british

Slack data management exposed BP to high safety risk: leaked report

BP's refining operations are exposed to high safety risks that can lead to deadly accidents and pollution as a result of slack data management and a lack of investment, according to a leaked internal report from 2015. The report, co-authored by BP, IBM and industry consultancy WorleyParsons , states that the British company's refining and petrochemical business, known as downstream, is trailing rivals such as Royal Dutch Shell by up to seven years in managing information to reduce safety risks and financial losses. “Inadequate management and use of engineering…

Here is the original post:
Slack data management exposed BP to high safety risk: leaked report

british

British pension funds warn on any Fox/Sky deal

British public sector pension funds on Tuesday called for an “appropriate” premium in any potential deal between Twenty-First Century Fox and Sky as well as for safeguards to protect minority shareholders. Rupert Murdoch's Twenty-First Century Fox Inc aims to table a firm cash bid valuing Sky at 10.75 pounds ($13.66) per share as early as Wednesday …

Originally posted here: 
British pension funds warn on any Fox/Sky deal

british

BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal

British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. The cash-and-stock deal would mark the return of BAT to the lucrative and highly regulated U.S. market after a 12-year absence, making …

More:
BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal

british

‘Flash crash’ thrashes sterling; dollar slides on U.S. jobs data

By Richard Leong and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling plunged on Friday after what traders called a “flash crash” knocked the currency to a 31-year low, while the dollar slipped on news of unexpectedly weak U.S. jobs growth in September. “I think it’s a warning shot from the markets to the UK about what type of potential volatility …

View original post here: 
‘Flash crash’ thrashes sterling; dollar slides on U.S. jobs data

british

Finance leaders issue fresh warnings amid Deutsche worries, pound rout

World finance leaders issued fresh warnings about economic stability risks on Friday amid worries about a massive U.S. fine for Deutsche Bank destabilizing Germany's largest bank, a sharp fall in the British pound and weak global growth. Jeroen Dijsselbloem, the chairman of euro zone finance ministers, said that the U.S. Department of Justice's demand that Deutsche Bank pay $14 billion for its role in the sub-prime mortgage crisis is too big and will undermine financial …

The rest is here: 
Finance leaders issue fresh warnings amid Deutsche worries, pound rout

british

U.S. lawsuits link Malaysian leader to stolen money from 1MDB fund

By Rozanna Latiff and Joseph Sipalan KUALA LUMPUR (Reuters) – Malaysian Prime Minister Najib Razak said on Thursday judgment should be withheld until all the facts are known after the U.S. government filed lawsuits seeking to seize $1 billion in assets bought with money stolen from a state fund he oversaw. The U.S. Justice Department lawsuits filed in a federal court on Wednesday did not name Najib, instead referring to “Malaysian Official 1.”…

Read the original: 
U.S. lawsuits link Malaysian leader to stolen money from 1MDB fund

british

Musk’s Tesla ‘master plan’ big on vision, short on details

“The plan is like before – or like much of what Tesla does – long on exciting visions of the future and short on financial details,” Barclays Capital analyst Brian Johnson said in a note to clients. In a blog post titled “Master Plan, Part Deux”, Musk also restated his argument that Tesla should acquire solar panel installer SolarCity Corp .

Original post:
Musk’s Tesla ‘master plan’ big on vision, short on details

british

SABMiller to scrutinize AB InBev mega-deal after regulator approval: chairman

By Freya Berry LONDON (Reuters) – The chairman of SABMiller said the brewer would consider the attractiveness of a $107 billion offer by Anheuser Busch InBev after the merger had undergone the regulatory process. The takeover of the London-listed brewer has come under scrutiny in recent weeks as a drop in the British currency has reduced the relative attractiveness of the all-cash offer aimed at most SAB shareholders. A source familiar with the matter told Reuters on Wednesday that the company's board was weighing the…

More here: 
SABMiller to scrutinize AB InBev mega-deal after regulator approval: chairman

british

Japan eyes help for small business in stimulus plan after Brexit

Japan is likely to include assistance for small businesses in an economic stimulus package it will compile after Britain's shock vote to leave the European Union, Economy Minister Nobuteru Ishihara said on Tuesday. Japanese policymakers also said financial markets are starting to calm down after the Brexit vote last week, but repeated that they want…

Original post: 
Japan eyes help for small business in stimulus plan after Brexit

british

Intel considers sale of cyber security business: FT

NEW YORK (Reuters) – Chipmaker Intel Corp is considering the sale of its cyber security business, the Financial Times reported on Sunday. According to the report, the company has been talking to its bankers about options for the Intel Security unit, which was previously known as McAfee. Intel bought McAfee for $7.7 billion in 2011. A spokesperson for Intel could not be immediately reached for

Read the original here:
Intel considers sale of cyber security business: FT

Next Page »