Jet Airways lenders lay out bid terms for 75 percent stake in airline
Prospective bidders of struggling Jet Airways Ltd need to settle the airline’s existing debt as part of any deal to buy a stake in the carrier, its consortium of lenders led by State Bank of India (SBI) said in a statement on Monday.
Exclusive: Grab targets another $2 billion funding this year: CEO
Grab expects to raise another $2 billion from strategic investors this year, the CEO of Southeast Asia’s biggest ride-hailing firm said, just weeks after it announced funding of over $4.5 billion in the region’s largest private financing round.
Carlyle to buy 30-40 percent stake in Cepsa from Abu Dhabi’s Mubadala
U.S buyout firm Carlyle Group has agreed to buy a 30 to 40 percent stake in Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as much as $4.8 billion.
Midwest floods hammer U.S. ethanol industry, push some gasoline prices toward five-year high
The March floods that punished the U.S. Midwest have trapped barrels of ethanol in the country’s interior, causing shortages of the biofuel and helping to boost gasoline prices in the western United States.
Oil hits highest since November 2018 amid OPEC cuts, U.S. sanctions
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, and strong U.S. jobs data.
Nissan shareholders sever last ties with ousted Ghosn
Nissan Motor Co shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday, severing his last ties with the company he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.
Nissan shareholders vote to oust Ghosn as director
Nissan Motor Co shareholders voted former chairman Carlos Ghosn out as a director on Monday, severing his last ties with the automaker.
Jet Airways lenders lay out terms for airline bidding process
Prospective bidders of struggling Jet Airways Ltd need to settle the airline’s existing debt obligations as part of any deal to take over the airline, Jet’s consortium of lenders, led by State Bank of India (SBI), said in a statement.
Nissan considering claiming damages against Ghosn, CEO says
Nissan Motor Co is considering claiming damages against ousted boss Carlos Ghosn over alleged financial misconduct, the automaker’s chief executive told shareholders on Monday, adding the scandal would not be fixed overnight.
Korean Air chairman Cho dies weeks after ouster from board
Korean Air patriarch, chairman and CEO Cho Yang-ho died of a chronic illness on Monday, the airline said, raising hopes for leadership renewal just weeks after investors removed him from the board in a victory for shareholder activism.
