ADNOC weighs secondary listing overseas for distribution business: sources
Abu Dhabi National Oil Company (ADNOC) is considering a secondary listing for its subsidiary ADNOC Distribution overseas, three sources told Reuters.
Tesla investors lose faith after first-quarter deliveries disappoint
A bigger-than-expected drop in Tesla Inc deliveries spooked stock and bond investors, raising concern about the electric-car maker’s ability to make money as Chief Executive Elon Musk headed into another legal tussle with regulators on Thursday.
Wall Street inches higher on Facebook, Boeing bounce; trade talks in focus
U.S. stocks inched higher on Thursday driven by Facebook Inc and Boeing Co, adding to gains following a strong start to the quarter, while investors kept a close watch on U.S.-China trade talks.
Factbox: What we know about Boeing 737 MAX crashes and what comes next
More than 300 Boeing 737 MAX jets have been grounded worldwide after two fatal crashes in five months in Ethiopia and Indonesia killed nearly 350 people.
Ethiopia urges Boeing to review 737 MAX controls, backs pilots
Ethiopia urged Boeing to review its flight control technology and said pilots of state carrier Ethiopian Airlines had carried out proper procedures in the first public findings on the crash of a 737 MAX jet that killed 157 people.
U.S., China key to GSK’s consumer venture with Pfizer
The United States and China will be key focuses for the consumer healthcare venture being formed by GlaxoSmithKline and Pfizer, as the companies look to build on strong existing positions in those markets.
Bayer chairman backs management’s strategy: Handelsblatt
Bayer’s supervisory board fully supports the company’s management regarding its strategy, including the acquisition of Monsanto, Chairman Werner Wenning told business daily Handelsblatt on Thursday.
U.N. agency works to clamp down on illicit shipping practices
The United Nations’ shipping agency is working on tougher measures to clamp down on rogue shipping companies trying to use flag registries fraudulently to conceal their activities, officials said.
Corona, Modelo beers drive Constellation beat, wines leave a stain
Constellation Brands Inc on Thursday reported quarterly sales and profit that beat Wall Street forecasts, benefiting from new beer launches in its Corona and Modelo brands, though wine sales struggled.
Brent oil resumes climb to $70 on tightening global supply
Brent oil prices resumed their climb toward $70 per barrel on Thursday as expectations of tight global supply outweighed pressure from rising U.S. inventories and production.
