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February 25, 2020
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Exclusive: U.S. sees no material impact from virus on U.S.-China trade deal – for now

Reuters
RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a material impact on the Phase 1 U.S.-China trade deal, although that could change as more data becomes available in coming weeks. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before......
Reuters - Business

Exclusive: Germany’s Stada buys 15 GSK consumer health brands

Reuters
FRANKFURT (Reuters) – Private equity-backed generic drugmaker Stada STAGn.D said it has agreed to buy 15 consumer healthcare products from British drugmaker GlaxoSmithKline (GSK.L) to further strengthen its prescription-free drugs business in Europe. FILE PHOTO: The logo of Stada Arzneimittel AG is pictured at their headquarters in Bad Vilbel near......
Reuters - Business

Coronavirus concerns spur odd market moves

Reuters
NEW YORK (Reuters) – Some asset prices are moving together in unusual ways, an indication that investors may be preparing their portfolios for a coronavirus-led global slowdown. FILE PHOTO: Numbers showing the state of the Dow Jones Industrial Average are displayed above the floor after the closing bell at the......
Reuters - Business

Exclusive: If Lebanon needs financial aid, France will be there, finmin says

Reuters
RIYADH (Reuters) – France is ready to support Lebanon financially – bilaterally or multilaterally – its finance minister said on Sunday, warning against mixing economic recovery in the small Mediterranean state with U.S.-led efforts to counter Iran in the region. FILE PHOTO: French Finance and Economy Minister Bruno Le Maire......
Reuters - Business

Exclusive: If Lebanon needs financial aid, France will be there, finance minister says

Reuters
FILE PHOTO: French Finance and Economy Minister Bruno Le Maire speaks during the G20 finance ministers and central bank governors meeting in Riyadh, Saudi Arabia, February 22, 2020. REUTERS/Ahmed Yosri RIYADH (Reuters) – France is ready to support Lebanon financially — bilaterally or multilaterally — its finance minister said on......
Reuters - Business

Shifting sands of inflation unsettle top bankers at Riyadh G20 meeting

Reuters
RIYADH/WASHINGTON (Reuters) – Central bankers from the United States, Japan and the euro zone meeting in the desert kingdom of Saudi Arabia this weekend had their own shifting sands to cross – those of elusive inflation. FILE PHOTO: European Central Bank President Christine Lagarde arrives for a welcome dinner at......
Reuters - Business

Exclusive: Aramco to win unconditional EU clearance for $69 billion SABIC deal – sources

Reuters
FILE PHOTO: The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo BRUSSELS (Reuters) – World No. 1 oil producer Saudi Aramco (2222.SE) is set......
Reuters - Business

King Dollar rules as virus threatens global growth

Reuters
NEW YORK (Reuters) – A powerful surge in the dollar threatens to magnify the pain for companies and nations already struggling with the economic fallout of the coronavirus. FILE PHOTO: U.S. dollar banknotes are seen through a printed stock graph in this illustration taken February 7, 2018. REUTERS/Dado Ruvic/Illustration/File Photo......
Reuters - Business

Inside the Philip Morris campaign to ‘normalize’ a tobacco device

Reuters
(Reuters) – At Germany’s Bambi Awards for the media industry in November, celebrities posed for red-carpet photos against a backdrop of established luxury brands. Alongside the likes of Mercedes-Benz and Swiss watchmaker Chopard was a newer name: IQOS, a “reduced risk” heated-tobacco device sold by cigarette maker Philip Morris International......
Reuters - Business

Global central bankers scour shopping malls, manufacturers for coronavirus playbook

Reuters
WASHINGTON/RIYADH/FRANKFURT – (Reuters) – In the days after a new virus was identified in China on Dec. 31, global central bankers fell back on past experience for a comforting early analysis. FILE PHOTO: A man wearing a face mask walks past a shop of a French luxury cosmetic brand Lancome......
Reuters - Business

Exclusive: Canadian regulator considers changes to new drug pricing plan

Reuters
TORONTO (Reuters) – Canada’s drug pricing agency is contemplating significant changes to how it will apply new regulations aimed at lowering costs, Reuters has learned, as drugmakers unhappy with the policy delay introducing new medicines in the country and blame it for job cuts. FILE PHOTO: A pharmacist counts prescription......
Reuters - Business

Manufacturers entangled in logistical nightmare as virus-hit China limps back to work

Reuters
SHANGHAI/BANGKOK (Reuters) – Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung. FILE PHOTO: Workers wearing face masks load cargo to a truck next to containers at a railway cargo terminal, as the country is hit by an outbreak of the novel coronavirus, in Yinchuan, Ningxia......
Reuters - Business

Google plans to move UK users’ accounts outside EU jurisdiction

Reuters
SAN FRANCISCO (Reuters) – Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday. FILE PHOTO: The Google internet homepage is displayed on a product at a store in London,......
Reuters - Business

Exclusive: Google users in UK to lose EU data protection – sources

Reuters
SAN FRANCISCO (Reuters) – Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, sources said. FILE PHOTO: The Google internet homepage is displayed on a product at a store in London, Britain January 23, 2016.......
Reuters - Business

Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – EU paper

Reuters
FILE PHOTO: Different types of 4G, 5G and data radio relay antennas for mobile phone networks are pictured on a relay mast operated by Vodafone in Berlin, Germany, April 8, 2019. REUTERS/Fabrizio Bensch/File Photo BRUSSELS (Reuters) – Vodafone and Telekom Italia have offered to allow rivals access to sites in......
Reuters - Business

If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too

Reuters
SAN FRANCISCO/SHANGHAI (Reuters) – Apple Inc’s (AAPL.O) surprise warning that it will likely fall short of this quarter’s sales target due to the coronavirus epidemic points to much pain for its chip and other suppliers as well as for rivals who also rely on China to build their products. FILE......
Reuters - Business

Recession risk forces BOJ to row back on inflation goal

Reuters
TOKYO (Reuters) – The widening economic fallout from the coronavirus outbreak and soft consumption are forcing the Bank of Japan to message more strongly that it is no longer inclined to chase its elusive 2% inflation target, sources familiar with its thinking say. A man wearing a protective face mask......
Reuters - Business

Exclusive: Italian government leaning towards third term for Eni CEO – sources

Reuters
ROME/MILAN (Reuters) – The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to speed up efforts to cut carbon emissions, four senior political sources told Reuters. FILE PHOTO: Claudio Descalzi, CEO of Italian energy company......
Reuters - Business

Clock’s ticking for Nissan boss Uchida to show he has a plan: sources

Reuters
TOKYO (Reuters) – Nissan’s new CEO Makoto Uchida doesn’t have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company’s......
Reuters - Business

From wind power to cow manure: oil traders seek new profit recipe

Reuters
LONDON (Reuters) – The world’s largest oil traders are pouring hundreds of millions of dollars into climate-friendly projects – including wind farms, cow manure plants and blue hydrogen – as they seek to match the profits they make from trading oil. FILE PHOTO: A wind farm is shown in Movave,......

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