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Russia's Novak will not attend Davos: energy ministry

MOSCOW (Reuters) - Russia's Energy Minister Alexander Novak will not fly to Switzerland to attend the Davos world economic forum due to changes in his schedule, an energy ministry spokeswoman told Reuters on Tuesday. Novak had previously told reporters in Brussels he would meet his Saudi counterpart Khalid al-Falih in Davos, if the minister were to attend. (Reporting by Gabrielle Tétrault-Farber and Vladimir Soldatkin; Writing by Polina Ivanova; Editing by Gareth Jones)
Tags: Science, Russia, Davos, Switzerland, Moscow, Brussels, Reuters, Novak, Vladimir Soldatkin, Khalid al Falih, Alexander Novak, Gabrielle Tetrault Farber, Polina Ivanova, Reuters Russia s Energy


Exclusive: India likely to target about $11 billion from state asset sales in 2019-20 fiscal year - sources

The Indian government is likely to seek to raise about 800 billion rupees ($11.21 billion) through the sale of state-owned assets in the next fiscal year, beginning April 1, two government sources with direct knowledge of budget discussions told Reuters on Tuesday.
Tags: Money, India, businessNews, Reuters


Arconic says no longer pursuing potential sale; shares tank: Reuters

Arconic (ARNC.N) said on Tuesday it was no longer pursuing a sale of the company, after media reports said a private equity firm was looking to buy the company for more than $10 billion, sending its shares down 27 percent before the bell. “We did not receive a proposal for a full-company transaction that we believe would be in the best interests of Arconic’s shareholders and other stakeholders,” Arconic Chairman John Plant said in a statement. Private-equity firm Apollo Global Management LLC (AP...
Tags: Trends, Reuters, Boeing Co, PE Deals, Apollo Global Management LLC APO N, Arconic, Airbus SE AIR PA, John Plant, Shares of Arconic


Patently-O Bits and Bytes by Juvan Bonni

Recent Headlines in the IP World: Rajendra Jadhav and Mayank Bhardwaj: After Monsanto Patent Ruling, Indian Farmers Hope for Next-Gen GM Seeds (Source: Reuters) Paul Fucito: Thomas Krause Appointed Deputy General Counsel for Intellectual Property and Solicitor (Source: USPTO) Jan Wolfe: Apple Loses Bid to Undo $440 Million Judgment in VirnetX Patent Case (Source: Reuters) Graham Rapier: Lyft Wants to Use Augmented Reality to Make it Easier to Meet Your Driver (Source: Business Insider) S...
Tags: Law, Uspto, Intellectual Property, Itc, Patent, Reuters, Nafta, Chicago Tribune, HP Inc, Mayank Bhardwaj, Paul Fucito, Raja Krishnamoorthi, Rajendra Jadhav, Bits and Bytes, Juvan Bonni, Farmers Hope for Next Gen GM


Death toll in Mexico gasoline pipeline blast climbs to 94: officials

MEXICO CITY (Reuters) - The number of people who died from a gasoline pipeline explosion in central Mexico last week has risen to 94, government officials said on Tuesday, from 91 reported a day earlier https://reut.rs/2FGojjO. The explosion last Friday occurred as about 800 people in Hidalgo state's Tlahuelilpan district were collecting gasoline that was gushing from a pipeline leak near a major refinery. ...
Tags: Science, Mexico, Reuters, Hidalgo, Tlahuelilpan


Canada blames US for Huawei CFO arrest backlash that left 2 citizens in Chinese prison and a 3rd on death row

Canada arrested Meng Wanzhou, the CFO of Chinese telcom giant Huawei, last month at the request of US authorities. Beijing subsequently detained two Canadians and put another on death row. Canada's ambassador to the US, David MacNaughton, blamed Washington for the backlash on Monday, in an interview with The Globe and Mail newspaper. He said the US "are the ones seeking to have the full force of American law brought against [Meng] and yet we are the ones who are paying the price." The US also ...
Tags: Apple, Washington, White House, China, US, Trends, Eu, Iran, Mail, Beijing, Canada, Vancouver, Globe, Donald Trump, Huawei, Wall Street Journal


Canada blames US for Huawei CFO arrest backlash that left 2 citizens in Chinese prisons and a 3rd on death row

Canada last month arrested Meng Wanzhou, the chief financial officer of the Chinese telcom giant Huawei, at the request of US authorities. Beijing subsequently detained two Canadians and put another on death row. Canada's ambassador to the US, David MacNaughton, blamed Washington for the backlash in an interview with The Globe and Mail newspaper published Monday. He said the US was "seeking to have the full force of American law brought against" Meng, "and yet we are the ones who are paying th...
Tags: Washington, White House, China, US, Trends, Eu, Iran, Mail, Beijing, Canada, Globe, Donald Trump, Huawei, Wall Street Journal, Business Insider, Reuters


