Tokyo court denies request for Nissan Ghosn’s release on bail
The Tokyo District Court on Tuesday denied former Nissan Motor Co Ltd Chairman Carlos Ghosn’s request for release on bail after his indictment last week on two new charges, including for aggravated breach of trust.
Oil up 1 percent amid supply cuts, but China slowdown weighs on demand outlook
Oil prices rose by more than 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand.
Asia shares up on hopes for China stimulus, Brexit vote awaited
Asian stocks rose on Tuesday, supported by a bounce in Chinese shares amid hopes for government stimulus, while sterling braced for the vote in parliament over the British government’s plan to exit the European Union.
Volkswagen, Ford to announce automotive alliance
Volkswagen AG and Ford Motor Co are expected to unveil an alliance on Tuesday that combines forces on commercial vehicles and is likely to expand into joint development of electric and self-driving technology, moves meant to save the automakers billi…
Alaska officials probing BP oil, gas wells at Prudhoe Bay after spill
Regulators in the U.S. state of Alaska will investigate all of the oil and natural gas wells operated by BP Plc at its Prudhoe Bay oil field after the release of a small amount of crude oil and gas from a well that had earlier been shut.
No clear path for California as massive PG&E utility nears bankruptcy
PG&E Corp’s announcement that it will file for bankruptcy, citing massive potential liability from deadly wildfires, puts California politicians in quandary, whether to offer a bailout or risk allowing the state’s largest private utility to fail.
China signals more stimulus as economic slowdown deepens
China on Tuesday signaled more stimulus measures in the near term as a tariff war with the United States took a heavy toll on its trade sector and raised the risk of a sharper economic slowdown.
Eyes on Newcrest as gold dealmaking heats up
Two recent large M&A deals in the gold sector have prompted speculation that Newcrest Mining , Kinross Gold Corp and B2Gold Corp may be among the next gold companies to combine with a rival, bankers and analysts said.
Oil rises 1 percent on supply cuts, but economic slowdown weighs on outlook
Oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains.
China shares prop-up Asia on stimulus hopes, sterling braces for Brexit plan
Asian stocks pulled ahead on Tuesday, led by a bounce in Chinese shares as Beijing signaled more supportive measures to stabilize a slowing economy, while the British pound braced for a showdown in parliament over the government’s Brexit plan.
