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Norway's $900 bln sovereign fund told to reduce coal assets

OSLO, May 27 - Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday.

1:17am IST

Two die in illegal gold mine near Tahoe project in Peru

LIMA, May 27 - A 17-year-old boy and a 21-year-old man working in an illegal gold mine in northern Peru near Tahoe Resources Inc Shahuindo project died after inhaling noxious fumes 500 feet underground, a public prosecutor said on Wednesday.

27 May 2015

Merck offers EU concessions over $17 bln Sigma-Aldrich buy

BRUSSELS, May 27 - German drugmaker Merck has offered concessions in a bid to convince European Union antitrust regulators to clear its proposed $17 billion acquisition of U.S. peer Sigma-Aldrich Corp.

27 May 2015

UPDATE 1-Alibaba-affiliated online bank get green light from China regulator

SHANGHAI, May 27 - China's banking regulator has given a green light to MYbank, the online bank affiliated with Chinese e-commerce giant Alibaba Group Holding Ltd, to start operating.

Alibaba-affiliated MYbank given green light to open

SHANGHAI, May 27 - China's banking regulator has granted permission to operate to MYbank, the online bank affiliated with Chinese e-commerce giant Alibaba Group Holding Ltd.

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Reuters poll - RBI expected to cut rates by 25 bps to 7.25 pct on June 2

REUTERS - The Reserve Bank of India is likely to cut its benchmark interest rate by 25 basis points to 7.25 percent when it meets early next week and make a similar move before December, according to the results of a Reuters poll.