Thu May 7, 2015/Reuters Alibaba Group Holding Ltd (BABA.N) named a new chief executive on Thursday, as the Chinese ecommerce group’s blistering growth faces headwinds and less-lucrative mobile transactions surpassed those from personal computers for the first time. Alibaba said Chief Operating Officer Daniel Zhang would on May 10 replace […]

Wed May 6, 2015/Reuters Shell has declared force majeure on exports of Nigeria’s Forcados crude oil stream, a spokesman for the company said on Wednesday. It declared force majeure on the evening on May 5 following “a series of leaks” in the Trans Forcados pipeline that brings the oil to […]

May 4, 2015/Reuters The third-largest shareholder in Holcim (HOLN.VX) said on Monday it has backed the Swiss cement maker’s merger with French rival Lafarge (LAFP.PA). “Harris has voted in favor of the merger,” a spokeswoman for U.S.-based fund manager Harris Associates said in an emailed statement to Reuters. Two-thirds of […]