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Updated: 11 hours 57 min ago

U.S. oil rises for first time in eight days after stocks fall

Wed, 13/01/2016 - 00:42
TOKYO (Reuters) - U.S. oil futures rose on Wednesday for the first time in eight days, pulling further back from the widely watched $30-per-barrel level breached the previous session, after industry data showed crude stocks unexpectedly fell last week.

Shire says internal synergy goals from Baxalta deal higher

Tue, 12/01/2016 - 23:19
(Reuters) - The chief executive of rare disease drugmaker Shire Plc on Tuesday suggested that the company could achieve much higher cost savings from its planned $32 billion (22 billion pound) acquisition of Baxalta than what was announced with the deal on Monday.

California board rejects Volkswagen's diesel fix plan

Tue, 12/01/2016 - 22:21
(Reuters) - The California Air Resources Board said on Tuesday it rejected Volkswagen AG's plan to fix 2.0 liter diesel cars equipped with software that allows them to emit up to 40 times legally allowable pollution.

Greek central banker urges swift conclusion of bailout review, start of debt talks

Tue, 12/01/2016 - 21:24
ATHENS (Reuters) - Greece's central bank chief urged political parties to reach a swift consensus to wrap up a bailout review which will pave the way for long-awaited talks on debt relief.

EU probes Halliburton's planned purchase of Baker Hughes

Tue, 12/01/2016 - 20:09
BRUSSELS (Reuters) - The European Commission said on Tuesday it had launched an in-depth investigation into oilfield services provider Halliburton's planned purchase of its smaller rival Baker Hughes .

EU to propose binding multinational tax rules - official

Tue, 12/01/2016 - 19:32
BRUSSELS (Reuters) - The European Commission will propose a new set of binding rules by the end of January to curb corporate tax avoidance, in another move to counter unfair or illegal tax practices of multinationals, EU officials said.

Volkswagen says to continue discussions with EPA on Wednesday

Tue, 12/01/2016 - 19:04
DETROIT/FRANKFURT (Reuters) - Volkswagen will continue talks with the U.S. Environmental Protection Agency on Wednesday, it said, after California rejected its plan to fix 2.0 litre diesel cars with software that allows them to emit up to 40 times legally allowable pollution.

BP to slash thousands more jobs in face of oil downturn

Tue, 12/01/2016 - 18:14
LONDON (Reuters) - British oil and gas company BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices.

Deutsche Bank targets top five slot in wealth management

Tue, 12/01/2016 - 17:41
FRANKFURT (Reuters) - Deutsche Bank aims to become one of the world's top five wealth managers, it said in a memo to staff on Tuesday, after losing ground to rivals over the last couple of years.

Airbus shrugs off China concerns after outselling Boeing

Tue, 12/01/2016 - 17:27
PARIS (Reuters) - Europe's Airbus is unperturbed by China's financial turmoil, sticking to robust demand forecasts on Tuesday after beating arch-rival Boeing in the annual tally of global aircraft orders, despite failing to close a gap on total deliveries with the world's largest jetmaker.