Exxon quits some Russian joint ventures citing sanctions
HOUSTON/MOSCOW (Reuters) – Exxon Mobil Corp will exit some joint ventures with Russia’s Rosneft , citing Western sanctions first imposed in 2014, while the Russian company said the pullout will result in serious losses for its U.S. partner.
EU court says Adidas may defend its three stripes design
FRANKFURT (Reuters) – A European court said that German sporting goods maker Adidas may oppose the registration of two parallel stripes on shoes as an EU trademark, affirming earlier decisions by the European Union Intellectual Property Office (EUIPO)…
Renault-Nissan-Mitsubishi to speed up collaborations in key areas to boost savings
PARIS (Reuters) – The Renault-Nissan-Mitsubishi alliance said it would speed up the convergence between the three companies on how they work in key areas, as part of a broader plan to deliver cost savings and boost profits.
Indian jeweler’s bankrupt U.S. firm whets buyer interest amid $2 billion fraud probe
NEW DELHI (Reuters) – Potential buyers have expressed strong early interest in a bankrupt U.S. firm of Indian jeweler Nirav Modi, who has been accused of involvement in a $2-billion bank fraud in India, court filings show.
Bank of New York Mellon Corp plans to set up Saudi office: sources
DUBAI (Reuters) – Bank of New York Mellon Corp (BK.N) plans to establish an office in Saudi Arabia as early as the second quarter as it looks for opportunities to service the kingdom’s overseas assets, say sources familiar with the matter.
Indian jeweler’s bankrupt U.S. firm gets strong interest from buyers: court papers
NEW DELHI (Reuters) – A bankrupt U.S. firm of Indian jeweler Nirav Modi, who is accused of being involved in a $2 billion bank fraud in his home country, has received strong early expressions of interest from buyers, according to court filings.
China’s CEFC chairman investigated for suspected economic crimes: source
BEIJING (Reuters) – The chairman of China’s CEFC China Energy, the private firm that has agreed to buy a nearly $9.1 billion stake in Russian oil major Rosneft, has been investigated for suspected economic crimes, a person with direct knowledge of the …
Ackman ends public battle with Herbalife, takes stake in United Technologies
(Reuters) – Six years ago, billionaire investor William Ackman wagered $1 billion that Herbalife’s stock price would tumble to zero after publicly calling the nutrition company a fraud in a three-hour presentation before investors, analysts and the med…
New York regulator asks Deutsche, other banks about Kushner loans: source
(Reuters) – New York’s state banking regulator asked Deutsche Bank AG and two other lenders for information on their relationships with U.S. President Donald Trump’s son-in-law and White House senior adviser Jared Kushner and his family’s real estate …
Asian stocks slide, dollar hits six-week high as Powell revives Fed rate fears
TOKYO (Reuters) – Asian stocks were mostly lower on Thursday after Wall Street marked its worst monthly performance in two years as hawkish-sounding comments from new Federal Reserve Chair Jerome Powell reverberated across the broader risk asset market…
