Australia competition watchdog blocks $11 billion Vodafone unit-TPG Telecom merger
Australia’s competition regulator blocked a proposed A$15 billion ($11 billion) merger between TPG Telecom Ltd and a Vodafone Group unit on Wednesday, sending shares of companies on both sides of the deal tumbling.
Thomson Reuters reports higher first-quarter sales
Thomson Reuters Corp on Wednesday reported a rise in quarterly sales and reaffirmed its forecast for the rest of this year and 2020.
Toyota, Honda plan to attack costs to free up cash for new tech
Two top Japanese automakers said they planned to tighten their belts in the years ahead to free up cash to develop electric cars and ride-sharing services, underscoring the hard task ahead as traditional automakers face a rapidly changing industry.
Exclusive: Enbridge seeking at least eight-year oil shipping commitments on Canada Mainline, worrying small producers
Canada’s Enbridge is asking oil shippers to sign at least eight-year contracts to move crude on its Mainline pipeline network, as it proposes to shift away from a monthly allocation system, people with knowledge of the matter told Reuters.
Eyeing IPO riches, Uber drivers go on strike in UK ahead of U.S. action
Uber drivers in Britain started a day of transatlantic strikes on Wednesday to protest at the disparity between gig-economy conditions and the sums investors are likely to make in Friday’s blockbuster stock market debut.
Big Four miners languish amid demand, ESG, capex concerns
The world’s biggest diversified miners have yet to see their share prices reflect their role as providers of the minerals needed for a shift to a low-carbon economy.
Explainer: How U.S.-China talks differ from any other trade deal
Chinese Vice Premier Liu He goes to Washington for trade talks on Thursday and Friday, setting up a last-ditch bid for progress toward a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by U.S. President Donald Trump.
Exclusive: China backtracked on nearly all aspects of U.S. trade deal – sources
The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. …
World shares near five-week low before make-or-break trade talks
World shares held near five-week lows on Wednesday as renewed trade tensions and fears for the global economy drove investors into the safety of bonds and the Japanese yen, with the latter rising to a six-week high against the dollar.
Occidental seen as a rare victory for hedge funds tracking corporate jets
Hedge funds paying upward of $100,000 per year to track the flights of corporate jets were vindicated when Occidental Petroleum Corp announced two deals last week that matched locations the U.S. oil and gas company’s private plane had recently visited….
