Aramco says IPO on track after report it is preparing for possible delay
(Reuters) – Saudi Aramco’s planned initial public offering remains on track, the company said on Thursday, after Bloomberg reported that the oil company is preparing contingency plans for a possible delay by a few months into 2019.
London Mayor gives nothing away on pending Uber license decision
LONDON (Reuters) – London Mayor Sadiq Khan declined to comment on Thursday whether taxi app Uber [UBER.UL] will have its license renewed ahead of a decision due by the end of month, saying that giving a running commentary could prompt legal action afte…
Global accounting body steps up attack on ‘data dump’ company statements
LONDON (Reuters) – Companies should produce more concise and crisper financial statements and annual reports, cutting out unnecessary “boilerplate” and “data dump” material, a global accounting body said on Thursday.
UK confirms Murdoch’s Sky bid will be examined over broadcasting standards
LONDON (Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc will have to prove it can uphold broadcasting standards in Britain to secure its $15 billion takeover of broadcaster Sky following concerns over his Fox News operations.
Weak China data knocks global stocks off record highs
LONDON (Reuters) – World stock prices pulled back from record highs after weaker-than-expected Chinese economic data, while sterling held steady before a Bank of England rate decision later on Thursday.
Lotte Shopping picks Goldman to manage sales of supermarkets in China
SEOUL (Reuters) – South Korea’s Lotte Shopping has picked Goldman Sachs to manage the sale of its supermarkets in China, after most of them were shut down amid political tensions between the two countries.
VW, China partners to recall 4.86 million vehicles over Takata airbags
BEIJING/SHANGHAI (Reuters) – Volkswagen AG and its Chinese joint ventures FAW-Volkswagen and SAIC Volkswagen will recall 4.86 million vehicles in China due to potential issues with Takata Corp air bags, a blow to the carmaker in the world’s largest au…
Samsung enters autonomous driving race with new business, funding
FRANKFURT (Reuters) – South Korea’s Samsung Electronics Co Ltd plans to become a major player in autonomous driving, building on its recent $8 billion acquisition of audio and auto parts supplier Harman and its pole position in mobile communications ma…
Asia stocks step back from decade high as China posts rare data miss
TOKYO (Reuters) – Asian stocks inched down from 10-year highs on Thursday following a burst of Chinese data which was largely weaker than markets expected, while the dollar held steady ahead of U.S. inflation data due later in the day.
JPMorgan Chase extends urban renewal investments to Chicago
(Reuters) – JPMorgan Chase & Co will invest $40 million over three years in Chicago to revitalize neighborhoods, finance small business growth and promote job skills training, the bank said on Thursday.
