SoftBank to transfer ride-sharing stakes to Vision Fund
TOKYO (Reuters) – Japan’s SoftBank Group Corp said on Wednesday it plans to transfer its stakes in ride-sharing firms to the SoftBank Vision Fund, a move which if approved would make the fund one of the world’s biggest investors in the fast-changing i…
Walmart buys controlling stake in India’s Flipkart for $16 billion
(Reuters) – Walmart Inc has agreed to pay $16 billion for a roughly 77 percent stake in Indian online shopping site Flipkart, the U.S. retailer’s biggest foreign investment ever as it battles rival Amazon.com Inc in one of the world’s biggest emerging …
Adidas sees ongoing sourcing shift from China to Vietnam
BERLIN (Reuters) – The chief executive of Adidas expects a shift in its sourcing of footwear from China to Vietnam to continue although he shrugged off concerns on Wednesday about the possible imposition of U.S. tariffs on Chinese-made shoes.
SoftBank’s Son confirms Walmart to acquire India’s Flipkart
TOKYO (Reuters) – U.S. retail giant Walmart Inc is acquiring Indian e-commerce player Flipkart, SoftBank Group chief executive Masayoshi Son said on Wednesday.
Vodafone to pay $21.8 billion for Liberty assets to boost European presence
LONDON (Reuters) – Vodafone has agreed to pay $21.8 billion to buy Liberty Global’s assets in Germany and eastern Europe to take on rivals with a broader range of superfast cable TV, broadband and mobile services.
Oil soars, dollar roars as Trump dumps Iran nuclear deal
LONDON (Reuters) – Crude oil prices jumped back to 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar continued its tireless ascent and world stocks held …
Senators ask billionaire Icahn for refinery waiver details
(Reuters) – Six Democratic U.S. senators have asked billionaire investor Carl Icahn and Environmental Protection Agency Administrator Scott Pruitt to explain how an Icahn-owned refinery secured a valuable EPA exemption from the nation’s biofuels law.
South Korea’s KAI says paid firm of Trump’s lawyer $150,000 for accounting advice
SEOUL (Reuters) – South Korea’s Korea Aerospace Industries Ltd (KAI) said on Wednesday it paid $150,000 for consulting services on accounting matters to a firm set up by U.S. President Donald Trump’s private lawyer Michael Cohen.
Siemens, PSA and Airbus monitoring Iran developments after Trump move
PARIS/FRANKFURT (Reuters) – Major European companies including carmaker PSA , plane manufacturer Airbus and Siemens said they were keeping a close watch on relations with Iran after President Donald Trump pulled the United States out of a nuclear dea…
U.S. exit from Iran deal puts pressure on European planemakers
PARIS (Reuters) – America’s withdrawal from the Iran nuclear accord signals the collapse of $38 billion in plane deals between Tehran and Western companies and leaves Airbus facing greater risks than arch-rival Boeing, according to people involved in t…