#Qatar National Bank issues 500 mln renminbi in Dim Sum bonds | Reuters

Qatar National Bank issues 500 mln renminbi in Dim Sum bonds | Reuters:Qatar National Bank, the largest bank by assets in the Middle East and Africa, has issued a 500 million renminbi ($73.45 million) bond with a 4.35 percent yield, a bank document showed on Tuesday.The so-called Dim Sum bonds - debt securities issued outside of China but denominated in Chinese renminbi, rather than the local currency - have a three-year maturity and will be used for general corporate purposes.Standard Chartered...
Tags: Travel, China, Africa, Standard Chartered, Middle East, Reuters, Qatar National Bank, Rupert Neil Bumfrey


MIDEAST DEBT-Gulf gets boost as billions pour in before bond index entry | Reuters

MIDEAST DEBT-Gulf gets boost as billions pour in before bond index entry | Reuters:Government bonds issued by Saudi Arabia and four other Gulf states are outperforming debt from other regions, on expectations their inclusion in JPMorgan’s bond indexes will pull in up to $40 billion in foreign investment.JPMorgan told investors in September that Saudi Arabia, Qatar, the United Arab Emirates, Bahrain and Kuwait – all members of the Gulf Cooperation Council – would join its emerging-market governme...
Tags: Travel, Saudi Arabia, Kuwait, Gulf, Reuters, Jpmorgan, Gulf Cooperation Council, United Arab Emirates Bahrain, Saudi Arabia Qatar, Rupert Neil Bumfrey


#UAE open to co-hosting World Cup if #Qatar rift resolved: sports chief | Reuters

UAE open to co-hosting World Cup if Qatar rift resolved: sports chief | Reuters:United Arab Emirates sports chief Mohammed Khalfan al-Romaithi believes the Gulf nation would welcome an approach to co-host the 2022 World Cup if its deep political rift with Qatar is resolved.FIFA President Gianni Infantino has backed a proposal to expand the next World Cup from 32 to 48 teams and has suggested that neighboring countries could host matches.Saudi Arabia, the UAE, Bahrain and Egypt, however, launched...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Fifa, United Arab Emirates, Uae, Gulf, Reuters, Gianni Infantino, Rupert Neil Bumfrey, UAE Bahrain, Mohammed Khalfan al Romaithi


Oil drops nearly 2 percent as China slowdown bites | Reuters

Oil drops nearly 2 percent as China slowdown bites | Reuters:Oil prices fell nearly 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand.The gloomy news from the world’s second-largest economy and top oil importer pulled down financial markets across Asia.International Brent oil futures were down $1.23, or 1.96 percent, at $61.51 a barrel by 1205 GMT. U.S. West Texas Intermediate (WTI) crude futures were down $1 at $5...
Tags: Travel, China, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Asia International Brent


Autogrill submitted a bid for Elior’s Areas business: Reuters

MILAN (Reuters) – Italy’s Autogrill (AGL.MI) has submitted a bid for the railways, motorway and airport catering business of France’s Elior (ELIOR.PA), a source told Reuters on Tuesday. Earlier this month, a separate source told Reuters that Elior was seeking bids by the end of January for its Areas catering business. The source added that around 10 private equity funds – including KKR, Lone Star and Blackstone – were considering making a bid. On the other hand, Italian food producer and distrib...
Tags: Milan, France, Trends, Britain, M&a, Blackstone, Reuters, EBITDA, Reuters Italy, Lagardere, Elior, Autogrill, Autogrill AGL, Elior ELIOR, KKR Lone Star, Cremonini


EU fines Mastercard $648M over cross-border barriers

The fine is the latest in a series of actions over the past decade that the Commission has taken to reduce card fees for merchants.
Tags: Finance, Eu, Article, Commission, Mastercard, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/stocks, Fox-business/industries/retail, 1ad21131-39bf-556c-9900-52b8a6b5eba3


#Saudi lender NCB's quarterly profit rises 3.5 pct | Reuters

Saudi lender NCB's quarterly profit rises 3.5 pct | Reuters:Saudi Arabia’s National Commercial Bank (NCB), the country’s largest lender, saw a 3.5 percent rise in fourth-quarter net profit, according to Reuters calculations, while its annual profit met analysts’ forecasts.The bank, which is in merger talks with Riyad Bank , made a net profit of 2.65 billion riyals ($706.6 million) in the three months to Dec. 31, up from 2.56 billion riyals in the same period of 2017, Reuters calculated from fina...
Tags: Travel, Saudi Arabia, Reuters, National Commercial Bank NCB, Riyad Bank, NCB, Rupert Neil Bumfrey, Samba Financial Group


Exclusive: China accepts Brazil chicken exporters' offer to end anti-dumping case

