Nissan cancels potential $1 billion sale of battery unit to China’s GSR
TOKYO (Reuters) – Nissan Motor Co has canceled a potential $1 billion sale of its electric battery business to GSR Capital, citing a lack of funds with the Chinese investment firm to make the purchase.
China commerce minister says will significantly widen market access
BEIJING (Reuters) – China will significantly widen market access and oppose any kind of protectionism, Chinese Commerce Minister Zhong Shan said in an article published in the state-run People’s Daily on Monday.
Oil falls as Saudi Arabia boosts supply in face of disruptions elsewhere
SINGAPORE (Reuters) – Oil prices fell on Monday, with a Reuters survey showing Saudi Arabia has boosted supplies to a near-record 10.7 million barrels per day (bpd) in a sign the world’s top crude exporter wants to make up for disruptions elsewhere.
Loeb pressures Nestle for more sales, restructuring
BOSTON (Reuters) – Billionaire investor Daniel Loeb on Sunday stepped up pressure on food group Nestle SA , in a letter that urged its board to be “sharper,” “bolder” and “faster” in spinning off businesses and untangling its complex management structu…
Japan June manufacturing PMI shows growth but export orders contract
TOKYO, (Reuters) – – Japanese manufacturing activity grew at a slightly faster pace in June, but export orders fell more than initially reported in a worrying sign of the potential impact of a heated trade dispute between the United States and major ec…
Asia shares sluggish, euro jolted by German politics
SYDNEY (Reuters) – Asian shares were subdued early Monday ahead of a week packed with major economic events, while the euro was briefly shaken by signs a German political deal on immigration might be in trouble.
Oil falls as White House says Saudi king to raise output if needed
TOKYO (Reuters) – Oil prices fell early on Monday, following comments from the White House that the leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed.
Three quarters of big UK firms downbeat on Brexit: Deloitte survey
LONDON (Reuters) – A record 75 percent of major British companies are now pessimistic about Brexit, a survey showed on Monday, adding to signs of anxiety around the economy as Britain’s divorce with the European Union draws near.
Loeb’s Third Point urges Nestle to split into three units: letter
BOSTON (Reuters) – Billionaire investor Daniel Loeb on Sunday raised the pressure on food group Nestle , urging it to split into three divisions and telling its board to be “sharper,” “bolder,” and “faster” in overhauling the company.
Dell nears deal buy out VMWare tracking stock with cash and equity: source
(Reuters) – Dell Inc. is nearing a deal to buy out the holders of shares that track the performance of VMWare Inc using a mix of cash and equity in Dell, people familiar with the matter said on Sunday.
