Hyundai Motor Group to invest $35 billion in future automotive tech
Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea’s top automaker accelerates its attempts to catch up in the self-driving car race.
Oil prices extend fall on China, global demand concerns
Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer’s energy demand growth.
London retains global finance throne amid Brexit chaos
From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit.
Volkswagen delays final decision on Turkey plant – Handelsblatt
Volkswagen has postponed its final decision to build a car plant in Turkey amid international criticism of the country’s military operation in northern Syria and concerns about potential reputational fallout, Handelsblatt reported on late on Monday.
Oil prices extend losses into second session on weak China data
Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer’s energy demand growth.
Global stocks, pound rise on cautious Brexit deal hopes
Asian stocks and the pound gained on Tuesday as investors held out hope that Britain still had a chance of avoiding a messy exit from the European Union at key negotiations this week.
Groups bidding for PES refinery due to tour fire-damaged site: sources
Groups vying for the idled Philadelphia Energy Solutions oil refinery have entered the second phase of the bidding process and are gearing up for visits to the plant, according to three sources familiar with the matter.
Exxon Mobil, India’s ONGC sign expertise-sharing deal
Global energy giant Exxon Mobil Corp will offer its expertise and technology to India’s biggest state-owned explorer Oil and Natural Gas Corp Ltd to help develop its resources in offshore blocks, according to two sources directly privy to the develop…
WeWork prefers JPMorgan’s financing package over SoftBank’s control: Bloomberg
Shared office space company WeWork Companies Inc is leaning toward a near $5 billion financing package led by JPMorgan Chase & Co , instead of selling a controlling stake to Japan’s SoftBank Group Corp , Bloomberg reported https://bloom.bg/2pl8JmL late on Monday.
Stocks rise on cautious Brexit deal hopes, oil extends losses
Asian stocks and Wall Street futures inched higher on Tuesday as some investors held out hope that Britain still had a chance to avoid a messy exit from the European Union at key negotiations this week.
