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   NEWS: REUTERS COMPANY NEWS
Reuters Company News
Jun 26, 2019

Israel seeks Swiss help in overseas tax crackdown
Israel's finance ministry has sought help from Switzerland in identifying Israelis it believes have undeclared assets at Union Bancaire Privee (UBP) and Bank Julius Baer, Swiss government documents show.

Reuters Company News
Jun 26, 2019

UPDATE 3-Trump suggests EU out of line in suing U.S. tech firms
U.S. President Donald Trump on Wednesday suggested the European Union was out of line in suing U.S. technology companies like Facebook and Alphabet Inc's Google, saying legal action against those firms should be the purview of the United States.

Reuters Company News
Jun 26, 2019

U.S. funds look for 'crazy cheap' stocks as indexes hit record highs
Record highs in the U.S. stock market and the anticipation of equity-friendly interest rate cuts by the Federal Reserve later this year are prompting top-performing large-cap fund managers to seek out unloved stocks in hopes of further gains.

Reuters Company News
Jun 26, 2019

UPDATE 1-VEON settles Egypt tax liability, paving way to buy Global Telecom shares
Telecoms operator VEON Ltd has settled a tax dispute with Egypt, the finance ministry said on Wednesday, clearing the way for its potential purchase of the 42.3% stake in its Egyptian subsidiary Global Telecom Holding it does not own.

Reuters Company News
Jun 26, 2019

GLOBAL MARKETS-Dollar gains on lower rate cut expectations, stocks flat
The dollar rose and European shares fell on Wednesday as traders scaled back expectations of an aggressive cut in U.S. interest rates in July, while Wall Street rose on hopes of a China-U.S. trade breakthrough at the G20 summit later this week in Japan.

Reuters Company News
Jun 26, 2019

Sweden's Ericsson to build factory in U.S. to make 5G radios
Swedish telecoms equipment supplier Ericsson said on Wednesday it plans to build its first fully-automated factory in the United States to make radios required to deploy 5G technology and make it operational in early next year.

Reuters Company News
Jun 26, 2019

UPDATE 3-BlackBerry shares tumble on sales shortfall in largest business
Canada's BlackBerry Ltd on Wednesday reported lower-than-expected sales for its biggest business, hurt by weak demand for its security software from firms and government agencies, sending its shares down as much as 10%.

Reuters Company News
Jun 26, 2019

U.S. allows more time for Nynas AB transactions despite sanctions on Venezuela
The United States is allowing more time for transactions involving oil refiner and biofuel producer Neste and Petroleos de Venezuela SA's joint venture Nynas AB despite U.S. sanctions on Venezuela, according to a U.S. Treasury Department statement on Wednesday.

Reuters Company News
Jun 26, 2019

U.S. extends divestiture deadline for sanctioned Russian firm GAZ
The U.S. Treasury said on Wednesday it was giving investors another four months to divest from Russian automaker GAZ, a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia's "malign activity."

Reuters Company News
Jun 26, 2019

U.S. stock funds post largest two-week inflow since '16
Investors raced into the U.S. stock market last week by sending the largest net inflows into domestic stock and exchange-traded funds since March, according to data released Wednesday by the Investment Company Institute. Domestic stocks funds took in nearly $11.7 billion in net assets, nearly double the inflows of the week before. With nearly $17.9 billion in inflows, the past two weeks combined for the largest two-week push into th

Reuters Company News
Jun 26, 2019

South Sudan investigates its crude oil pre-sales regime
South Sudanese President Salva Kiir Mayardit has launched an investigation into crude oil pre-sale contracts from the country as it ratchets up production, a letter seen by Reuters on Wednesday showed.

Reuters Company News
Jun 26, 2019

UPDATE 2-No breakthrough in Swiss-EU battle of the bourses
* European Commission not in contact with Swiss amid standoff

Reuters Company News
Jun 26, 2019

EU experts call for companies to give access to AI technology
The European Union should order companies to give rivals reasonable access to technology that can be used for artificial intelligence projects, a panel of experts, which includes Google, SAP and IBM, said on Wednesday.

