(Reuters) – Tesla Inc Chief Executive Elon Musk faces votes at Tuesday’s shareholder meeting that will challenge his grip on the electric carmaker, but he may be able to count on some powerful friends: big fund managers likely to be fans.
LONDON (Reuters) – Oil prices fell on Monday as U.S. production hit a record high and as OPEC members considered boosting supply.
Good morning there! Apple’s big developer showcase starts later today. We’re …read more […]
HONG KONG (Reuters/IFR) – Chinese smartphone and connected device maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in mainland China while offering the remainder in Hong Kong, said people with knowledge of the matter.
MOSCOW (Reuters) – Russia’s technical safety watchdog Rosstandart said on Monday it had approved a plan of action with regards to a voluntary recall of 1,426 Mercedes-Benz Sprinter Classic cars sold in October-December of 2017.
SEOUL (Reuters) – Hyundai Motor on Monday conducted due diligence on a contract car manufacturing plant site for possible investment, as the South Korean firm seeks ways to cut costs and conserve capital to develop new technologies such as electric vehicles.
LONDON (Reuters) – Global shares rose on Monday as worries over a trade war between the United States and other major economies took a back seat, with investors focusing on an easing of political risks in Europe and strong U.S. jobs data.
TOKYO (Reuters) – Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals.
BEIJING (Reuters) – China’s door to talks is open in principle, the country’s Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs.
JOHANNESBURG (Reuters) – Global auditor KPMG said on Monday it will layoff 400 people as it closes offices in South Africa following a corruption scandal that resulted in the firm losing several major clients.
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FRANKFURT (Reuters) – The chief executive of Metro is hopeful that the German retailer will turn around its struggling Russian business soon, he said on Monday.
LONDON (Reuters) – Oil prices steadied on Monday as U.S. production hit a record-high and OPEC members considered boosting supply to balance rising global demand.
FRANKFURT (Reuters) – Germany’s Bayer will wrap up the $63 billion takeover of Monsanto on Thursday and also retire the U.S. seeds maker’s 117 year-old name.
MOSCOW (Reuters) – Russian gas company Gazprom said on Monday it would loan up to 2.14 billion euros ($2.5 billion) to its subsidiary South Stream Transport B.V. which is overseeing the construction of the TurkStream undersea gas pipeline to Turkey from Russia.
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