Exclusive: Apollo prepares bottle maker Verallia for possible 4 billion euros IPO – sources
Buyout group Apollo is preparing French glass bottle maker Verallia for a stock market listing later this year, in what could become one of the largest French initial public offerings of the year, people close to the matter said.
Swiss, Brazil intensify efforts to unravel Petrobras affair
Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs ($701 million) remain frozen in Switzerland.
China to join FAA’s review panel on Boeing’s 737 MAX
China has decided to accept an invitation to join the U.S. Federal Aviation Administration’s (FAA) review panel on the Boeing 737 MAX, an official at the Chinese aviation regulator said on Tuesday.
Global share rally cools as U.S. turns up trade heat on Europe
April’s equities rally risked running out of puff on Tuesday, as a U.S. threat to slap tariffs on hundreds of European goods and expectations of another chunky chop to the IMF’s global growth forecasts tested investors’ stamina.
Airbus says U.S. sanctions on its aircraft would have no legal basis
European planemaker Airbus said on Tuesday it saw no legal basis for the United States’ move towards imposing trade sanctions on its aircraft and warned of deepening trade tensions.
France urges ‘friendly’ solution to EU-U.S. aircraft subsidy dispute
France’s finance minister said on Tuesday it was in the interest of Europe and the United States to find a friendly solution to their long-running WTO dispute, after the United States threatened new tariffs.
Oil hits five-month high above $71 on Libyan supply threat
Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply, although Russian comments signaling willingness to pump more dampened the rally.
Airbus says it sees no legal basis for U.S. move to impose sanctions
European planemaker Airbus said on Tuesday it saw no legal basis for the United States’ move towards imposing sanctions on a list of European Union products, including commercial aircraft.
EU looking at possible aircraft retaliation: Commission source
The European Union is preparing for possible retaliation over subsidies for Boeing, a European Commission source said on Tuesday, following Washington’s listing of EU products it plans to hit with tariffs in their aircraft subsidies dispute.
Aramco breaks record as demand for its bond tops $85 billion
Orders for Saudi Aramco’s debut international bonds topped $85 billion, a record breaking vote of market confidence for the oil giant despite some investor concerns about government influence over the company.