Reuters Company News
Jun 26, 2019

EU steel industry says it faces existential crisis, urges tougher safeguards
Senior steel industry executives on Wednesday urged the European Commission to strengthen measures to protect against a surge in imports triggered by U.S. tariffs, saying the future of the European industry was under threat, particularly in Britain.

Reuters Company News
Jun 26, 2019

UPDATE 2-Policymakers turn up heat on Woodford after fund suspension
* Fund manager learnt little about risk from crisis-lawmaker (Recasts, adds Carney, detail from IA conference)

Reuters Company News
Jun 26, 2019

PRECIOUS-Gold sheds over 1% as bets for big Fed rate cut fade
Gold fell more than 1% on Wednesday on signals the U.S. Federal Reserve would not make too steep a cut to interest rates next month, but still held ground above the key psychological $1,400 level.

Reuters Company News
Jun 26, 2019

Facebook crypto plans turn up heat on EU banks over real-time payments
The euro zone could have an instant payments system shared by all banks in the bloc by the end of 2020, finance industry officials said, as lenders face more competition from the likes of Facebook and other tech firms.

Reuters Company News
Jun 26, 2019

Shares of Mexican energy firm IEnova fall after arbitration request
Shares of Mexican energy infrastructure firm IEnova, a unit of Sempra Energy , fell nearly 2.5% on Wednesday after the country's Federal Commission of Electricity requested arbitration over a pipeline project. (Reporting by Mexico City Newsroom)

Reuters Company News
Jun 26, 2019

Iceland index inclusion leaves fund managers cold
Iceland may soon reclaim a place on the investment stage through inclusion in global equity indexes, but with pricey stocks, a fading economy and reforms done and dusted, fund managers are not rushing back there.

Reuters Company News
Jun 26, 2019

Boston Wayfair workers threaten walkout over sale to U.S. immigrant camp
Hundreds of employees of Wayfair Inc are expected to walk off the job on Wednesday in protest of what they said was the retailer's sale of more than $200,000 in bedroom furniture for a Texas detention facility for migrant children.

Reuters Company News
Jun 26, 2019

MOVES- Blackstone GSO hires ex-Goldman banker for distressed business
NEW YORK, June 26 (LPC) - Blackstone's credit platform GSO Capital Partners has appointed Dan Oneglia as senior managing director and co-head of its distressed investing business, the firm said in a press release on Wednesday.

Reuters Company News
Jun 26, 2019

UPDATE 1-No sign of progress at NATO in U.S.-Turkey dispute over Russian defenses
The United States and Turkey appeared to make no progress during talks at NATO headquarters on Wednesday toward resolving a major dispute over Ankara's plans to acquire a Russian air defense system, just ahead of its expected July delivery.

Reuters Company News
Jun 26, 2019

UPDATE 3-Pompeo vows cooperation with India but trade, defence issues unresolved
* Pompeo critical of China's Belt and Road Initiative (Adds detail of Pompeo speech, par 15)

Reuters Company News
Jun 26, 2019

India's RBI says foreign firms can process abroad, but must store data in India
Foreign payment firms such as Mastercard and Visa can process transactions made in India outside of the country but the related data should be brought back for local storage within 24 hours, the Reserve Bank of India (RBI) said on Wednesday.

Reuters Company News
Jun 26, 2019

COLUMN-Why Goldman thinks nickel is trading like a biotech start-up: Andy Home
* LME metals relative performance 2019: https://tmsnrt.rs/2ZWsL4f

Reuters Company News
Jun 26, 2019

US STOCKS-Wall Street higher on tech boost, trade hopes
* Indexes up: Dow 0.12%, S&P 0.21%, Nasdaq 0.83% (Updates to open)

Reuters Company News
Jun 26, 2019

CANADA STOCKS-TSX edges higher as gains in energy shares offset losses in mining stocks
Canada's main stock index edged higher on Wednesday, as gains in energy shares offset declines in mining stocks and software maker BlackBerry.

