Saudi Aramco adds Goldman Sachs as bookrunner for planned bond: sources
Saudi Aramco has added Goldman Sachs as a bookrunner for a planned bond which will help finance its purchase of a stake in Saudi Arabian Basic Industries Corp (SABIC), two sources familiar with the matter told Reuters.
Ford’s China JV to lay off ‘thousands’ of workers: New York Times
Ford Motor Co’s joint venture in China has “quietly begun” dismissing thousands of its 20,000 workers due to weak auto sales in the world’s second-largest economy, the New York Times reported on Wednesday.
Bayer reaps profit lift from Monsanto seeds, consumer health
Bayer’s $63 billion purchase of U.S. seeds maker Monsanto made its mark on the German company’s fourth quarter earnings on Wednesday, lifting profit and boding well for the peak season of its enlarged agriculture business.
Oil rises as OPEC defies Trump and sticks to supply cuts
Oil rose for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after Saudi Arabia appeared undaunted by pressure from U.S. President Donald Trump on OPEC to prevent steeper price rises.
India-Pakistan tensions spread from Asia to European markets
European stock markets opened lower on Wednesday after fresh hostilities erupted between India and Pakistan, causing Asian assets to fall and pushing investors into safe havens such as the yen.
Amazon, Comcast, Electronic Arts submit bids for Nexon holding firm-Maeil report
Amazon.com Inc, Comcast Corp and Electronic Arts Inc submitted initial bids for the holding firm of South Korea’s biggest gaming firm Nexon, Maeil Business Newspaper said on Wednesday, citing investment banking sources.
Huawei, Samsung agree to settle patent dispute in U.S. court
China’s Huawei Technologies and South Korea’s Samsung Electronics have agreed to settle a two-year old patent dispute in the United States, court documents show.
Ahold says on course to meet U.S. online sales growth targets
Ahold Delhaize, which operates supermarkets in Europe and the United States, is on track to meet a 20 percent U.S. online sales growth target this year as it opens automated grocery distribution points along the East Coast, its chief executive said on …
Investor Cerberus open to Deutsche Bank merger with Commerzbank: source
U.S. investor Cerberus, a major shareholder in both Deutsche Bank and Commerzbank, is open to a merger between Germany’s two biggest lenders, a person familiar with the matter said on Wednesday, raising the chances of a tie-up.
Elliott pushes for Hyundai shareholder support after dividend proposals rejected
Elliott Management Corp on Wednesday urged shareholders of a Hyundai Motor Group firm to vote for its proposal for higher dividends and new board members, a day after the South Korean conglomerate rejected demands by the U.S. activist investor.
