Business & Finance News
Nissan Motor Co is optimistic about partnering with a combined Renault and Fiat Chrysler (FCA), as long as it can protect the ownership of technology developed over two decades of working with Renault, a senior executive told Reuters.
Oil prices edged higher on Monday after reassurances from top oil exporter Saudi Arabia offered some respite from last week’s heavy losses as deepening U.S. trade wars fanned fears of a global economic slowdown.
A kilo of vanilla beans costs more than a kilo of silver.
Glencore’s head of oil, Alex Beard, who helped make the firm one of the world’s top three oil trading houses, will retire this month, the company said on Monday in yet another management shake-up amid U.S. probes into its activities.
Infineon has agreed to buy Cypress Semiconductors in a deal that values the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion) including debt, sending shares in the German company lower on concerns over the cost.
Factory activity contracted across Asia and Europe last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers to roll out more stimulus.
Goldman Sachs Group Inc said on Monday that West Street Capital Partners VII, a fund managed by the company’s merchant banking unit, will acquire Capital Vision Services LP, to bolster their portfolio in the healthcare services sector.
Investors sought the safety of government bonds, the yen, the Swiss franc and gold on Monday, as rising trade tensions dented stocks again and pushed oil close to bear market territory.
Korean Air Lines Co Ltd’s chief executive on Monday said ownership discussions are ongoing with family members after their patriarch’s sudden death in April raised questions about the future of the airline and parent Hanjin Group.
Azerbaijan airline AZAL has canceled a $1 billion contract with Boeing to purchase 10 737 MAX jets, a spokesman said on Monday, following the fatal crashes involving the aircraft in Ethiopia and Indonesia.
Oil prices plunged by more than 1.5% to below $61 a barrel on Monday, extending last week’s heavy losses as deepening U.S. trade wars fanned fears of a global economic slowdown.
Glencore’s long-serving head of oil, Alex Beard, who helped make the firm one of the world’s top three oil trading houses, will retire this month, the company said on Monday as it faces mounting U.S. probes into its activities.
Thyssenkrupp shares extended their losses on Monday and fell to their lowest levels in almost 16 years.
JetBlue Airways Corp is in discussions with Airbus SE about the European planemaker’s plans for a longer-range version of its A321neo family as it prepares to jump into the transatlantic market, Chief Executive Robin Hayes said on Monday.
Infineon has agreed to buy Cypress Semiconductors in a deal valuing the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion), including debt, the German company said on Monday.
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