Reuters Company News
Jun 26, 2019

EMERGING MARKETS-Latam currencies strengthen on U.S-China trade hope
Most Latin American currencies rose on Wednesday as optimism over U.S.-China trade talks offset weakness after the U.S. Federal Reserve dampened hopes of aggressive interest rate cuts. U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the United States and China were close to a trade deal, CNBC reported ahead of meeting this week between presidents Donald Trump and Xi Jinping at the G20 Summit. The news turned around weakness in Latin American assets a

Reuters Company News
Jun 26, 2019

Storm clouds gathering over UK economy, warns retailer Boots
Storm clouds are gathering over Britain's economy, with waning consumer confidence and political uncertainty suggesting it could be heading for a recession, the boss of the country's biggest health and beauty chain said on Wednesday.

Reuters Company News
Jun 26, 2019

MOVES-Goldman Sachs hires Asia healthcare banker from Morgan Stanley -sources
Goldman Sachs has hired Samuel Thong from Morgan Stanley as the chairman of the healthcare group in the bank's Asia excluding-Japan investment banking division, people with knowledge of the move said.

Reuters Company News
Jun 26, 2019

U.S.'s Pompeo promises to ensure oil supplies to India after Iranian crude ban
The United States will ensure India receives adequate supplies of oil as New Delhi stops buying Iranian crude in line with U.S. sanctions, U.S. Secretary of State Mike Pompeo said on Wednesday.

Reuters Company News
Jun 26, 2019

Israeli startup NeuroBlade raises $23 mln to develop AI chip
Israeli startup NeuroBlade said on Wednesday it has completed a $23 million early funding round, led by Marius Nacht, co-founder of Check Point Software Technologies, with the participation of new investor Intel Capital.

Reuters Company News
Jun 26, 2019

Nigeria set for highest oil exports to Europe in 7 months on North Sea outages
Outages at North Sea oilfields have helped put competing Nigerian oil on pace to arrive in Europe at the highest levels in seven months in June, according to Refinitiv Eikon data and traders.

Reuters Company News
Jun 26, 2019

Brazil bank lending rises 0.6% in May - central bank
The amount of outstanding loans in Brazil rose 0.6% in May from the previous month at 3.3 trillion reais ($860 billion), with loans to individuals rising 0.9% and loans to companies rising 0.1%, the central bank said on Wednesday.

Reuters Company News
Jun 26, 2019

UPDATE 1-Barrick stands firm, saying Acacia's mine plans need changes
Barrick Gold Corp on Wednesday stuck to its offer to buy out Acacia Mining, saying assumptions made by the smaller firm about its mine plans were out of touch and changes were indeed needed.

Reuters Company News
Jun 26, 2019

CANADA STOCKS-TSX flat at open as losses in mining stocks check gains in energy shares
Canada's main stock index were little changed at open on Wednesday as advances in energy stocks were offset by declines in precious metal miners.

Reuters Company News
Jun 26, 2019

US warns Turkey of sanctions impact if it buys Russian defenses
Acting U.S. Defense Secretary Mark Esper warned his Turkish counterpart on Wednesday that Ankara's purchase of Russia's S-400 air defense system would not only end Turkey's role in the F-35 fighter jet program, it would also hurt the Turkish economy due to ensuing U.S. sanctions, a senior U.S. official said.

Reuters Company News
Jun 26, 2019

US STOCKS SNAPSHOT-Wall St opens higher on tech boost, trade hopes
U.S. stocks opened higher on Wednesday, as chipmaker Micron Technology's upbeat results lifted technology shares and Treasury Secretary Steven Mnuchin's comments fueled optimism that the United States and China would strike a trade deal.

Reuters Company News
Jun 26, 2019

UPDATE 1-Trump suggests EU is out of line with lawsuits against U.S. tech firms
U.S. President Donald Trump on Wednesday suggested the European Union was out of line bringing lawsuits against U.S. technology companies like Facebook and Alphabet Inc's Google, saying legal action against those firms should be the purview of the United States.

Reuters Company News
Jun 26, 2019

UPDATE 1-Road toll companies also made mistakes - German transport minister
Contracts the German government signed with private companies to implement its road toll scheme - which a European court has since ruled illegal - were cancelled partly due to breaches by the companies, Transport Minister Andreas Scheuer said.

Reuters Company News
Jun 26, 2019

Saudi Arabia will support whatever economic plan will bring prosperity to the Palestinains-fin min
Saudi Arabia's finance minister Mohammed al-Jadaan said on Wednesday that it will support whatever economic plan will bring prosperity to the Palestinians.

