Business & Finance News
The Brazilian government will reevaluate the terms of pre-salt auctions, including the signing bonuses and profit oil required from bidders, Brazil’s mines and energy minister said on Thursday, after a round that was widely seen as disappointing.
Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up promising offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA .
Regulatory interest in iPhone maker Apple’s mobile payment service was triggered by multiple expressions of concern, Europe’s antitrust chief said on Thursday.
Lufthansa announced plans on Thursday for more cost cuts and delivered better-than-expected results, sending shares higher even as a cabin crew strike posed a further challenge to the German airline’s efforts to revive profits.
Fresh from the WeWork debacle, SoftBank CEO Masayoshi Son says he now aims to be more cautious about the timings of IPOs, a shift that could squeeze the Japanese company’s funding and increase its reliance on its lower-growth telecom business.
Wall Street’s main indexes hit fresh record highs on Thursday, rallying on signs of progress in U.S.-China trade relations and another batch of largely upbeat earnings reports.
Oil rose above $62 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.
Europe’s antitrust chief Margrethe Vestager said on Thursday that she has received many expressions of concerns regarding iPhone maker Apple’s mobile payment service.
A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc affiliate said on Thursday the risk of providing driver ride-hailing coverage had become too great and that it had mispriced policies during its initial years on the account.
The S&P 500 and Dow Jones indexes hit record highs on Thursday, helped by gains in technology stocks on signs of progress in U.S.-China trade relations and a fresh batch of largely upbeat earnings reports.
Global private equity group KKR & Co Inc is targeting a record $15 billion for a new Asia-focused buyout fund, three sources with knowledge of the plan told Reuters.
Wall Street’s main indexes were set to hit record highs on Thursday, boosted by signs of progress in U.S.-China trade relations and a fresh batch of largely upbeat earnings reports.
Lyft Inc on Thursday said it was rolling out an offer to users in Los Angeles, San Francisco and Chicago to sell their cars in exchange for credit on the ride-hailing platform.
Brazil held a second underwhelming oil auction in as many days on Thursday, as major global oil firms passed again on offshore blocks billed as among the world’s most promising.
Airbus is overhauling the management of its supply chain and speeding up assembly at a plant in China as it faces ongoing industrial problems at home in Germany, industry sources said.
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