Wed, 07 Dec 2016 07:59:16 -0500SINGAPORE (Reuters) - Oil major BP is shipping almost three million barrels of U.S. crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts.
Wed, 07 Dec 2016 08:36:54 -0500LONDON (Reuters) - European shares followed Asian stocks higher on Wednesday, buoyed by reports that Italy would step in to rescue troubled bank Monte dei Paschi and by expectations the European Central Bank would extend its bond-buying stimulus scheme this week.
Wed, 07 Dec 2016 08:17:36 -0500WASHINGTON (Reuters) - Donald Trump said companies should welcome his actions because they will prosper under his administration, the U.S. President-elect told NBC on Wednesday, one day after Boeing Co's shares took a hit when he used Twitter to criticize one of its high-profile projects.
Wed, 07 Dec 2016 09:24:20 -0500NEW YORK (Reuters) - Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.
Wed, 07 Dec 2016 09:02:42 -0500LONDON/NEW YORK (Reuters) - As far as one of the world’s biggest commodities traders, Glencore’s chief Ivan Glasenberg, is concerned, the oil market will be at the mercy of "a cat and mouse game" between OPEC and its U.S. shale rivals in the coming year.
Wed, 07 Dec 2016 06:51:43 -0500(Reuters) - Johnson & Johnson will challenge the fairness of a trial that produced a verdict of $1 billion in damages against the company last week over allegations of design flaws in its Pinnacle hip implant.
Wed, 07 Dec 2016 06:04:16 -0500NEW YORK (Reuters) - Two of Asia's biggest technology companies said they were looking to expand investment in the United States, as President-elect Donald Trump pushes to bring manufacturing and jobs back home.
Wed, 07 Dec 2016 08:43:40 -0500(Reuters) - Starbucks Corp set an annual revenue growth target of 10 percent and profit growth target of 15-20 percent for the next five years, and the coffee chain said it planned to open 12,000 stores globally by 2021.
Wed, 07 Dec 2016 09:22:15 -0500LONDON (Reuters) - Britain's competition watchdog has fined Pfizer a record 84.2 million pounds ($107 million) for its role in ramping up the cost of an epilepsy drug by as much as 2,600 percent.
Wed, 07 Dec 2016 09:03:51 -0500(Reuters) - Generic drugmaker Mylan NV said on Wednesday it may cut less than 10 percent of its global workforce as part of a restructuring program.