Reliance sends fuel from India, Europe to Venezuela to sidestep U.S. sanctions
India’s Reliance Industries is selling fuels to Venezuela from India and Europe to sidestep sanctions that bar U.S.-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data.
Roche sues U.S. executives in fight over diabetes test strips
Roche is seeking damages and compensation in a U.S. lawsuit against former executives of a Utah-based company, the Swiss drugmaker’s latest case targeting what it calls fraudulent schemes involving its diabetes test strips.
From California to Oslo: foreign subsidies fuel Norway’s e-car boom, for now
On the outskirts of Oslo, a row of Fiat 500es imported from California stand parked in the snow outside the Buddy Electric dealership, part of a global flow of pre-owned electric cars to Norway powered by green subsidies elsewhere in the world.
Asian shares rise on Fed dovishness; growth concerns linger
Shares in Asia rose on Thursday after the U.S. Federal Reserve abandoned forecasts for any interest rate hikes this year,
China Geely Auto’s full-year profit jumps 18 percent, shares climb
China’s Geely Automobile Holdings posted an 18 percent jump in annual net profit, driven by higher sales of its sedans and sports utility vehicles (SUVs), but forecast flat sales growth in 2019 due to uncertainty about domestic demand.
Boeing, FAA face more pressure from U.S. lawmakers over 737 MAX accidents
Pressure mounted on Boeing Co in Washington as U.S. lawmakers called for executives to testify about two crashed 737 MAX jets, even as the world’s biggest planemaker worked to return the grounded fleet to the skies.
China’s Geely posts 18 percent profit jump, predicts flat 2019 sales
China’s Geely Automobile Holdings Ltd said higher sales of its sedans and sports utility vehicles (SUVs) drove 2018 net profit up 18 percent, but forecast flat sales growth for this year due to uncertainty about overall domestic demand.
Short & distort? The ugly war between CEOs and activist critics
On the morning of July 11, Paul Pittman was on a corn farm in Western Illinois, unaware his company had taken a devastating hit.
Indonesia’s Lion Air starts work on $1 billion IPO: Bloomberg
Indonesian carrier Lion Air has started working on $1 billion domestic initial public offering (IPO), Bloomberg reported on Thursday citing sources, as it seeks to move past the crash in October last year that killed 189 people on board.
U.S. probed FAA’s Boeing 737 Max software approval last year: Bloomberg
U.S. officials started investigating the Federal Aviation Administration’s (FAA) approval of the Boeing 737 Max software linked to the Lion Air plane crash last year weeks after the accident, Bloomberg reported on Wednesday, citing people familiar with…
