SoftBank-backed Grab targets $2 billion more in funding this year in big business push
Grab aims to raise another $2 billion this year as it ramps up expansion, its chief executive said, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia’s largest round of private financing.
Demand for Aramco’s bond ‘north of’ $30 billion: Falih
Demand for Saudi Aramco’s inaugural international bond, which will be issued this week, is higher than $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday.
Oil climbs to five-month high amid OPEC cuts, U.S. sanctions and Libya fighting
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data.
Engie-led consortium seals $8.6 billion purchase of Petrobras pipeline unit
A consortium led by French utility Engie has won a bid for Petrobras’ TAG pipeline arm with an $8.6 billion offer, in a deal that boosts Engie’s presence in the fast-growing Brazilian market and helps Petrobras cut debts.
Sports Direct offers to fund Debenhams’ rescue in return for CEO job
Sports Direct said on Monday it had offered to underwrite a 150 million pound ($196 million) rights issue at Debenhams in exchange for its boss Mike Ashley taking the top job at the ailing retailer.
Asia shares off seven-month peak, mood turns cautious
Asian shares briefly brushed seven-month peaks on Monday as investors cheered a rebound in U.S. payrolls and hints of more stimulus in China, but caution soon surfaced ahead of what is likely to be a tough U.S. earnings season.
Honda will stop car production in Turkey after 2021: statement
Honda has decided to end car production in Turkey following completion of the production of its current Civic Sedan model in 2021, the company said in a statement on Monday.
Scandal-prone Korean Air chairman dies weeks after ouster from board
Korean Air patriarch, chairman and CEO Cho Yang-ho died of a chronic illness on Monday just weeks after shareholders ended his 27-year tenure on the board of the country’s biggest carrier due to perceived leadership failings.
Sweet seats and candy canes: Inside Fiat Chrysler’s Toledo turnaround
Lots of workplaces have a hot seat. At the Jeep assembly plant in Toledo, Ohio, there is a “sweet seat.”
Baffled and concerned, Nissan shareholders sever last ties with ousted Ghosn
Nissan Motor Co shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday, formally severing his ties with the Japanese automaker he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.
