much …

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Oil ending 2015 how it began – on the skids

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Turing Pharma names chairman to replace Shkreli as CEO

(Reuters) – Martin Shkreli, the poster boy for prescription drug price increases who was arrested for securities fraud this week, has stepped down from his post as chief executive officer of Turing Pharmaceuticals Inc, the company said on Friday. Shkreli was replaced by Turing Chairman Ron Tilles, who said in a statement that the company was committed to continuing to make its flagship drug, Daraprim, which is used to treat…

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Turing Pharma names chairman to replace Shkreli as CEO

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Volkswagen chairman eyes job rotation for key roles: Welt am Sonntag

Volkswagen plans to limit the time staff can remain in certain roles, its supervisory board chairman told a German weekly, in a step to improve oversight at the German carmaker. VW said in September it had cheated U.S. emissions tests and installed software capable of deceiving regulators, wiping billions of euros off its market…

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Volkswagen chairman eyes job rotation for key roles: Welt am Sonntag

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Fed’s Lacker says four rate hikes in 2016 would be ‘gradual’

Federal Reserve forecasts pointing to four interest rate hikes in 2016 show what the U.S. central bank means when it says it anticipates raising rates at a “gradual pace,” Richmond Fed President Jeffrey Lacker said on Friday.

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Fed’s Lacker says four rate hikes in 2016 would be ‘gradual’

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Indian IT & ITES exports register impressive growth in 2014-15

After growing to $82 billion in 2014-15, the industry is poised to reach around $350 billion by 2020.

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Indian IT & ITES exports register impressive growth in 2014-15

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Brazilian court pulls the plug on WhatsApp

Popular messaging app shut down for 48 hours for noncompliance with a Brazilian court order.

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Brazilian court pulls the plug on WhatsApp

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Major U.S. banks raise prime rates after Fed rate hike

(Reuters) – Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. Banks including Wells Fargo & Co , JPMorgan Chase & Co and Bank of America Corp raised their prime rates

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Major U.S. banks raise prime rates after Fed rate hike

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Oil up 1 percent as support emerges before 11-year low

Brent and U.S. crude's West Texas Intermediate (WTI) futures rose for a second straight day on short covering, after being unable to break below a seven-year trough. “We are seeing nothing unusual about this week's price bounce given the fact that the entire complex had become much oversold based on virtually all of our technical indicators,” Jim Ritterbusch of Chicago-based oil consultancy Ritterbusch & Associates said in a note. “Focus…

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Oil up 1 percent as support emerges before 11-year low

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Qualcomm decides against breakup, says current structure best

Qualcomm Inc has decided not to split into separate chipmaking and technology licensing businesses, concluding a six-month strategic review instigated by hedge fund Jana Partners. San Diego-based Qualcomm, the biggest maker of chips used in mobile phones, said on Tuesday its current structure offered unique strategic benefits that cannot be replicated. Qualcomm, whose earnings have slumped by more than 40 percent in each of the last

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Qualcomm decides against breakup, says current structure best

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Janet Yellen: An orthodox economist for unorthodox times

By Jason Lange WASHINGTON (Reuters) – Janet Yellen is guiding the Federal Reserve towards its first rate rise in a decade armed with traditional economic models that some economists worry could fail her in a world of massive money printing and …

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Janet Yellen: An orthodox economist for unorthodox times

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