China's Ministry of Commerce has accepted an offer made by Brazilian chicken exporters to resolve a dumping dispute, a lawyer told Reuters on Monday, lifting shares of Brazil-based chicken exporter BRF SA.
Tags: Money, China, businessNews, Brazil, Reuters, Ministry of Commerce


Japan firms have no plans to strengthen governance after Ghosn arrest - Reuters poll

Three-quarters of Japanese companies have no plan to create committees overseeing compensation or executive nomination, a Reuters poll found, reflecting indifference to boosting governance after the arrest of former Nissan boss Carlos Ghosn.
Tags: Japan, Money, businessNews, Nissan, Reuters, Ghosn


Russia Tries To Force Facebook, Twitter To Relocate Servers To Russia

An anonymous reader quotes a report from Ars Technica: The Russian government agency responsible for censorship on the Internet has accused Facebook and Twitter of failing to comply with a law requiring all servers that store personal data to be located in Russia. Roskomnadzor, the Russian censorship agency, "said the social-media networks hadn't submitted any formal and specific plans or submitted an acceptable explanation of when they would meet the country's requirements that all servers used...
Tags: Facebook, Russia, Tech, Ars Technica, Wall Street Journal, Reuters, Facebook and Twitter, Roskomnadzor, Journal Facebook, Russia Roskomnadzor


German climate proposals could put an end to no-limit Autobahns (engadget)

Germany's Autobahns are legendary for segments with no speed limits, but you might have to wave goodbye to those unfettered driving experiences. Reuters has obtained draft proposals from a transport committee that would cap speeds at 130km/h (about... [Author: Jon Fingas]
Tags: Jon Fingas


Private equity firms circling Nestle’s skin health business, say sources: Reuters

Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle’s (NESN.S) skin health business at about 7 billion Swiss francs ($7 billion), three sources familiar with the matter said. Private equity companies Blackstone (BX.N), KKR (KKR.N), Carlyle, CVC, EQT and Partners Group are also expected to bid and might look for partners, according to the sources, who declined to be identified as the process is private. Nestle launched a review of the unit in Septemb...
Tags: Trends, Unilever, Credit Suisse, L'oreal, Nestle, Reuters, Partners Group, NESN, Perrier, Merz, Paul Bulcke, Evercore, PE Deals, Galderma, Cinven, Nestle Skin Health


UPDATE 1- #Kuwait to boost spending, eyes oil price at $55-$65/bbl | Reuters

UPDATE 1-Kuwait to boost spending, eyes oil price at $55-$65/bbl | Reuters:Kuwait on Monday projected a 4.7 percent rise in spending to 22.5 billion dinars ($74.15 billion) as part of its state budget for the year ending on March 31, 2020, as the major oil producer seeks to spur economic growth.The Kuwaiti Finance Minister Nayef al-Hajraf said he expected the average oil price to range between $55 to $65 per barrel, higher than the projected $50 a barrel in its last budget.Brent crude oil future...
Tags: Travel, Kuwait, Reuters, Rupert Neil Bumfrey, Nayef al Hajraf


#Iran fails to find any buyers for crude offered on exchange | Reuters

Iran fails to find any buyers for crude offered on exchange | Reuters:Iran failed to find any buyers on Monday in its latest attempt to sell oil to private companies for export on the stock exchange, the ISNA news agency reported, in a setback to Tehran’s efforts to bypass U.S. sanctions.Crude oil trade is state-controlled in Iran, but to try to work round U.S. sanctions, the government last year started to sell crude to private buyers through the stock exchange.However, there were no buyers on ...
Tags: Travel, Iran, Tehran, Isna, Reuters, Rupert Neil Bumfrey


WhatsApp Puts New Limit on Message-Forwarding in Effort to Curb Misinformation

WhatsApp, the Facebook-owned chat service, has announced that it will cap the number of messages that can be forwarded at once at five, Reuters reported Monday. The move is WhatsApp’s latest effort to limit the spread of misinformation and fake news on its app.Read more...
Tags: Facebook, Science, India, Whatsapp, Reuters, Misinformation, Fake News


UPDATE 1- #Russia says Japan's Mitsubishi interested in Arctic LNG 2 project | Reuters

UPDATE 1-Russia says Japan's Mitsubishi interested in Arctic LNG 2 project | Reuters:Russia’s energy ministry said on Monday that Japan’s Mitsubishi Corp has expressed interest in participation in the Arctic LNG 2 project, which is due to start producing liquefied natural gas in the next decade.Novatek owns a 90 percent stake in the project, with France’s Total holding the other 10 percent. Novatek intends to keep a 60 percent stake in Arctic LNG 2, offering 30 percent to other investors.Energy ...
Tags: Travel, Japan, France, Russia, Arctic, Mitsubishi, Reuters, Mitsubishi Corp, Energy Ministry, Rupert Neil Bumfrey, Novatek, Arctic LNG


