Business & Finance News
The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project.
German rail operator Deutsche Bahn wants to sell its Arriva international subsidiary to plug a 4 billion euro ($4.6 billion) financing gap, though Britain’s looming exit from the European Union is making it hard to value the business, a source close to the plans told Reuters on Sunday.
Germany’s antitrust authority has expressed concerns to the European Union’s competition watchdog about the planned merger of the rail operations of Siemens and France’s Alstom , a newspaper reported on Sunday.
Germany’s Federal Motor Transport Authority (KBA) is considering recalling more Volkswagen cars due to its emissions, scandal, the Bild am Sonntag newspaper reported on Sunday.
The U.S. ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick to the project, a senior U.S. official said on Sunday.
Israel’s state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero have offered to buy unmanned aerial vehicle maker Aeronautics for 850 million shekels ($232 million).
Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported on Sunday.
Israeli unmanned aerial vehicle maker Aeronautics said on Sunday it received an offer to be acquired by state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero for 850 million shekels ($232 million).
Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly return to balance, but oil producers are willing to do more if needed.
Saudi Energy Minister Khalid al-Falih said on Sunday in Abu Dhabi he saw no need for an extraordinary meeting of the Organisation of Petroleum Exporting Countries before April.
Saudi Aramco will issue bonds which will probably be in the 10 billion range, Saudi Arabia’s energy minister said on Sunday.
Chinese telecommunications equipment maker Huawei said on Saturday it had sacked an employee arrested in Poland on spying charges in a case that could intensify Western security concerns about the company.
Major port operator DP World said on Sunday it had agreed to acquire a 71.3 percent stake in Chile’s Puertos y Logistica (Pulogsa) from Minera Valparaiso and other shareholders associated with the Matte Group.
Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday.
Oil producer group OPEC is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi.
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