Exclusive: Volkswagen eyes big stake in China partner JAC, taps Goldman – sources
Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said.
Oil up on tight supply, but economic slowdown weighs
Oil prices rose on Wednesday back toward five-month highs hit the previous day, as OPEC production cuts and U.S. sanctions on Iran and Venezuela continued to tighten supply, though economic worries increased.
Sunrise chairman expects UPC deal to go through
Sunrise Communications believes it will win backing to raise $4.1 billion to complete its takeover of Liberty Global’s Swiss business UPC, Chairman Peter Kurer told shareholders on Wednesday.
Global stocks rally stalls as U.S.-EU trade war threat simmers
World stocks slipped below the six-month high they reached earlier this week as U.S. President Donald Trump threatened more tariffs against the European Union, though the prospect of European Central Bank largesse kept them from falling too far.
Rolls-Royce agrees to early inspection of problematic Trent engines
Rolls-Royce has agreed to an early inspection of some Trent 1000 TEN engines by regulatory authorities, a week after Singapore Airlines Ltd grounded two Boeing Co 787-10 jets fitted with the units.
Exclusive: India trade ministry says no legal basis to ban e-cigarette imports – document
India’s trade ministry says it cannot impose a ban on electronic cigarette imports as there is no legal basis for doing so, an internal government memo viewed by Reuters shows, in a boost for those looking to tap into the country’s growing vaping marke…
How Trafigura lost $254 million on oil and gas hedges
One of the world’s biggest traders, Trafigura, booked a $254 million loss from oil and gas market hedges last year, highlighting the challenges traders face when taking large loans to protect against price swings in illiquid commodities.
Ghosn lawyers file second appeal against detention: Kyodo
Carlos Ghosn’s defense lawyers filed their second appeal against his latest detention on Wednesday, Kyodo news reported, as the ousted chairman of Nissan Motor Co seeks a formal explanation for his re-arrest.
Rolls-Royce agrees early inspections for Trent engine blades
British engine maker Rolls-Royce said on Wednesday it had agreed with regulatory authorities to inspect some Trent 1000 TEN engines earlier than previously planned after the recent re-emergence of issues related to blade deterioration.
Aramco’s new bonds inch up in early trade: sources
Saudi Aramco’s newly issued dollar-denominated bonds inched up on Wednesday, with longer-dated paper outperforming, sources familiar with the matter said.
