British American Tobacco plans to lay off 4% of its workforce, including a fifth of senior managers, as recently-promoted chief executive Jack Bowles grapples with challenges to the group’s legacy products and health fears over vaping.
At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest well using a new technology developed by a small services firm that promises to slash the cost of each by $200,000.
China said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a potential de-escalation in a bitter trade war between the two countries.
The European Central Bank is set to unveil fresh stimulus measures on Thursday to prop up the ailing euro zone economy, but its exact moves are far from certain and a decision that underwhelms markets risks pushing up borrowing costs.
When Hong Kong Exchange chief executive Charles Li described his company’s surprise offer for the London Stock Exchange this week as a “a corporate tale of Romeo and Juliet,” listeners outside Asia may have been surprised by the colorful analogy.
Iraq’s and Nigeria’s oil ministers pledged on Thursday to reduce oil output to comply with their OPEC output targets.
China’s Commerce Ministry said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a thaw emerging in a bitter trade war between the two countries.
Hong Kong stock exchange shares fell more than 3% on Thursday as investors raised concerns about the political and regulatory risks involved in its $39 billion approach to take over London Stock Exchange (LSE) .
Waymo is exploring deploying its self-driving technology in the trucking industry, CEO John Krafcik said on Thursday, as it works with industry partners to seize a commercial opportunity from a looming shortage of human drivers.
Mexico’s $5 billion rescue package to pay down debt at Pemex [PEMX.UL] is a one-of-a-kind transaction that should give the struggling state oil company breathing space to focus on output and costs, Deputy Finance Minister Gabriel Yorio said.
China’s Commerce Ministry said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a thaw emerging in a bitter trade war between the two countries.
British American Tobacco Plc said on Thursday it would lay off 2,300 employees globally by January, about 4% of its workforce, as the world’s second largest tobacco company by sales focuses on newer smoking options such as e-cigarettes.
The head of Nissan Motor Co’s China business and an executive tasked with leading its revival have emerged as two of the top candidates to take over as the next CEO of the troubled Japanese automaker, four people familiar with the matter said.
As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers unwilling or unable to pay mounting tariffs.
The world’s largest brewer, Anheuser-Busch InBev , which shelved a Hong Kong IPO of its Asia Pacific unit in July, is planning to raise about $5 billion from a revived float, people with knowledge of the matter said.
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