Apple places $7 billion in return to bond market
Apple Inc said on Thursday it had sold $7 billion of bonds at yields ranging up to 103 basis points over the equivalent U.S. Treasury on maturities of up to 30 years, its first such debt issues since November 2017.
Unipec resells U.S. oil to India, South Korea after China tariffs -sources
China’s Unipec is reselling some of the crude oil it imports from the United States to buyers in India and South Korea to avoid tariffs Beijing imposed in its trade war with the U.S., three sources with knowledge of the matter said on Thursday.
Fashion brand Zara seeks to distance itself from Hong Kong controversy
Spanish fashion brand Zara, seeking to avoid becoming embroiled in controversy over protests in Hong Kong, issued a statement on Chinese social media expressing support for China’s sovereignty over the Asian financial hub.
Bayer says Monsanto’s list of influential people was not illegal
Bayer said a law firm it had commissioned to investigate a compilation of data on journalists, politicians and researchers by Monsanto had found no evidence of illegal behavior by the seed maker that Bayer acquired last year.
Turkey, Volkswagen close in on production plant deal: sources
Turkey is increasingly confident German carmaker Volkswagen will build a production plant in the country after an “extremely positive” meeting between a senior company official and President Tayyip Erdogan this week, three Turkish sources said.
Nordea names former Handelsbanken boss as new CEO
Finland’s Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region’s biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.
Unipec resells U.S. crude oil to India, South Korea amid trade tensions: sources
Unipec is reselling some U.S. crude oil meant for China to buyers in India and South Korea after Beijing imposed a tariff on U.S. oil amid escalating trade tensions with Washington, three sources with knowledge of the matter said on Thursday.
European stocks hit one-month highs on news of U.S.-China trade talks
European shares rose to fresh one-month highs and safe-haven assets like gold and the yen fell on Thursday after U.S.-China talks were flagged for October, raising hopes their trade war will de-escalate before it further damages the world economy.
Nissan probe finds CEO Saikawa, other execs overpaid in compliance failure: source
Nissan Motor Co was embroiled in another scandal over executive pay on Thursday after Chief Executive Hiroto Saikawa admitted to being overpaid in violation of internal procedures under a scheme designed by ousted Chairman Carlos Ghosn.
China, U.S. to hold trade talks in October; Beijing says phone call went well
China and the United States on Thursday agreed to hold high-level talks in early October in Washington, boosting markets as investors hoped for a thaw in the trade war between the world’s two largest economies that has taken a toll on global growth.
