[ad_1] NEW YORK (Reuters) – Oil prices rose about 1 percent on Wednesday, boosted by signs of strong U.S. demand for distillate products and tightening global crude supply, but gains were capped by a rising
Siemens deal collapse fuels Alstom-Bombardier tie-up talk, shares rally
[ad_1] LONDON/MONTREAL (Reuters) – The European Commission’s decision to block a tie-up between Alstom and Germany’s Siemens is fuelling speculation over possible merger talks between the French rail business and Canada’s Bombardier, lifting both companies’
French Senate rejects tougher telecoms controls despite U.S. Huawei warning
[ad_1] PARIS (Reuters) – The French Senate rejected on Wednesday proposed legislation aimed at toughening checks on telecoms equipment, following a U.S. warning about Chinese telecoms giant Huawei. FILE PHOTO: A 3D printed Huawei logo
Banks weigh whether to embrace or avoid progressive firebrand Ocasio-Cortez
[ad_1] WASHINGTON (Reuters) – Court, avoid or sideline? FILE PHOTO: Rep. Alexandria Ocasio-Cortez (D-NY) waits for a ceremonial swearing-in picture on Capitol Hill in Washington, U.S., January 3, 2019. REUTERS/Joshua Roberts/File Photo Barely a month
Eli Lilly backs U.S. proposal on drug rebates to lower costs
[ad_1] (Reuters) – Eli Lilly and Co on Wednesday embraced a U.S. government proposal to end a decades-old system of rebates drugmakers make to industry middlemen, saying it could lower the cost of insulin and
Government tightens rules on unregulated deposit schemes
[ad_1] File Photo: Ravi Shankar Prasad, pauses during a news conference in New Delhi June 17, 2014. REUTERS/Anindito Mukherjee NEW DELHI (Reuters) – India’s cabinet on Wednesday introduced amendments it said would make unregulated deposit
SoftBank’s Son unveils $5.5 billion buyback, laments share price
[ad_1] TOKYO (Reuters) – Japan’s SoftBank Group Corp announced a $5.5 billion share buyback on Wednesday as it reported a 60 percent increase in quarterly operating profit buoyed by rising valuations for its technology investments.
France and Germany to launch first contracts on future combat jets
[ad_1] PARIS (Reuters) – France and Germany will on Wednesday announce a 65 million euro ($74 million) contract financed equally by both countries over two years as the first act of the joint programme to
Delivery Hero beats revenue expectations, shares surge
[ad_1] (Reuters) – German food delivery firm Delivery Hero beat 2018 revenue forecasts despite raising them twice during the year, sending its shares as much as 7 percent higher on Wednesday. The Delivery Hero headquarters
JSW Steel quarterly net profit hit by weaker steel prices
[ad_1] (Reuters) – India’s JSW Steel Ltd on Wednesday posted quarterly net profit below estimates, dented by weakness in steel prices, but said exports are likely to improve in the next quarter. FILE PHOTO: The