Volvo Cars raises over $200 million from new euro bond
Sweden’s Volvo Cars issued a bond worth 2 billion Swedish crowns ($214.65 million), it said on Wednesday, just five months after the Chinese-owned carmaker terminated plans to list itself blaming trade tensions and a downturn in automotive stocks.
Wall St. edges higher ahead of Fed minutes
U.S. stocks rose sluggishly on Wednesday, as investors awaited the Federal Reserve’s minutes from its latest meeting, while assessing the latest developments in the U.S.-China trade talks.
UBS to appeal after fined 4.5 billion euros in French tax fraud case
A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties.
Bombardier to deliver a handful of Global 7500 jets in first half of 2019
Canadian train-and-plane maker Bombardier will deliver a handful of its new flagship Global 7500 business jet to customers during the first half of 2019, with the remaining 10-15 deliveries expected during the back half of the year, chief financial off…
Daimler risks fine as German prosecutors launch new probe
German prosecutors have launched a probe into Daimler for allegedly failing to prevent diesel emissions cheating, possibly resulting in a fine for the carmaker, as its legal woes mount up over the affair.
Saudi Aramco in talks on further Indian investments
Saudi Aramco, the world’s top oil exporter, is in talks on possible investments in Indian projects involving companies including Reliance Industries, operator of the world’s biggest refining complex, its chief executive said on Wednesday.
Revenue at Nutella maker Ferrero reaches $12 billion after Nestle acquisition
Revenue at Ferrero reached $12 billion in the fiscal year ended in August, as the group included sales of products like Butterfinger and BabyRuth chocolate bars bought from Nestle at the end of March.
Credit Suisse loses bid to dismiss lawsuit in U.S. over writedowns
A U.S. judge has rejected Credit Suisse Group AG’s bid to dismiss a lawsuit accusing the Swiss bank of defrauding shareholders about its risk appetite and risk management before taking $1 billion of writedowns on souring debt.
U.S. trade representative to testify on China next week
U.S. Trade Representative Robert Lighthizer will testify next week at a U.S. House of Representatives hearing on U.S.-China trade issues, a spokesman for the House Ways and Means Committee said on Wednesday.
Norwegian Air aims to fly stranded plane out of Iran in next few days
Budget carrier Norwegian Air expects to fly a plane out of Iran in the next few days after it made an emergency landing there in December and became stranded, partly due to U.S. sanctions on Tehran.
