China’s Anbang, HNA considered buying insurance group Allianz: sources
HONG KONG (Reuters) – China’s Anbang Insurance Group Co Ltd [ANBANG.UL] and HNA Group Co Ltd [HNAIRC.UL] separately considered buying stakes in German insurer Allianz SE as part of plans to create a global financial empire, people with direct knowledg…
Simmering Korea tensions hit global stocks and dollar
LONDON (Reuters) – Global shares fell and the dollar dipped against the Japanese yen on Wednesday as still-simmering tension over the Korean peninsula kept investors wary of taking on risk.
Toshiba board reaches no verdict on new Western Digital chip proposal: sources
TOKYO (Reuters) – Toshiba Corp’s board, under pressure to clinch a deal for its prized memory chip unit soon, met on Wednesday to review a revised bid proposed by Western Digital Corp but no agreement was reached, people familiar with matter said.
China to spend over $1 trillion on planes over next 20 years: Boeing
BEIJING/SHANGHAI (Reuters) – Chinese airlines are likely to buy more than 7,000 planes worth $1.1 trillion over the next 20 years, as they grow their fleets to meet robust demand for domestic and international travel, Boeing Co said in a bullish forec…
Oil markets subdued by storm Harvey fallout; Hurricane Irma heads into Caribbean
SINGAPORE (Reuters) – Oil market trading was cautious on Wednesday, with crude demand and shipments subdued due to refinery closures following Storm Harvey and the arrival of an even bigger hurricane in the Caribbean.
Nissan takes EV battle to Tesla with longer-range Leaf
CHIBA, Japan (Reuters) – Nissan Motor Co Ltd launched a revamped Leaf electric vehicle (EV) on Wednesday, going head-to-head with Tesla Inc’s Model 3 and hoping to blunt criticism of limited driving ranges undermining EVs’ mass-market appeal.
Asian traders look to snap up U.S. crude in wake of Hurricane Harvey
SINGAPORE (Reuters) – Some oil traders in Asia are looking to snap up crude cargoes from the United States after Hurricane Harvey closed U.S. refineries, denting local demand and pushing out the price spread between U.S and Atlantic Basin crude benchma…
Asia stocks down, dollar wobbles on simmering North Korean tensions
TOKYO (Reuters) – Asian stocks fell on Wednesday after a slide on Wall Street overnight while the dollar was on the defensive with tensions in the Korean peninsula showing few signs of abating.
FBI says witnesses in U.S. probe into Malaysia’s 1MDB fear for safety
KUALA LUMPUR (Reuters) – Potential witnesses to the multi-billion dollar scandal at 1Malaysia Development Berhad (1MDB) are afraid to speak with U.S. investigators as they fear for their safety, the Federal Bureau of Investigation says.
Candy maker Mars looks to curb greenhouse gas emissions across supply chain
NEW YORK (Reuters) – Candy manufacturer Mars Inc is aiming to cut greenhouse gas emissions and address other sustainability issues across its supply chain in a bid to help meet goals from the Paris climate agreement.
