SEC says may give firms more time to comply with Europe’s research rules
The U.S. Securities and Exchange Commission (SEC) could extend a 30-month grace period granted to Wall Street firms to comply with European Union investment rules to unbundle research and other services, commissioner Hester Peirce said on Wednesday.
Cautious calm returns as White House softens trade war rhetoric
A cautious calm returned to stock markets on Wednesday as softer rhetoric from Washington on the U.S.-China trade war soothed investors, though demand for safe-haven assets underscored lingering anxiety.
Lanxess, Bayer sell chemical park operator to Macquarie for $3.9 billion
German chemical groups Bayer and Lanxess have agreed to sell integrated chemical site operator Currenta to Macquarie Infrastructure and Real Assets (MIRA) for an enterprise value of 3.5 billion euros ($3.9 billion).
Oil sets new seven-month low on trade tensions
Oil prices fell further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand.
Cobalt, Africa setbacks shrink Glencore’s first-half profit
Glencore reported a 32% drop in first-half core profit on Wednesday, sending its shares to their lowest since late 2016, while a fall in cobalt prices prompted it to halt output for two years at the world’s biggest mine of the battery material.
SoftBank’s profit blows past estimates on Vision Fund gains
Japan’s SoftBank Group Corp raked in a better-than-expected quarterly operating profit as it saw a leap in investing gains from its $100 billion Vision Fund.
SoftBank Group’s profit blows past estimates on Vision Fund gains
Japan’s SoftBank Group Corp raked in a better-than-expected quarterly operating profit as it saw a leap in investing gains from its $100 billion Vision Fund.
Saudi, Abu Dhabi showing ‘high interest’ in investing in VF2: SoftBank’s Son
SoftBank Group Corp founder and CEO Masayoshi Son said on Wednesday Saudi Arabia and Abu Dhabi are showing “high interest” in investing in the second Vision Fund.
Toyota turns to AI startup to accelerate goal of robots for the home
Toyota Motor Corp has designs on making robot helpers for your home, and has enlisted a Japanese startup that specializes in artificial intelligence to jump-start its plan.
Tesla scrutinized by U.S. agency over Model 3 safety claims: Bloomberg
The U.S. National Highway Traffic Safety Administration (NHTSA) sent a cease-and-desist letter to Tesla Inc last year for not complying with the agency’s guidelines in its Model 3 safety assertions and subpoenaed the carmaker for information on severa…
