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Updated: 8 min 12 sec ago

Citi hires UBS banker as China head of corporate, investment banking: memo

12 hours 39 min ago
HONG KONG (Reuters) - Citigroup Inc has appointed UBS Group AG senior China banker Jiang Guorong as its chairman and head of China corporate and investment banking, according to an internal memo seen by Reuters on Thursday.

Stock futures flat as oil prices remain under pressure

12 hours 41 min ago
(Reuters) - U.S. stock index futures were little changed on Thursday as oil edged up from multi-month lows but prices remained under pressure.

Tesla reaches agreement with Shanghai to explore production: Bloomberg

13 hours 37 min ago
Tesla's revenue from China more than tripled to over $1 billion last year, according to its annual report.

Indian IT sector lobby group sees export growth at 7-8 percent for 2017-18

13 hours 54 min ago
(Reuters) - A leading lobby group for India's IT industry on Thursday forecast the sector's export revenues to grow at 7-8 percent for the year to March, around the growth levels seen last year, as the industry faces continued headwinds from the U.S. market.

China regulator orders checks on loans to acquisitive firms: sources

14 hours 18 min ago
BEIJING (Reuters) - China's banking regulator has ordered a group of commercial banks to assess their exposure to offshore purchases by a handful of acquisitive Chinese corporate groups, two people familiar with the matter said on Thursday.

Oil prices slip as physical excess overpowers OPEC

14 hours 43 min ago
LONDON (Reuters) - Oil slid back toward multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite OPEC-led efforts to balance the market.

Belgium drops case against business of LVMH chief Arnault

14 hours 48 min ago
BRUSSELS (Reuters) - Belgian prosecutors said on Thursday they have closed an investigation into a 2.9 billion euro ($3.24 billion) capital increase in a Belgian company owned by billionaire and chief executive of LVMH Bernard Arnault.

Airbus concedes defeat to Boeing in Paris order race

15 hours 14 min ago
PARIS (Reuters) - Airbus conceded defeat to arch-rival Boeing at the Paris Airshow on Thursday as a last-minute haul of almost 100 orders, including new interest from Iran, failed to close a gap opened up by the launch of Boeing's new 737 model.

Iran's Airtour signs MoU for 45 A320neo Airbus aircraft

16 hours 21 min ago
PARIS (Reuters) - Iran's Airtour Airlines has signed a memorandum of understanding (MoU) for 45 Airbus A320neo aircraft, Airbus said on Thursday, in a deal unveiled at the Paris Airshow.

Eyes on AirAsia as Airbus looks for airshow comeback: sources

16 hours 43 min ago
PARIS (Reuters) - Airbus has seen its rival Boeing grab most of the headlines at the Paris Airshow this week, but it could turn to AirAsia - one of its largest customers - to narrow the gap after the launch of a new Boeing plane, industry sources said.

Iran's Zagros Airlines commits to buying 28 Airbus aircraft

17 hours 37 min ago
PARIS (Reuters) - Iran's Zagros Airlines has signed a memorandum of understanding (MoU) to buy 28 new Airbus planes, comprising 20 A320neo jets and eight A330neo aircraft, Airbus said in a statement.

UK competition watchdog clears Standard Life-Aberdeen deal

17 hours 45 min ago
(Reuters) - Britain's competition watchdog said it had cleared Standard Life's 11 billion pound ($14 billion) deal to buy Aberdeen Asset Management , paving the way for the tie-up which will create the country's biggest listed asset manager.

China's Dalian Wanda Group denies 'rumors' of bond sales

18 hours 54 min ago
BEIJING (Reuters) - China's Dalian Wanda Group Co denied as "malicious speculation" that some Chinese banks had ordered the sale of its bonds, the company said in a statement on Thursday.

Takata to file for bankruptcy Monday, SMBC to provide bridge loan: sources

19 hours 16 sec ago
TOKYO (Reuters) - Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.

Home Capital to get C$2 billion credit facility from Berkshire Hathaway

19 hours 42 min ago
(Reuters) - Canadian lender Home Capital Group Inc said Berkshire Hathaway Inc will provide a new C$2 billion line of credit to its unit Home Trust Co and indirectly buy C$400 million ($300.2 million) of its common shares in a private placement.

Wisconsin one of six states Foxconn, Sharp considering for display plant

19 hours 50 min ago
TAIPEI (Reuters) - Foxconn , the world's largest contract electronics maker, is looking at six U.S. states including Wisconsin as locations for a display-making plant, a top executive said on Thursday.

Mexico's Supreme Court rules in spat related to telecom reform

Wed, 06/21/2017 - 11:10pm
MEXICO CITY (Reuters) - Mexico's Supreme Court ruled on Wednesday in a spat over interconnection rates paid between telecommunications firm America Movil and rivals that touches on a bigger case related to an antitrust reform the company is fighting.

Toshiba shares slip as it gears up for chip unit sale

Wed, 06/21/2017 - 8:42pm
TOKYO (Reuters) - Shares of Toshiba Corp skidded on Thursday, as the company aims to seal a deal worth some $18 billion by next week for the sale of its chip business needed to cover massive losses.

Asian stocks climb as oil crawls up from 10-month low

Wed, 06/21/2017 - 8:40pm
SINGAPORE (Reuters) - Asian stocks advanced on Thursday as oil prices inched up after hitting a 10-month low overnight on concerns over a supply glut and falling demand, dragging U.S. and European shares lower.

Exclusive: Sycamore Partners close to deal to acquire Staples - sources

Wed, 06/21/2017 - 8:00pm
(Reuters) - Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.