Ford, China’s Zotye Auto invest $756 million in electric vehicle JV
HONG KONG (Reuters) – Ford Motor and China’s Anhui Zotye Automobile have agreed to invest a combined $756 million to set up a 50-50 joint venture in China to build electric passenger vehicles, both companies said on Wednesday.
ConocoPhillips aims to spend $5.5 billion/year for rest of decade
NEW YORK (Reuters) – ConocoPhillips , the largest U.S. independent oil and natural gas producer, said on Wednesday it would spend $5.5 billion annually for the rest of the decade on capital projects as long as oil prices stay above $50 per barrel.
China’s Tencent buys 12 percent stake in Snapchat owner
(Reuters) – China’s Tencent now holds a 12 percent stake in Snapchat operator Snap Inc, Snap said on Wednesday, turning over a 20 percent slide in the U.S. company’s share price after badly received third quarter results.
FedEx Express orders up to 50 ATR 72-600F freighter planes
PARIS (Reuters) – ATR, the world’s largest maker of turboprop planes, announced on Wednesday an order from FedEx Express for up to 50 of its 72-600F freighter planes.
Qualcomm buy may pit Broadcom against Intel in ‘connected car’ fight
(Reuters) – If Broadcom Ltd’s unsolicited $103 billion bid for Qualcomm Inc succeeds, it could set up a battle with Intel Corp for dominance in the production of the next generation of communications chips, which will play a vital role in so-called co…
Germany’s FlixBus to take on Greyhound in the United States
FRANKFURT (Reuters) – German long-distance bus firm FlixBus plans to expand to the United States next year, taking on rivals such as Greyhound and Megabus from a base in Los Angeles, it said on Wednesday.
Airbus knew of software vulnerability before A400M crash
PARIS/SEVILLE (Reuters) – Airbus and European safety authorities were warned in late 2014 of a software vulnerability in the A400M military plane that was similar to a weakness that contributed to a fatal crash seven months later, Spanish investigators…
Foreign payment card firms not required JV setup in China: central bank
BEIJING/HONG KONG (Reuters) – China does not require foreign payment card companies to establish joint ventures with local partners to operate in the onshore market, the country’s central bank said Wednesday.
Banking stocks, dollar hit by U.S. doubts
LONDON (Reuters) – Banking stocks dropped and the dollar slipped on Wednesday as doubts over tax cuts and bond market moves hurt profitability and raised questions over the longevity of the current expansion in the United States.
Investor demands LSE let CEO Rolet speak about reasons for his departure
LONDON (Reuters) – A top investor in the London Stock Exchange demanded
