Tag Archives: Exclusive:

Moto Hub Exclusive Offline Retail Stores Opened in Delhi-NCR, Mumbai

With the competition among the top smartphone manufacturers continuing to be fought in the offline retail market, Lenovo’s Motorola on Thursday opened six Moto Hub brand exclusive retail stores in Delhi-NCR and Mumbai and plans to open 50 more across top tier towns by the end of this year. The first Moto Hub stores were officially opened at… Read More »

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources

HONG KONG (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said. Shanghai Pharmaceutical Holding Co Ltd, China Resources Pharmaceutical Group Ltd and Sinopharm Group Co Ltd are… Read More »

Exclusive: Venezuela’s PDVSA sees 2017 oil output stuck near historic lows – document

Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship ahead for the crisis-wrought OPEC member country. Cash-squeezed PDVSA, which accounts for nearly all of Venezuela’s export revenues and is the socialist government’s financial motor, saw production tumble by nearly 10 percent in 2016 due to… Read More »

Exclusive: China insurance regulator tightening new license issuance – sources

China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people with knowledge of the matter. Concerns about the kinds of asset purchases and trading conducted by some insurers and its focus on new solvency… Read More »

Exclusive – BMW bosses to skip Paris show to thrash out electric car strategy

BMW’s (BMWG.DE) management board is skipping the Paris Motor Show to hold talks aimed at breaking a deadlock over whether to produce new electric cars, including a battery-powered Mini, sources familiar with the matter told Reuters. Spurred on by the success of U.S. rival Tesla (TSLA.O), which has received almost 400,000 pre-orders for its Model 3 car, German… Read More »

Exclusive: U.S. investigates market-making operations of Citadel, KCG

Federal authorities are investigating the market-making arms of Citadel LLC and KCG Holdings Inc, looking into the possibility that the two giants of electronic trading are giving small investors a poor deal when executing stock transactions on their behalf. The Justice Department has subpoenaed information from Citadel and KCG (KCG.N) related to the firms’ execution of stock trades… Read More »