Oil hits two-and-a-half year high on pipeline shutdown, stocks take breather
LONDON (Reuters) – Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.
Europe’s Unibail-Rodamco bids $16 billion for Westfield in global shift
SYDNEY/MELBOURNE (Reuters) – Unibail-Rodamco, Europe’s biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter…
Oil prices jump on pipeline outage, stocks take breather
LONDON (Reuters) – Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a three-day rally.
China-backed buyer aims to fund $5.2 billion HK skyscraper deal mostly via debt-sources
HONG KONG (Reuters) – The China-backed buyer of a Hong Kong skyscraper from billionaire Li Ka-shing for a record $5.2 billion is seeking to borrow as much as 90 percent to fund the deal, according to a term sheet seen by Reuters and people with knowled…
German pilots union calls for strikes at Ryanair in Germany
BERLIN (Reuters) – German pilots’ union Vereinigung Cockpit said strike action at Ryanair was possible in Germany, as of now, as staff join pilots in other countries in pushing for better conditions at the Irish budget carrier.
Bitcoin exchange Bithumb says ‘right’ regulations in South Korea would boost market
SEOUL (Reuters) – The Seoul-based operator of the world’s busiest virtual currency exchange Bithumb said on Tuesday it will fully comply with potential regulations from the South Korean government and adequately capitalize itself to protect its clients…
Exclusive: South Africa’s Steinhoff considers sale of PSG, KAP stakes to lift liquidity -sources
JOHANNESBURG/ FRANKFURT (Reuters) – South Africa’s Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter…
Audi CEO drops plan to sell motorcycle brand Ducati
INGOLSTADT, Germany (Reuters) – Germany’s Audi has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformat…
France’s Unibail-Rodamco bids $15.7 billion for Australia’s Westfield
SYDNEY/MELBOURNE (Reuters) – France’s Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp for $15.7 billion, in what would be the biggest takeover of an Australian company on record.
Bitcoin slips to around $16,300, futures volumes drop
SINGAPORE (Reuters) – Virtual currency bitcoin dipped slightly from the previous session’s record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend.