#Russia committed to oil output cuts | Reuters

Russia committed to oil output cuts | Reuters:Russia is committed to its pledges on oil output cuts, Energy Minister Alexander Novak said on Monday, after criticism from Saudi Arabia.Last week, Saudi Energy Minister Khalid al-Falih said Russia was cutting its oil production more slowly than expected.Novak also said he would meet his Saudi counterpart in Davos later this week if Falih attends the world economic forum in the Swiss resort. “It depends on his schedule,” Novak told reporters. [Aut...
Tags: Travel, Russia, Davos, Reuters, Novak, Khalid al Falih, Alexander Novak, Rupert Neil Bumfrey, Falih, Saudi Arabia Last


MIDEAST STOCKS-Financials buoy Egypt, #Saudi inches up on banks | Reuters

MIDEAST STOCKS-Financials buoy Egypt, Saudi inches up on banks | Reuters:Egypt's blue-chip shares rose on Monday, bolstered by financial stocks, while Saudi Arabia reversed early losses as most of its banks gained.Egypt's blue-chip index rose 0.9 percent with its largest bank, Commercial International Bank, gaining 2.2 percent. The bank has gained in the last few sessions after its board decided to increase its authorised capital to 50 billion Egyptian pounds ($2.79 billion) from 20 billion poun...
Tags: Travel, Saudi Arabia, Egypt, Reuters, State, Rupert Neil Bumfrey, Commercial International Bank, Abu Qir Fertilizers


Luxury online reseller The RealReal in talks with banks for IPO, say sources: Reuters

U.S. online luxury reseller The RealReal Inc is talking to investment banks about the possibility of an initial public offering (IPO) later this year, people familiar with the matter said on Friday. The company – which specializes in online secondhand luxury apparel and goods – has sent out a request for proposals to prospective advisors and underwriters to manage the listing this year, said the sources, who asked not to be identified because they were not authorized to speak publicly. The RealR...
Tags: Ipo, Trends, IPOs, Reuters, Perella Weinberg Partners, RealReal Inc, Sandbridge Capital


Saudi Alhokair’s mall unit files for IPO, offering in second quarter: sources

Saudi Arabia’s Fawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter of this year, sources told Reuters on Monday. Arabian Centres Company, which has applied for an IPO with the Capital Market Authority, is eyeing a listing between April and June, said four sources who declined to be named due to commercial sensitivities. Arabian Centres did not respond to requests for comment. Saudi Arabia is encouraging more family-owned companies to list in ...
Tags: Saudi Arabia, Ipo, Trends, Spain, IPOs, Zara, Morgan Stanley, Inditex, Reuters, Riyadh, Tadawul, Moelis, Ritz Carlton Hotel, Morgan Stanley MS N, Samba Financial Group, Capital Market Authority


Saudi Alhokair’s mall unit files for IPO, offering in second quarter, say sources: Reuters

Saudi Arabia’s Fawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter of this year, sources told Reuters on Monday. Arabian Centres Company, which has applied for an IPO with the Capital Market Authority, is eyeing a listing between April and June, said four sources who declined to be named due to commercial sensitivities. Arabian Centres did not respond to requests for comment. Saudi Arabia is encouraging more family-owned companies to list in ...
Tags: Saudi Arabia, Ipo, Trends, Spain, IPOs, Zara, Morgan Stanley, Inditex, Reuters, Riyadh, Tadawul, Moelis, Ritz Carlton Hotel, Morgan Stanley MS N, Samba Financial Group, Capital Market Authority


France’s Casino sells stores to Fortress, hits asset sales target: Reuters

Casino (CASP.PA) has agreed to sell 26 stores worth 501 million euros ($567 million) to Fortress Investment Group, the French supermarket retailer said on Monday, fulfilling an assets sale target set out last year as part of plans to reduce its debt. Casino said it would sell a portfolio comprising hypermarkets and traditional supermarkets to Fortress which will set up a vehicle to acquire and manage the assets. The company will receive an initial 392 million euros from the sale in the first hal...
Tags: France, Trends, Casino, Reuters, Bernstein, Standard Poor, Fortress Investment Group, Rallye, PE Deals, GENC


WhatsApp will only let people forward messages 5 times to fight fake news

WhatsApp is limiting the number of times users can forward messages on to each other from 20 to five, Reuters reports. The change applies to all users. WhatsApp's vice president for policy and communications Victoria Grand announced the change in Jakarta on Monday. The messaging app has already trialled the five-forwards restriction in India, where a series of high-profile lynchings were supposedly sparked by false information going viral on the app. WhatsApp users will now only be able to fo...
Tags: Apple, Facebook, India, Trends, Bbc, Zimbabwe, Jakarta, Reuters, Victoria Grand