Business & Finance News
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Plans to build another privately-financed power station in Nigeria to help end decades of chronic blackouts have been delayed because of concerns about persistent shortfalls in payments for electricity across the sector.
A Paris court on Friday fined French oil group Total 500,000 euros for bribing foreign public officials in a case related to contracts in Iran in 1997.
Ford Motor Co said Friday it is recalling 874,000 pickup trucks in North America with engine block heaters for fire risks.
A decade ago, Canada’s oil sector was growing so fast it was predicted to become a global energy superpower, but a series of political missteps and formidable environmental activism has created a dysfunctional system requiring OPEC-style government intervention to move its oil to market.
Japan’s Mitsui & Co Ltd , Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek’s Arctic LNG 2 project, with the size of the investments still to be decided, sources familiar with the talks told Reuters.
Models testing fashion brands like Adidas, Benetton and Gap are finding that almost a third of the shoes and clothes they try on are bigger or smaller than the size on the label indicates, explaining why many clothes bought online are sent back.
The German food retailer Kaufland on Friday said that it was dropping Unilever products from its shelves to protest against price increases.
World stocks extended a steep sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxieties over the trajectory of global economic growth.
The possible withdrawal of Japanese conglomerates from nuclear export projects in Britain and Turkey would leave the nuclear newbuild industry open to Russian and Chinese state-owned companies as Western private firms struggle to compete.
Taiwan’s Foxconn , Apple Inc’s iPhone assembler, is in the final stages of talks with the local government of the Chinese city of Zhuhai to build a chip plant there with a total investment of about $9 billion, the Nikkei business daily reported on Friday.
Toshiba Corp has no immediate plans to sell its 40.2 percent stake in Toshiba Memory Corp, its chief executive told Reuters, as the world’s No. 2 producer of NAND flash memory chips prepares to go public within the next three years.
World stocks extended a steep sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxieties over the trajectory of global economic growth.
Taiwan’s Foxconn and its Japanese electronics unit Sharp Corp are in the final stages of talks to build an advanced chip plant in Guangdong, China, with a local government, the Nikkei business daily reported.
SoftBank Group Corp is nearing a deal to invest $1.5 billion in Grab, three times a previously expected $500 million, as Southeast Asia’s biggest ride-hailing firm looks to expand, a person with knowledge of the matter said.
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