Nissan plans sale of Trading unit in $1 billion deal: Bloomberg
Nissan Motor Co Ltd is looking to sell its vehicle parts and materials distribution business in a deal that may be valued at about $1 billion, Bloomberg reported on Wednesday, as the struggling Japanese automaker seeks to slim down.
Saudi envoy says Iran was behind attacks on oil facilities
Saudi Arabia’s ambassador to London said on Wednesday that Iran was almost certainly behind attacks on Saudi oil facilities.
U.S. lawmakers urge Trump administration to restore India’s trade privileges
Forty-four members of the U.S. Congress have urged President Donald Trump’s trade representative to restore trade concessions to India, saying the withdrawal of the privilege had led to retaliatory tariffs from New Delhi which were hurting U.S. industr…
Window closing fast for WeWork parent to launch IPO this year
WeWork owner The We Company faces strong headwinds in achieving its goal of launching an initial public offering (IPO) by the end of the year after postponing it this month, fund managers and capital markets professionals said.
Japan defense minister: Not aware of any Iran involvement in Saudi attacks
Japan has not seen any intelligence that shows Iran was involved in the recent attacks on Saudi Arabian oil facilities, Japan’s new defense chief said on Wednesday.
Britain orders security investigation into Cobham-Advent deal
The $5 billion acquisition of British defence company Cobham by U.S. private equity firm Advent International could be blocked on national security grounds after the government ordered an investigation into the agreed deal.
Oil retreats on Saudi supply reassurance, Fed in limelight
Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month’s end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.
France sending experts to investigate Saudi oil attack: Elysee
France will send experts to Saudi Arabia to help with investigations into an attack on Saudi oil installations, President Emmanuel Macron’s office said on Wednesday.
Explainer: The Fed has a repo problem. What’s that?
As if the U.S. Federal Reserve did not already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curveball.
From oil shocks to funding strains, Fed confronts new complexities
The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowi…
