Saudia airline close to placing order for Airbus aircraft: sources
Saudi Arabian Airlines is close to placing a multi-billion-dollar order for aircraft at least partly involving Airbus jets, people familiar with the matter said on Wednesday.
Skoda Auto’s May deliveries drop 6.6% on weaker Chinese market
Global deliveries for Skoda Auto, part of the Volkswagen group, dropped by 6.6% to 104,900 vehicles in May, pulled down by a weaker overall market in China, its biggest sales destination, the company said on Wednesday.
Ford opens new research center in Tel Aviv
U.S. automaker Ford Motor Co said on Wednesday it opened a research center in Tel Aviv, becoming one of several global automakers beefing up operations in Israel to take advantage of the country’s vibrant technology sector.
KKR offers 40% premium to buy out Axel Springer minorities
U.S. private equity investor KKR on Wednesday offered a 40% premium to buy out minority investors in Axel Springer in a deal that entrenches the influence of the main shareholders at the publishers of Germany’s Bild newspaper.
KKR says investment pact with Springer valid for five years
U.S. private equity investor KKR said on Wednesday its investment agreement with the main shareholders in German publisher Axel Springer, under which it is making an offer to buy out minorities, was valid for five years.
China’s CATL, Ant Financial and Hellobike set up e-bike battery firm
China’s Contemporary Amperex Technology Co Ltd (CATL), Ant Financial Services and Hellobike said on Wednesday they will invest 1 billion yuan ($144.60 million) to establish a electric bicycle battery joint venture.
Norway fund may have to offload $1 billion stake in Glencore in shift away from coal
Norway’s $1 trillion sovereign wealth fund may have to sell a $1 billion stake in commodities firm Glencore and other investments to meet tighter ethical investing rules adopted by its parliament.
Reckitt picks PepsiCo executive as next CEO
British consumer goods giant Reckitt Benckiser on Wednesday named PepsiCo executive Laxman Narasimhan as its next chief executive officer, to succeed Rakesh Kapoor.
BAT sees further growth in vaping, e-cigarette products this year
British American Tobacco, the world’s No. 2 tobacco company, on Wednesday forecast sales of vaping and e-cigarette products to accelerate in the second half of the year and announced plans to consolidate the business into fewer brands.
Reckitt names Pepsico executive Laxman Narasimhan CEO
British consumer goods giant Reckitt Benckiser on Wednesday named PepsiCo executive Laxman Narasimhan to succeed Rakesh Kapoor as chief executive officer.
