S&P Global Platts sees Saudi oil strikes driving up risk premium in crude market
Attacks on Saudi oil plants have boosted concerns about supply security in the Middle East and should raise the risk premium in the global crude market, shifting focus from a gloomy economic backdrop, S&P Global Platts said on Sunday.
Saudi oil exports to run as normal from stocks this week: source
Saudi Arabia’s oil exports will continue as normal this week as the kingdom taps into stocks from its large storage facilities, an industry source briefed on the developments told Reuters on Sunday.
Axel Springer plans layoffs after KKR becomes biggest shareholder: report
Axel Springer is planning layoffs as part of a cost-cutting program that would mainly affect its newspapers, the German media group’s chief executive told the Sueddeutsche Zeitung in an interview released on Sunday.
As talks falter, UAW calls first national strike against GM since 2007
The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight on Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 …
Germany’s car watchdog sets Audi ultimatum to remove illegal diesel software: report
Germany’s motor vehicle authority (KBA) has told Volkswagen’s premium brand Audi that it faces penalties for its failure to remove illegal software from diesel cars that can manipulate emissions levels, the Bild am Sonntag (BamS) newspaper reported.
Benetton holding says dismayed by road probe, hints at action
Edizione, the Benetton family holding company which has a controlling stake in Italian infrastructure group Atlantia , said at the weekend it was dismayed by revelations of alleged safety violations in its road operations.
GM’s UAW workers to go on nationwide strike for first time in 12 years
The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 yea…
UAW to strike against GM starting Sunday evening
The United Auto Workers (UAW) said that its members will go on strike against General Motors Co as of Sunday evening, after a lack of progress in contract talks on key issues from wages to health care benefits, temporary employees, job security and pro…
After LSE’s sharp rebuff, HKEX begins investor charm offensive
Hong Kong Exchanges and Clearing is embarking on a three-week charm offensive with London Stock Exchange investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer.
UAW threatens a walkout at GM after contract expires
The United Auto Workers (UAW) turned up the pressure on General Motors Co, threatening a strike by Sunday night if the company does not agree to its terms and ordering 850 maintenance workers at five GM facilities to walk off the job.
