Business & Finance News
LONDON (Reuters) – Japan’s Takeda Pharmaceutical has sweetened its 44 billion-pound ($61.4 billion) bid for Shire as it races to agree terms with the British drugmaker before a deadline to strike a deal expires on Wednesday.
LONDON (Reuters) – Online streaming services such Spotify and Apple Music have become the music industry’s single biggest revenue source, overtaking physical sales and digital downloads for the first time, a global industry body said on Tuesday.
(Reuters) – Coca-Cola Co beat Wall Street estimates with quarterly results on Tuesday, citing more demand for Coke Zero Sugar and new flavors under its Diet Coke brand as overall revenue topped expectations by around $300 million.
(Reuters) – U.S. stock index futures rose on Tuesday as bond yields eased, while strong earnings from industrial heavyweights Caterpillar and United Technologies helped reinforce optimism about a first-quarter earnings season now in full swing.
(Reuters) – Verizon Communications Inc reported better-than-expected first-quarter results on Tuesday as the No. 1 U.S. wireless carrier held on to its customers with unlimited data plans.
LONDON (Reuters) – World stocks steadied on Tuesday after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in benchmark U.S. bond yields towards 3 percent stalled, while oil prices stretched to fresh highs above $75 a barrel.
(Reuters) – Coca-Cola Co beat Wall Street estimates with quarterly results on Tuesday, citing more demand for Coke Zero Sugar and new flavors under its Diet Coke brand as overall revenue topped expectations by around $300 million.
PARIS (Reuters) – Global wine output fell to its lowest level in 60 years in 2017 due to poor weather conditions in the European Union that slashed production in the bloc, international wine organization OIV said.
SEOUL (Reuters) – General Motors’ South Korean unit has averted a bankruptcy filing, but analysts and customers, as well as the South Korean government, are debating how long the loss-making company will remain in business.
FRANKFURT (Reuters) – Deutsche Bank AG may spell out strategy changes for its investment bank on Thursday along with first-quarter earnings, a person with knowledge of the matter said on Tuesday.
LONDON (Reuters) – BP has a “very strong” partnership with Russian oil giant Rosneft but will steer away from politics, Chief Executive Officer Bob Dudley said on Tuesday, as Moscow could face new western sanctions.
BEIJING (Reuters) – Volkswagen AG’s chief executive Herbert Diess said on Tuesday that a Chinese tariff hike on U.S vehicle imports would be tough for the firm, amid a brewing trade war and threats of punitive tariffs exchanged between Washington and Beijing.
LONDON (Reuters) – One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by Thomson Reuters on Tuesday found.
MENLO PARK, Calif. (Reuters) – Facebook Inc on Tuesday released a rule book for the types of posts it allows on its social network, giving far more detail than ever before on what is permitted on subjects ranging from drug use and sex work to bullying, hate speech and inciting violence.
(Reuters) – Chinese ride-hailing company Didi Chuxing is in talks for a multi-billion-dollar initial public offering that could take place as early as this year, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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