Oil prices fall nearly 2% on China data, trade war jitters
Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal despite signs of a truce last week.
Keen to develop self-driving cars, Hyundai Motor Group unveils $35 billion investment plan
Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be directed to an ambitious effort to become more competitive in self-driving cars that has also received gove…
Former Thomas Cook boss defends record, pay after firm’s collapse
The former chief executive of bankrupt travel firm Thomas Cook said on Tuesday he understood public anger over his pay but defended his record, saying he had worked tirelessly to try to save the company.
Blackstone plans to launch tender offer for Japan’s Unizo
Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Japan’s Unizo Holdings at 5,000 yen a share, doubling down on its $1.6 billion offer after the proposal was rebuffed by the hotel chain.
Tesla to start Powerwall home battery installations in Japan
Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product’s debut in Asia.
Neil Woodford sacked as flagship Equity Income Fund to be shut
Neil Woodford has been ousted from his flagship LF Woodford Equity Income Fund which will be shut down to pay back investors whose money has been trapped since June.
Phase-out of Airbus, Boeing jets hits FACC’s operating profit
Plane parts maker FACC’s operating profit fell 6% in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets being phased out and start-up costs for new cabin interiors bit.
Blackstone to launch tender offer for Japan’s Unizo
Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Japan’s Unizo Holding at 5,000 yen ($46) a share, firing back after its earlier bid for the hotel chain was rebuffed.
Volkswagen postpones final decision on Turkey plant: spokesman
Volkswagen has postponed the final decision whether to build a car plant in Turkey, a company spokesman said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational fallout.
Neil Woodford says ‘cannot accept’ closure of his flagship fund
Fund manager Neil Woodford has criticized a fund administrator decision to close his suspended flagship fund on Tuesday, after a four-month lockdown that has seen values plunge by hundreds of millions of pounds.
