SINGAPORE (Reuters) – U.S. oil prices edged up on Tuesday as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude, their main feedstock.
SYDNEY (Reuters) – Private equity giant Blackstone Group canceled the sale of a A$3.5 billion ($2.8 billion) Australian shopping mall portfolio after it was unable to find a buyer, a source familiar with the matter said on Tuesday.
SEOUL (Reuters) – Hyundai Motor said on Tuesday it had suspended production at one of its China factories due to a supply disruption.
TOKYO (Reuters) – Stock markets were under pressure on Tuesday after a global selloff the previous day in the wake of North Korea’s most powerful nuclear test at the weekend, while safe havens such as gold remained firm.
SINGAPORE (Reuters) – U.S. oil prices edged up on Tuesday as the gradual restart of Gulf of Mexico refineries following forced shutdowns due to Hurricane Harvey raised demand for crude, their most important feedstock.
(Reuters) – Aerospace supplier United Technologies Corp has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc , the companies said on Monday, in a deal that bulks up UTC’s power with plane makers by creating one o…
(Reuters) – Jet-engine maker United Technologies Corp has agreed to buy aircraft parts manufacturer Rockwell Collins Inc for $30 billion, the companies said.
NEW YORK (Reuters) – U.S. crude oil prices edged higher on Monday while gasoline prices slumped to pre-Hurricane Harvey levels, as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity, easing supply concerns.
LONDON/MILAN/BERLIN (Reuters) – German carmaker Volkswagen has put the 1.5 billion-euro ($1.8 billion) sale of Ducati motorcycles on hold after resistance from German trade unions and internal rifts on strategy, sources familiar with the matter told R…
PARIS/GENEVA (Reuters) – The World Trade Organization has reversed a ruling that Boeing received prohibited support for its newest aircraft, dealing a blow to the European Union in its long-running row with the United States over subsidies.
LONDON (Reuters) – Stocks and the dollar fell on Monday while the Japanese yen, gold and sovereign bonds rose after North Korea’s most powerful nuclear test to date dampened investor appetite for risk.
FRANKFURT (Reuters) – The European Commission on Monday approved a German bridging loan for Air Berlin that will keep the insolvent airline’s planes flying while it tries to find buyers for its assets.
GENEVA/PARIS (Reuters) – The World Trade Organization delivered a setback to the European Union in a long-running trade row with the United States over aircraft subsidies on Monday, reversing a ruling that Boeing had received prohibited support for its…
ZURICH (Reuters) – Novartis CEO Joe Jimenez will step down on Feb. 1 and hand over to drug development chief Vas Narasimhan to decide the fate of $50 billion in assets and make good on a pledge to return the Swiss company to sales growth.
BERLIN (Reuters) – Chancellor Angela Merkel’s support for collective lawsuits could force Volkswagen to offer to compensate owners of diesel cars in Germany as it has done in the United States over manipulated emissions tests.
LONDON (Reuters) – The trial of three former senior executives at Tesco accused of fraud and false accounting was adjourned on Monday until Sept. 25.
DHAKA (Reuters) – Bangladesh’s central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve last year and routed through a bank in M…
FRANKFURT/BERLIN (Reuters) – A German businessman joined the field of potential bidders for insolvent Air Berlin on Monday, proposing to focus on only a few routes to holiday destinations.
LONDON (Reuters) – Benchmark U.S. gasoline prices fell by more than 4 percent on Monday as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity after Hurricane Harvey subsided, easing concerns over supply shortages in the world’s…
SEOUL (Reuters) – A South Korean court on Monday rejected Qualcomm Inc’s request to suspend an order by the country’s antitrust agency to take corrective action on the way it licenses patents.
LONDON (Reuters) – Stock markets fell and the yen, gold and sovereign bonds rose on Monday as North Korea’s most powerful nuclear test provoked a knee-jerk shift to safe havens.
HOUSTON (Reuters) – The U.S. Gulf Coast moves closer to recovery from Hurricane Harvey on Monday when the biggest American fuel system restarts a key segment shut down by devastating rains and officials weigh how to pay for billions of dollars in dama…
SYDNEY (Reuters) – The Japanese yen, gold and sovereign bonds all rose on Monday as North Korea’s latest nuclear test, and reports Pyongyang was making preparations for another missile launch, provoked the usual knee-jerk shift to safer harbours.
ZURICH (Reuters) – Novartis Chief Executive Joseph Jimenez will retire in 2018, with chief drug developer Vasant Narasimhan taking over as CEO starting in February, the Swiss drugmaker said on Monday.