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Schlumberger takes $12 billion charge as CEO charts new course
(October 18 22:50) Reuters.com Business
Schlumberger NV's new chief executive wielded an axe to the company's asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.
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Battling slowing sales, insurer AIA hires new CEO from rival Ping An
Asia-focussed insurer AIA Group Ltd on Friday named a senior executive at Chinese rival Ping An Insurance Group Co as its chief executive officer to replace company veteran ...
(17:27) Reuters.com Business
KKR reaches halfway in $3 billion Asia infrastructure fundraising: source
Global private equity group KKR & Co has raised $1.5 billion for its first Asia-focused infrastructure fund, roughly half the total targeted, one person with direct knowledge said. ...
(17:24) Reuters.com Business
China's Xi: Should strengthen communication with U.S. to avoid misjudgment - Xinhua
Chinese President Xi Jinping said on Friday that Beijing and Washington should strengthen communication on strategic issues in order to avoid misjudgment and misunderstanding, China's official Xinhua News Agency reported. ...
(17:09) Reuters.com Business
South African Airways signs wage deal with non-striking union
South African Airways (SAA) signed a deal on Friday with a union not involved in a strike that has crippled the heavily indebted carrier, giving its members a 5.9% pay ...
(17:02) Reuters.com Business
Global shares inch up, but trade worries linger
Global stocks inched up on Friday, lifted by China's renewed offer to work out a trade pact with Washington, but gains were limited by uncertainty over how the 16-month-old trade ...
(17:44) Reuters.com Business
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