Business & Finance News
Oil prices inched up on Wednesday amid supply cuts by producer group OPEC and U.S. sanctions on oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption.
Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.
British engine maker Rolls-Royce said on Wednesday it had agreed with regulatory authorities to inspect some Trent 1000 TEN engines earlier than previously planned after the recent re-emergence of issues related to blade deterioration.
The first electric car for Nissan Motor Co’s premium brand Infiniti will be a sporty sedan produced in China, the Japanese carmaker said in a statement viewed by Reuters ahead of a public announcement expected as soon as Wednesday.
U.S. submarine cable company SubCom said on Thursday it would lay an internet link from Australia to Hong Kong through Papua New Guinea, deepening its involvement in a region where China’s Huawei Technologies Co Ltd has sought to expand.
SK Innovation Co Ltd is in talks to set up separate battery-making joint ventures with Volkswagen AG and Chinese partners, as the South Korean petrochemicals producer aggressively expands its involvement in electric vehicles (EVs).
Asian shares slipped from eight-month highs on Wednesday as the International Monetary Fund lowered its global growth outlook and as the United States and Europe locked horns over tariffs in a fresh escalation of trade tensions.
Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motor and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.
AT&T has internally discussed about selling its HBO Europe business as the telecom group aims to reduce a debt pile of $170 billion, the Financial times reported, citing current and former senior executives.
Oil prices moved little on Wednesday, supported by supply cuts by producer group OPEC and U.S. sanctions against oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption.
Morgan Stanley has won an auction to buy an additional 5.5 percent stake in its China mutual funds joint venture, in a deal that will make it the top shareholder of Morgan Stanley Huaxin Fund Management Co.
Asian shares slipped from eight-month highs on Wednesday as the International Monetary Fund lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated.
Oil prices crept higher on Wednesday, supported by supply cuts by producer club OPEC and U.S. sanctions against oil exporters Iran and Venezuela, but restricted by expectations that an economic slowdown could soon dent fuel consumption.
Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated.
Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering (IPO), and will make public the registration of this offering on Thursday, people familiar with the matter said on Tuesday.
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