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Stuff that matters

Roche chairman sees greater flexibility after Novartis deal

Roche’s (ROG.S) $20.7 billion move to buy back nearly a third of its voting stock from fellow Swiss drugmaker Novartis (NOVN.S) will give it more strategic flexibility, Chairman Christoph Franz

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China’s forex reserves rise in Oct for first time since July

China’s foreign exchange reserves in October rose on a monthly basis for the first time since July, official data showed on Sunday, as the dollar slipped against a basket of

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China’s Oct trade surplus with the United States at $40.75 bln

China’s trade surplus with the United States was $40.75 billion in October, Reuters calculations based on customs data showed on Sunday, down from $42 billion in September. For the first

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China’s crude oil imports in Oct fall to lowest in three years

China’s crude oil imports plunged in October to the lowest since September 2018, as large state-owned refiners withheld purchases because of rising prices while independent refiners were restrained by limited

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Musk asks Twitter followers whether he should sell 10% of Tesla stock

Tesla Inc (TSLA.O) Chief Executive Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10% of his Tesla stock. The world’s

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Credit Suisse Chairman Horta-Osorio says big investors back overhaul

Credit Suisse’s (CSGN.S) big shareholders back the scandal-hit bank’s new strategy, Chairman Antonio Horta-Osorio told Swiss newspaper NZZ am Sonntag, adding the group would also overhaul its pay system for

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Ant Group starts to differentiate consumer loan business Jiebei from bank loans

China’s Ant Group said on Monday that it is making efforts to “differentiate” part of its short-term consumer loan business Jiebei, as it pursues a Beijing-led restructuring aimed at reining

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