Oil is our gold and we aim to use all of it, ADNOC official says

Oil is our gold and we aim to use all of it, ADNOC official says
ABU DHABI (Reuters) – Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said. FILE PHOTO: A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike/File Photo The world’s transition... Read More

Mediation between Bayer, plaintiffs seeks to clarify all justified claims: U.S. mediator

Mediation between Bayer, plaintiffs seeks to clarify all justified claims: U.S. mediator
FILE PHOTO: The logo of Bayer AG is pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay/File Photo BERLIN (Reuters) – Mediation between Bayer and plaintiffs in the United States aims to clarify all justified claims related to Roundup herbicide both at the national and state level, mediator Ken Feinberg... Read More

German auto lobby to pick utility manager Hildegard Mueller as president: report

German auto lobby to pick utility manager Hildegard Mueller as president: report
FILE PHOTO: Innogy SE board members Hans Buenting, COO Renewables, Hildegard Mueller, COO Grid and Infrastructure, CEO Uwe Tigges and Martin Herrmann, COO Retail, attend the company’s annual general shareholders meeting in Essen, Germany April 24, 2018. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – The German carmakers lobby VDA is set to appoint conservative politician and former Innogy (IGY.DE) board member... Read More

Rising healthcare costs power U.S. consumer inflation

Rising healthcare costs power U.S. consumer inflation
WASHINGTON (Reuters) – U.S. consumer prices jumped by the most in seven months in October, which together with abating fears of a recession, support the Federal Reserve’s signal for no further interest rate cuts in the near term. FILE PHOTO: Intravenous bags hang above young cancer patients at Rady’s Children Hospital in San Diego, California, U.S., September 4, 2019. REUTERS/Mike... Read More

Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations

Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations
Alibaba Group Holding Ltd Executive Chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) with Tesla Inc CEO Elon Musk (not pictured) in Shanghai, China, August 29, 2019. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Alibaba Group Holding Inc co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce giant’s... Read More

Alibaba launches $13.4 billion Hong Kong listing to fund expansion

Alibaba launches $13.4 billion Hong Kong listing to fund expansion
HONG KONG (Reuters) – Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing on Wednesday, braving unrest in the global financial hub to try to raise up to $13.4 billion to fund its expansion plans. The books for institutional investors looking to buy the shares opened during the New York trading session on Wednesday. A... Read More

Biotech-for-hire PeptiDream charts new path and becomes short target

Biotech-for-hire PeptiDream charts new path and becomes short target
TOKYO (Reuters) – The promise of PeptiDream Inc’s drug-discovery technology and its lucrative research-for-hire contracts have made it a darling of the Tokyo stock market. Now, those gains have made it a target for short-seller Muddy Waters. Patrick Reid, President and CEO of PeptiDream Inc, poses for a photograph at the company headquarters in Kawasaki, Japan November 6, 2019. REUTERS/Rocky... Read More