Reuters Company News
Jun 26, 2019

WRAPUP 1-U.S. business spending appears to stabilize; goods trade gap widens
New orders for key U.S.-made capital goods rose more than expected in May and shipments increased solidly, suggesting some stabilizing in business spending on equipment after a drop early in the year.

Reuters Company News
Jun 26, 2019

UPDATE 1-Trump says Fed should cut U.S. rates; Powell doing 'bad job'
U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower interest rates so the United States can compete with countries that he said are devaluing their currencies.

Reuters Company News
Jun 26, 2019

MIDEAST STOCKS-Egypt snaps losing streak while most of Gulf slips
Egypt's stock market ended six straight days of losses on Wednesday, while Gulf bourses mostly dropped as regional political concerns persisted. Egypt's blue-chip index traded 1.3% higher. El Sewedy Electric and real estate investment

Reuters Company News
Jun 26, 2019

US STOCKS-Wall Street set to open higher on trade hopes
* Futures up: Dow 0.30%, S&P 0.31%, Nasdaq 0.50% (Updates prices, adds comments)

Reuters Company News
Jun 26, 2019

Germany: We'd like to extend mandate of Global Forum on Steel Excess Capacity
Germany would like to extend the mandate for the Global Forum on Steel Excess Capacity - made up of G20 countries and other industrialised nations - a government official said on Wednesday, but added that this would be difficult.

Reuters Company News
Jun 26, 2019

PRECIOUS-Gold falls over 1% as Fed tempers expectations of big rate cut
Gold prices fell more than 1% on Wednesday, retreating from a six-year peak scaled in the previous session, on signs the U.S. Federal Reserve will not resort to a big interest rate cut in July.

Reuters Company News
Jun 26, 2019

Brazil's Vale to invest 1.8 bln reais in dam safety measures
Brazilian iron ore miner Vale will spend 1.8 billion reais ($469 million) on safety and environmental recovery measures for the structures that remain standing near its Brumadinho dam that collapsed five months ago, killing nearly 250 people, an executive said on Wednesday.

Reuters Company News
Jun 26, 2019

Trump suggests EU is out of line with lawsuits against U.S. tech firms
U.S. President Donald Trump on Wednesday suggested the European Union was out of line bringing lawsuits against U.S. technology companies like Facebook and Google, saying legal action against those firms should be the purview of the United States.

Reuters Company News
Jun 26, 2019

UPDATE 2-EU hits Broadcom with interim demands in antitrust probe
* Firm says European Commission concerns "without merit" (Releads, adds Commission chief economist comment)

Reuters Company News
Jun 26, 2019

Trump says Fed's Powell needs to lower rates, doing bad job
U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower interest rates so the United States can compete with countries that he said are devaluing their currencies.

Reuters Company News
Jun 26, 2019

Mexico's Pemex says crude production averaged 1.68 mln bpd in June
Mexican state oil firm Pemex has produced an average of 1.68 million barrels per day (bpd) of crude oil in June, the company's chief executive said on Wednesday, slightly above the 1.66 million bpd registered in May.

Reuters Company News
Jun 26, 2019

GLOBAL-MARKETS-Stocks gain as trade talk hopes rise, rate-cut pressure ebbs
* U.S. futures point to strong open (Recasts to reflect optimism in global stocks, adds quote)

Reuters Company News
Jun 26, 2019

Newell Brands names CFO Christopher Peterson as interim CEO
U.S. household goods maker Newell Brands Inc on Wednesday named Chief Financial Officer Christopher Peterson as interim chief executive officer, succeeding Michael Polk.

Reuters Company News
Jun 26, 2019

Barrick says Acacia's mine plans need changes
Barrick Gold Corp, the world's No. 2 gold miner, said on Wednesday some assumptions made by Acacia Mining about its mine plans were not supportable and needed adjustments.

Reuters Company News
Jun 26, 2019

Qualcomm's security-boosted smartphone chip wins German certification
U.S. chipmaker Qualcomm has won certification from Germany's cyber watchdog for a next generation chip that boosts the security of smartphones, as applications such as mobile payments become increasingly prevalent.

