Business & Finance News
Japanese car parts maker Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s high-tech parts-making unit Magneti Marelli unit for 6.2 billion euros ($7.1 billion), the companies said.
Oil prices rose on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.
Goldman Sachs Group Inc has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by Reuters, adding to leadership changes at the bank with CEO David Solomon taking over this month.
The new North American trade agreement ends key legal protections for many U.S. businesses operating in Mexico, leaving their operations exposed to a risk they had avoided under the old trade deal: Mexico’s court system.
The Japanese government is set to tell Facebook Inc to better protect its users’ personal data after a leak involving British firm Cambridge Analytica that affected 87 million users globally, Kyodo News reported on Monday.
Oil prices edged up on Monday, as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.
Highly leveraged property firm China Evergrande Group is in talks with financial institutions to raise about $1.5 billion this month by offering its Hong Kong office tower as collateral, two sources with direct knowledge of the matter said.
Asian share markets pared early losses on Monday as Chinese stocks swung higher for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.
Oil prices edged up on Monday, as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.
Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran’s crude exports, but held back by rising drilling activity in the United States.
A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels is nearing completion on the first tunnel, Musk said on Twitter on Sunday.
Sears Holdings Corp Chairman Eddie Lampert is in discussions with at least one potential partner to contribute to a $300 million bankruptcy loan the U.S. retailer is seeking, people familiar with the matter said on Sunday.
Asian share markets fell anew on Monday as investors braced for the peak of the U.S. earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and center.
The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the U.S.-China trade war and tightening financial conditions would trigger the next downturn.
CBS Corp interim chairman Richard Parsons has resigned from the board for reasons of ill health about a month after joining, the company said in a statement on Sunday.
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