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Pharma M&A could be Spurred by Trump’s Corporate Tax Holiday

A new wave of dealmaking in a pharmaceutical industry seeking to buy its way into growth could be spurred by U.S. President-elect Donald Trump's plan to incentivize U.S. companies to repatriate their swelling overseas cash piles.   Rather than bring it home at a 35-percent tax rate, big U.S....

Oil Firms and Carmakers Present Divergent Views on a Costly Debate

Driven by Advances in battery technology and the growth of autonomous driving and ride sharing - suited to electric vehicles, many carmakers are predicting a significant shift to electric vehicles in the next decade.   But up to 2040, electricity will play only a bit part in transport,...

Oil and Bond Yields Rise After OPEC Deal

After OPEC agreed to cut crude output to clear a glut, oil swept to a six-week high on Thursday, lifting energy shares in its slipstream. On the other hand, on prospects that resulting inflationary pressures will lead to higher interest rates, there was a rise in bond yields.   On Wednesday,...

Saudis to Take 'Big Hit' as OPEC Agrees First Output Cut Since 2008

With Saudi Arabia accepting "a big hit" on its production and agreeing to arch-rival Iran freezing output at pre-sanctions levels, OPEC has agreed its first limit on oil output since 2008, sources in the producer group were quoted by the media as saying.   After Riyadh signaled it had...

Collective Bank Bargaining on Apple Pay Set to be Opposed by Australian Regulator

In relation to Apple’s mobile digital payments system, permission to collectively bargain with Apple Inc is likely to be denied to four local banks in Australia by the country’s antitrust regulator, the agency said on Tuesday.   Australian Competition and Consumer Commission Chairman Rod...

Ahead of OPEC Meeting, Iran, Iraq at Loggerheads with Saudis

It has become difficult for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal when it meets on Wednesday as Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production.   Efforts to bridge differences between OPEC's de facto...

Selling its Technology to Rivals is a way 'Japan's Tesla' GLM stays Competitive

The secret of Japanese electric car maker GLM’s competitiveness is out. This automaker, also dubbed as ‘Japan’s Tesla’ by some sells the technology platform to rivals in addition to selling its own flashy sports cars.   This revelation was made by the chief financial officer of the company...

Oil Market will Balance Without Output Cuts, says Saudi Energy Minister Khalid Al-Falih

Keeping crude oil output at current levels could be justified as the oil market would balance itself in 2017 even if producers did not intervene, believes Saudi Arabia's energy minister Khalid al-Falih who said this on Sunday.   The Organizaiotn of Petroleum Exporting Countries would...

As Snow hits Tokyo and Beijing, Coal, LNG Prices Heat Up

The prices for thermal coal and liquefied natural gas (LNG) was boosted as power stations fire up to meet a surge in electricity demand as there has been advent of an early winter sharp cold snap in northeast Asia and the first November snow fall in Tokyo in 54 years this...

Pain of Downturn Shouldered by Oil Companies with Lower Output

Even as OPEC battles to agree on its first production cut since 2008, data has shown that during one of the worst downturns for the global oil industry, the world's listed oil companies have slashed oil output by 2.4 percent so far this year.   Data provided by Morgan Stanley showed that in...

With the Swipe of an App, Startup Trov Aims to Disrupt Insurance

The way people order food, a car, or a place to stay has been changed by the on-demand economy, which uses smartphone technology to immediately fill consumer needs. Now, offering coverage with the swipe of an app, technology startups are targeting the next business frontier – insurance.  ...

Preparatory OPEC Meeting Goes Well, Oil Prices Hit Highest Since October

As delegates of OPEC members said talks on assigning quotas to individual countries made good progress, oil traders and analysts grew more confident that OPEC will reach a deal to curb global oversupply next week.   As he left the group’s headquarters in Vienna on Monday evening, Libyan OPEC...
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