Reuters Company News
Jun 26, 2019

Brazil med school network Afya aims to raise $250 mln in U.S. IPO -sources
Brazilian medical education group Afya SA hopes to raise at least $250 million in an initial public offering, three sources with knowledge of the matter said on Tuesday, the latest in a series of South American companies to seek U.S. listings.

Reuters Company News
Jun 26, 2019

UPDATE 2-Pompeo vows cooperation with India but trade, defence issues unresolved
* Pompeo critical of China's Belt and Road Initiative (Adds news conference, analyst comment; paragraphs 5-7,19-23)

Reuters Company News
Jun 26, 2019

UPDATE 2-BlackBerry beats revenue estimates as it reaps rewards of Cylance buy
Canadian software maker BlackBerry Ltd on Wednesday beat analysts' expectations for quarterly revenue, as it benefited from its recent $1.4 billion bet on cybersecurity firm Cylance.

Reuters Company News
Jun 26, 2019

US STOCKS-Futures bounce on trade hopes, Micron results
U.S. stock index futures rose on Wednesday after Treasury Secretary Steven Mnuchin said the United States and China were close to reaching a trade deal, with strong results from chipmaker Micron adding to the upbeat mood.

Reuters Company News
Jun 26, 2019

Brazil's Braskem says courts froze 3.7 bln reais in accounts over mining damage
Brazil's largest petrochemical company Braskem SA said in a securities filing on Wednesday that courts have frozen 3.7 billion reais ($962.11 million) in its checking accounts seeking to guarantee compensation for damages caused by the firm.

Reuters Company News
Jun 26, 2019

Britain wants accountability over Khashoggi murder - PM May
Britain wants to see accountability for the murder of journalist Jamal Khashoggi and Saudi Arabia should investigate the death thoroughly and in a way that adheres to international laws, Prime Minister Theresa May said on Wednesday.

Reuters Company News
Jun 26, 2019

UPDATE 1-No breakthrough in Swiss-EU battle of the bourses
The European Commission said it has had no contact with Switzerland in the past few days on avoiding the expiration at the end of this week of a regime which allows Swiss stock exchanges to access the European Union market.

Reuters Company News
Jun 26, 2019

CANADA STOCKS-TSX futures up on higher oil prices
Canada's main stock index futures rose on Wednesday as oil prices jumped after data showed a decline in U.S. crude inventories and an outage at a major refinery on the U.S. East Coast.

Reuters Company News
Jun 26, 2019

PRECIOUS-Gold falls over 1% as U.S. Fed tempers aggressive rate cut hopes
* Investors locking in profits after gold's strong rally- analyst

Reuters Company News
Jun 26, 2019

Road toll companies made mistakes - German transport minister
Contracts the German government signed with private companies to implement its road toll scheme - which a European court has since ruled illegal - were cancelled partly due to breaches by the companies, Transport Minister Andreas Scheuer said.

Reuters Company News
Jun 26, 2019

Soccer-Man United agree deal for Palace defender Wan-Bissaka-BBC
Manchester United have agreed a deal to sign defender Aaron Wan-Bissaka from Crystal Palace on a long-term contract, the BBC reported on Wednesday.

Reuters Company News
Jun 26, 2019

General Mills misses quarterly sales estimates
General Mills Inc on Wednesday reported quarterly sales below Wall Street estimates, hurt by lower demand for its snacks in North America.

Reuters Company News
Jun 26, 2019

BlackBerry posts smaller quarterly loss
Canadian software maker BlackBerry Ltd reported a smaller quarterly loss on Wednesday, benefiting from its acquisition of cybersecurity firm Cylance.

Reuters Company News
Jun 26, 2019

Sneaker site StockX raises funds, hires eBay exec
StockX, an online market place which specialises in reselling limited-edition sneakers, has raised $110 million from investors to fund its expansion and poached Scott Cutler from eBay as its new chief executive, it said on Wednesday.

Reuters Company News
Jun 26, 2019

Airlines and regulators meet to discuss Boeing 737 MAX un-grounding efforts
Airlines and regulators are gathering at a closed-door summit in Montreal on Wednesday to exchange views on steps needed for a safe and coordinated return of Boeing Co's grounded 737 MAX jets to the skies following two deadly crashes.

