Uber dealt blow by EU court ruling that it is transport service
LUXEMBOURG (Reuters) – Ride-hailing app Uber provides a transport service and can be regulated like traditional taxis, the European Union’s top court said on Wednesday in a landmark ruling that will determine the rules Uber and its rivals have to respe…
Blackstone buys Taliesin Property Fund in 260 million euro deal
LONDON (Reuters) – U.S. investment firm Blackstone said on Wednesday it had clinched an all cash deal to buy real estate specialist Taliesin Property Fund in its latest push into European real estate.
Subaru opens investigation into possible mileage cheating, shares drop 8 percent
TOKYO (Reuters) – Subaru Corp said it was investigating whether its inspectors may have falsified vehicle mileage readings during final inspections conducted on cars sold in Japan, driving down the automaker’s shares more than 8 percent to a 1 1/2-yea…
Exclusive: Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk
MOSCOW (Reuters) – One of Russia’s biggest oil companies, Tatneft, has been doing business in Crimea despite the risk of being placed on a U.S. sanctions blacklist, according to company documents and a source close to Tatneft.
Israel’s Elbit Systems wins U.S. contract worth up to $176 million
TEL AVIV (Reuters) – Israeli defense firm Elbit Systems Ltd said on Wednesday its U.S. subsidiary won a contract from DynCorp International Inc [DETUCC.UL] to provide support services for the U.S. Army’s C-26 and UC-35 aircraft fleet.
Asian shares waver as U.S. tax bill passes Senate, dollar steadies
TOKYO (Reuters) – Asian shares bobbed lower in a choppy session on Wednesday, hobbled by Wall Street’s losses as the long-awaited U.S. tax reform bill wound its way through Congress, while higher Treasury yields underpinned the dollar.
U.S. House to vote again on tax bill, Trump on verge of win
WASHINGTON (Reuters) – The Republican-controlled U.S. House of Representatives on Wednesday was expected to give final approval to a sweeping tax bill and send it to President Donald Trump to sign into law, sealing his first major legislative victory i…
Senate adopts Republican tax bill, setting up second House vote
WASHINGTON (Reuters) – The Republican-led U.S. Senate approved a sweeping, $1.5-trillion tax bill in the small hours of Wednesday morning, moving their party and President Donald Trump a step closer to the largest overhaul of the U.S. tax code in more …
Japan’s Kansai Electric used possibly falsified Mitsubishi Materials products at reactors
TOKYO (Reuters) – Japan’s Kansai Electric Power Co said on Wednesday it has used parts in important safety equipment at two of its nuclear plants that were supplied by a unit of Mitsubishi Materials Corp with possibly falsified data.
Exclusive: KPMG partners face court contempt over China audit
BEIJING (Reuters) – Several current and former KPMG partners are facing contempt proceedings in a Hong Kong court, as liquidators for a failed U.S.-listed Chinese company step up their action against the auditor over its refusal to produce Chinese work…
