Monthly Archives: September 2016

Deutsche Bank woes reopen AT1 wounds

LONDON, Sept 30 (IFR) - Deutsche Bank's Additional Tier 1 bonds were at the heart of a savage sell-off this week, falling to their lowest ever level on Friday in the latest setback for the bank as it...

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Russia says will be able to freeze oil output in case of deal with OPEC

SOCHI, Russia (Reuters) - Russia will find mechanisms and instruments needed to freeze oil production should the country reach an agreement with the Organization of the Petroleum Exporting Countries on limiting output, the Russian Energy Minister said ...

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GE, Bosch Combine Resources to Bolster IoT

GE and Bosch Software Innovations have partnered to jump-start the development of an open source Internet of Things platform. Open source will encourage greater interoperability and application development, the companies said. Both firms have sought help from the Eclipse Foundation to speed up the process. The companies will create a core IoT stack comprised of open source software.

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Global M&A drops in third quarter, companies wary of overpaying

(Reuters) - The value of announced mergers and acquisitions (M&A) worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy.

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After Nissan ultimatum, Jaguar Land Rover says Brexit must be fair for all

LONDON (Reuters) - Jaguar Land Rover will "realign its thinking" on investment after Britain's vote to leave the EU and if Nissan gets a Brexit compensation deal then other automakers would need a level playing field, Britain's biggest carmaker said.

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Japan’s Mitsubishi Motors to resume sales after latest cheating scandal

TOKYO (Reuters) - Japanese automaker Mitsubishi Motors Corp will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating scandal this year.

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Petronas weighs sale to exit $27 billion Canada LNG project: sources

KUALA LUMPUR/MILAN (Reuters) - Malaysian state oil firm Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian liquefied natural gas (LNG) plant, three people familiar with the matter said this week.

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Deutsche lifted by CEO letter, settlement report

FRANKFURT/LONDON (Reuters) - A report that Deutsche Bank was close to a cut-price settlement with U.S. authorities over the sale of toxic mortgage bonds helped to fuel a recovery in its shares on Friday after its chief executive said the group remaine...

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