Reuters Company News
Jun 26, 2019

No recent contacts with Switzerland over stock exchanges - EU
The European Commission has had no contacts with Switzerland in the past few days to avoid the expiration at the end of this week of the equivalence regime that allows Swiss stock exchanges to access the EU market, a spokeswoman said on Wednesday.

Reuters Company News
Jun 26, 2019

Macron says France to be vigilant over Carlos Ghosn's rights
President Emmanuel Macron said on Wednesday France would remain vigilant that Carlos Ghosn's presumption of innocence and the former Renault-Nissan leaders' rights to defend himself in a Japanese lawcase are respected.

Reuters Company News
Jun 26, 2019

PRESS DIGEST- Canada-June 26
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Reuters Company News
Jun 26, 2019

UPDATE 1-Bitcoin reaches 18-month high as Facebook's Libra spurs interest
* Biggest cryptocurrency up 240% since January (Adds details, context)

Reuters Company News
Jun 26, 2019

UPDATE 1-Broadcom in EU antitrust spotlight, faces interim measures
EU antitrust regulators will investigate whether U.S. chipmaker Broadcom uses exclusivity restrictions to block rivals in the TV and modem chipsets markets, a move that could lead to hefty fines for the company and an order to end such practices.

Reuters Company News
Jun 26, 2019

UPDATE 1-China's Alibaba aims to double Tmall Global brands with English portal
Chinese e-commerce giant Alibaba on Wednesday launched an English-language website for its Tmall Global marketplace aimed at merchants, in an attempt to double the number of international brands on the platform to 40,000 in the next three years.

Reuters Company News
Jun 26, 2019

CORRECTED-China's Alibaba aims to double Tmall Global brands with English portal
Chinese e-commerce giant Alibaba on Wednesday launched an English-language website for its Tmall Global marketplace aimed at merchants, in an attempt to double the number of international brands on the platform to 40,000 in the next three years.

Reuters Company News
Jun 26, 2019

UPDATE 1-Woodford learnt little from financial crisis-UK lawmaker
* Assets in other open-ended fund fall below 300 million pounds (Recasts, adds background, share, AUM moves)

Reuters Company News
Jun 26, 2019

UPDATE 1-Pompeo pledges close cooperation with India but trade, defence issues unresolved
U.S. Secretary of State Mike Pompeo sought to reduce heightened trade tension with India on Wednesday, promising a renewed focus on negotiating improved trade and investment ties between the two nations.

Reuters Company News
Jun 26, 2019

REFILE-EXPLAINER-Why Switzerland and the EU face a battle of the bourses
A row over a stalled partnership treaty between Switzerland and the European Union is about to touch off a battle over share trading rules that could cause market ructions across Europe from July 1.

Reuters Company News
Jun 26, 2019

UPDATE 1-Tesla loses its VP of production - Electrek
Tesla Inc's vice president of production in charge of all vehicle manufacturing at Fremont factory, Peter Hochholdinger, is not at the automaker anymore, news website Electrek reported https://electrek.co/2019/06/26/tesla-loses-head-of-production on Wednesday, citing a source familiar with the matter.

Reuters Company News
Jun 26, 2019

Sibanye-Stillwater to sell 51% stake in Canadian PGM-copper project
South Africa's Sibanye-Stillwater is to sell a 51% stake in its PGM-copper project in northern Ontario to Generation Mining Ltd in a deal to further develop the asset, the previous miner said on Wednesdaay.

Reuters Company News
Jun 26, 2019

UPDATE 2-Austria eyes first ever debt sale below ECB deposit rate
Austria is set to become the first euro zone country to conduct a public sale of debt below the European Central Bank's deposit rate, as monetary stimulus expectations and worries over the global economy push euro zone yields to new record lows.

