OPEC panel reviews oil outlook in a start to talks on oversupply

A panel of national representatives reviewed OPEC's oil market outlook for 2015 this week, OPEC sources said, preparing the ground for a policy-setting meeting next week that will decide how to address a looming oversupply of crude.

Apple $450 million e-book settlement gets final court approval

A U.S. judge on Friday gave final approval to Apple Inc's (AAPL.O) agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.

India regulator says Holcim-Lafarge merger may hurt competition

A planned merger by Switzerland's Holcim Ltd and France's Lafarge to create the world's biggest cement maker might hurt competition in India, the country's antitrust regulator said on Saturday, asking the firms for more details.

Swiss agency has more queries over Etihad plan to buy Darwin stake

Swiss authorities have given Darwin Airline until the end of January to answer more questions about Etihad Airways' plans to buy a third of the Swiss airline before it gives the deal the green light.

SGL says in talks with many carmakers to supply carbon fiber parts

SGL Group, the materials supplier for carbon fiber reinforced parts in BMW's electric cars, is in talks with several other carmakers to supply carbon fiber for a wider range of automotive components, its chief executive said.

Thyssen CEO says sale of submarine unit possible

ThyssenKrupp would consider a sale of the group's military submarine business under certain conditions, the German steel maker's chief executive told daily Sueddeutsche Zeitung.

Australia's Medibank IPO prices at A$2.15 a share, raising A$5.7 billion

Australia said on Sunday it would list state-owned health insurer Medibank Private Ltd (MPL.AX) with a market capitalization of A$5.679 billion ($4.9 billion), exceeding the top end of a range indicated in its IPO filing a month earlier.

With Baker Hughes, Halliburton cements leading North Dakota role

Halliburton Co's $35 billion takeover of Baker Hughes Inc will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters.

Toyota Lexus to recall some 2006-2011 models due to fuel leak

Toyota Motor Corp (7203.T) will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday.

Europe not at risk of full-blown deflation: ECB's Constancio

Europe is not at risk of sliding into "full deflation" but the current rate of inflation is dangerously low, European Central Bank Vice President Vitor Constancio said on Saturday.

Brazil's JBS says $1.25 billion Primo buy to boost Asian sales

Brazil's JBS SA (JBSS3.SA), the world's largest beef exporter, said on Friday its $1.25 billion purchase of Australian processed foods producer Primo Smallgoods would increase its presence in Asia.

Obama will visit India again as ties expand

U.S. President Barack Obama will attend India's Republic Day celebrations in January as chief guest, a sign of steadily expanding ties between two countries that share concerns about China's growing power in Asia.

China's rate-cut likely to hurt banks, curb new loans to small borrowers

China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

Los Angeles mayor presses China to allow more Hollywood films

A flurry of private Chinese investment into Hollywood should prompt Beijing to loosen its restrictions on U.S. film imports, the mayor of Los Angeles said in China on Friday as he urged officials to raise the country's annual cap on foreign films.

Hitler watercolour fetches 130,000 euros at Nuremberg auction

A 1914 watercolour by Adolf Hitler fetched 130,000 euros ($161,000) at auction in the German city of Nuremberg on Saturday, the auctioneers said.

China's ICBC to set up offshore yuan center in Los Angeles

China's Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote cross-border yuan trade and set up an offshore renminbi center in California, the bank said on Saturday.

Japan's Abe: return to yen strength would lead to hollowing out, job losses

Japanese Prime Minister Shinzo Abe said on Friday if the country returns to a period of excessive yen strength it would lead to a further hollowing out of manufacturing and job losses.

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics