MOSCOW (Reuters) - Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of U.S. secondary sanctions, eight sources familiar with the matter said. Payment delays reduce revenue to the Kremlin and make them erratic, allowing Washington to achieve...

(Reuters) -The U.S. Food and Drug Administration on Tuesday approved Merck's treatment for adults with high blood pressure due to constriction of lung arteries, adding another potential blockbuster drug to the pharmaceutical giant's portfolio. Shares of Merck were up more than 4% in extended trading. The therapy, branded Winrevair, is approved for treating pulmonary arterial hypertension (PAH), which affects about...

BERLIN (Reuters) - Between seven and 10 companies have made non-binding offers for Schenker, the logistics subsidiary of German national rail company Deutsche Bahn, the Handelsblatt business daily reported on Wednesday, citing sources familiar with the matter. Among those companies are Danish group DSV and shipping company Maersk, as well as financial investors, according to the report. The group of...

ROME (Reuters) - Italian bank UniCredit and payments company Nexi have agreed on the broad principles to renegotiate their existing agreement, the Il Sole 24 Ore newspaper reported on Wednesday. The deal will be revised under more favourable terms for UniCredit and is set to be finalised in the coming months, the daily reported, citing unspecified own sources. UniCredit had...