Reuters Company News
Jun 26, 2019

Deals of the day-Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:

Reuters Company News
Jun 26, 2019

Israeli health tech startup DayTwo raises $31 million
Israel's DayTwo, which provides personalized nutritional insights based on intestinal bacteria, said on Wednesday it raised $31 million in private financing, bringing its total raised to $48 million. The round was co-led by life sciences venture fund aMoon and Ofek Ventures, a new venture fund. Existing investors Seventure Partners and Johnson & Johnson also participated. Previous funding rounds included contributions from the Mayo Clinic for the company's validatio

Reuters Company News
Jun 26, 2019

FOCUS-Fate of opioid litigation hinges on government "police power"
The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company can use a bankruptcy to stop lawsuits from cities and states?

Reuters Company News
Jun 26, 2019

Tesla loses its VP of production - Electrek
Tesla Inc's vice president of production in charge of all vehicle manufacturing at Fremont factory, Peter Hochholdinger, is not at the automaker anymore, news website Electrek reported https://electrek.co/2019/06/26/tesla-loses-head-of-production on Wednesday, citing a source familiar with the matter.

Reuters Company News
Jun 26, 2019

UPDATE 1-Austria eyes first ever debt sale below ECB deposit rate
Austria is set to become the first ever euro zone country to conduct a public sale of debt below the European Central Bank's deposit rate, as monetary stimulus expectations and worries over the global economy push euro zone yields to new record lows.

Reuters Company News
Jun 26, 2019

EU antitrust regulators to investigate Broadcom, seek interim measures
EU antitrust regulators opened on Wednesday an investigation into whether chipmaker Broadcom uses exclusivity restrictions to block rivals.

Reuters Company News
Jun 26, 2019

PRECIOUS-Gold falls 1% as U.S. Fed tempers aggressive rate cut hopes
* Investors locking in profits after gold's strong rally- analyst

Reuters Company News
Jun 26, 2019

EXPLAINER-Why Switzerland and the EU face a battle of the bourses
A row over a stalled partnership treaty between Switzerland and the European Union is about to touch off a battle over share trading rules that could cause market ructions across Europe from July 1.

Reuters Company News
Jun 26, 2019

Switzerland aims to legalise medical marijuana
The Swiss government aims to make it easier for patients to get medical marijuana, proposing on Wednesday to allow prescriptions for cannabis to treat people suffering from cancer or other serious conditions.

Reuters Company News
Jun 26, 2019

Papua New Guinea treasurer calls for more benefits from LNG, mining projects
Papua New Guinea's new treasurer on Wednesday put Total SA, Exxon Mobil Corp , Newcrest Mining and their partners on notice that the country wants to extract more benefits from their gas and mining projects.

Reuters Company News
Jun 26, 2019

Bitcoin vaults to 18-month highs on growing popularity
Bitcoin jumped to its highest in eighteen months on Wednesday on safe-haven investment flows and growing expectations that Facebook's Libra could turn cryptocurrency investments mainstream.

Reuters Company News
Jun 26, 2019

China's Alibaba aims to double Tmall brands with English portal
Chinese e-commerce giant Alibaba on Wednesday launched an English-language website for its Tmall marketplace aimed at merchants, in an attempt to double the number of international brands on the platform to 40,000 in the next three years.

Reuters Company News
Jun 26, 2019

GLOBAL MARKETS-Fed's Powell resists pressure for hefty rate cut, sends global stocks down
Global stocks fell while the dollar rose on Wednesday as comments from U.S. Federal Reserve dampened excitement about an aggressive rate cut as early as July from the world's most important central bank.

Reuters Company News
Jun 26, 2019

Saudi Arabia's NEOM says AECOM hired as project management consultant
Saudi Arabia's NEOM, which is building a mega economic zone, said on Wednesday it has appointed AECOM as a project management consultant for part of NEOM Bay, the first urban area to be developed in the zone.

Reuters Company News
Jun 26, 2019

UPDATE 1-European stocks fall after Fed cools mood
* Fed's Powell, Bullard quash bets on half-point July rate cut

Reuters Company News
Jun 26, 2019

TABLE-UAE's Fujairah oil inventory data for week ended June 24
Fujairah Oil Industry Zone on Wednesday published, via industry information service S&P Global Platts, the following weekly inventory data for oil products for the week ended June 24. Volumes are in thousands of barrels. Figures in brackets represent volume change from prior week calculated by Reuters. Week Light Middle Residual Fuels Distillates Distillates 2019

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