Wires

  • MAJOR SKY SHAREHOLDER TELLS REUTERS THAT FOX'S 10.75 STG/ SHARE TAKEOVER BID "FAR TOO LOW", WILL VOTE AGAINST IT.

  • WASHINGTON— President-elect Donald Trump has found an accomplished American executive in Rex Tillerson, but one whose longstanding support for free trade, international law and an expansive U.S. presence in the Middle East largely doesn't fit with what Trump has pitched to supporters. A native of Wichita Falls, Texas, Tillerson came to Exxon Mobile Corp. as a...

  • SEOUL, Dec 11- Heavily indebted South Korean shipper Hyundai Merchant Marine Co Ltd said on Sunday it has agreed with the 2 M shipping alliance to form a cooperative relationship that falls short of full-fledged membership. Its main creditor, the state-backed Korea Development Bank, said it had not yet decided its position on the agreement but it was looking at...

  • DUBAI, United Arab Emirates— Qatar is merging its two government-controlled liquefied natural gas companies, streamlining distribution of the fuel as the OPEC nation grapples with a slump in energy prices. International oil giants including Total, ConocoPhillips, Exxon Mobil and Royal Dutch Shell have stakes in the Qatargas production lines.

  • MADRID— Spain wants to raise 500 million euros from new environmental taxes as part of a package of fiscal measures to meet the European Union's budget deficit goals. The new environmental taxes are part of the revised budgetary plan Spain has submitted to the European Commission. Spain's plan also includes previously announced tax hikes on tobacco,...

  • LONDON, Dec 11- Some shareholders are unhappy about the terms of a preliminary deal struck by Rupert Murdoch's Twenty-First Century Fox to take over British pay-TV Sky, the Sunday Telegraph newspaper reported. But some shareholders are disappointed that the independent directors have not pushed to better the $14 billion bid which would give Fox control of a...

  • MOSCOW, Dec 11- Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft, Rosneft said. The privatization deal, which Rosneft Chief Executive Igor Sechin called the largest in Russia's history, was announced by Rosneft...

  • LONDON, Dec 11- Financial markets have been remarkably resilient to rising bond yields and sudden shift in outlook following last month's shock U.S. election result, but the sheer scale of uncertainties ahead means the adjustment will be "bumpy", the BIS said on Sunday. While the resilience to recent market swings following the U.S. election and Brexit vote have...

  • TEHRAN, Iran— Iran said Sunday it has finalized a $16.8 billion deal with Boeing to purchase 80 passenger planes, a deal made possible by last year's landmark nuclear agreement. In September, Washington granted permission to Boeing and its European competitor Airbus to sell billions of dollars' worth of aircraft to Iran. President-elect Donald Trump and...

  • LONDON— Like many foreign scientists in Britain, Joanna Bagniewska was devastated when Britons voted to leave the European Union. The biology lecturer, a Polish migrant who found Britain a welcoming place to build her academic career over a decade, is suddenly seeing her job security and research prospects up in the air. Bagniewska is not just anxious about...

  • DUBAI, Dec 11- IranAir said it signed a deal on Sunday to buy 80 passenger planes from U.S. aircraft maker Boeing, state news agency IRNA reported, in the biggest U.S.- Iran deal since the 1979 Islamic revolution. In November, the U.S. House of Representatives passed a bill intending to block the sale of commercial aircraft to Iran, that would bar the U.S.

  • *Proposed wage cuts prompt strikes in Oman, Kuwait. DOHA, Dec 11- Ahmed, a Qatari civil servant, used to arrive at his office at a government ministry in Doha late in the morning and leave for home after lunch, collecting a monthly salary of 40,000 rial and a generous housing and travel allowance. "Qatar expects the best of its citizens."

  • SEOUL, Dec 11- Heavily indebted South Korean shipper Hyundai Merchant Marine Co Ltd said on Sunday it has agreed with the 2 M shipping alliance to form a cooperative relationship that falls short of full-fledged membership. Its main creditor, the state-backed Korea Development Bank, said it had not yet met to decide its position on the agreement but it was...

  • *Latest move in Qatar energy sector to reduce costs. DOHA, Dec 11- Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum said on Sunday, in the Gulf state's latest reaction to lower energy prices. While Qatar is more focused on gas than oil, it too has been forced into reorganisations, with QP...

  • WASHINGTON— President-elect Donald Trump has found an accomplished American executive in Rex Tillerson, but one whose longstanding support for free trade, international law and an expansive U.S. presence in the Middle East largely doesn't fit with what Trump has pitched to supporters. A native of Wichita Falls, Texas, Tillerson came to Exxon Mobile Corp. as a...

  • News of Tillerson's possible appointment comes as U.S. intelligence analysts have concluded that Russia intervened in the 2016 election to help Trump win the White House. Tillerson, 64, has driven Exxon's expansion in Russia for decades and opposed U.S. sanctions imposed on Russia for its seizure of Crimea. Russian President Vladimir Putin awarded...

  • Private jets bring big spenders so free with their cash- and $100 million credit lines- that the modest Best Sunshine casino, owned by Hong-Kong listed Imperial Pacific, wildly outperforms the top casinos in Macau, the world's biggest gambling hub. Such measures, plus an anti-corruption crackdown that began in early 2014, has dealt a blow to Macau, the...

  • DETROIT, Dec 10- General Motors Co's Cadillac brand on Saturday disavowed a casting notice that called for an "alt-right" role in a Cadillac commercial amid a storm of outrage on social media. The casting notice, circulated on Twitter and Facebook, said an agency was looking for "any and all real alt-right thinkers/believers" and indicated the call was for a...

  • NEW YORK— Here's something else we lost with the death of Prince: A Netflix reality series centered on his Paisley Park home in Minnesota. A Netflix spokesperson told The Associated Press on Saturday that the online entertainment company had been in "discussions" with Prince about a series, but that the project did not "come to fruition" before his death in April.

  • DETROIT, Dec 10- General Motors Co's Cadillac brand on Saturday disavowed a casting notice that called for an "alt-right" role in a Cadillac commercial amid a storm of outrage on social media. The casting notice, circulated on Twitter and Facebook, said an agency was looking for "any and all real alt-right thinkers/believers" and indicated the call was for a...