Exclusive: Under pressure, Hyundai clashes with China partner over suppliers – sources
BEIJING/SEOUL (Reuters) – Hyundai Motor Co is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul, four people familiar with th…
Noble Group in talks to extend $2 billion credit facility deadline
SINGAPORE (Reuters) – Noble Group is in discussions with its North American lenders to extend an October deadline for a $2 billion credit facility, while also taking steps to sell parts of its business to cut debt, its chairman said on Tuesday.
Europe shakes off latest North Korea jitters
LONDON (Reuters) – Europe’s financial markets appeared on Tuesday to have already shaken off the jitters prompted by North Korea’s latest nuclear test, with stocks pushing higher and investors reversing out of bonds, gold and other safe-haven assets.
Toymaker Lego to cut 8 percent of staff as sales decline
COPENHAGEN (Reuters) – Toymaker Lego announced plans to lay off 8 percent of its workforce as it reported a 5 percent fall in mid-year revenue.
“Angry Birds” maker Rovio plans IPO to boost growth
HELSINKI (Reuters) – The maker of hit mobile phone game “Angry Birds” is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions.
U.S. crude rises on returning refineries; gasoline slumps to pre-Harvey levels
SINGAPORE (Reuters) – U.S. oil prices rose on Tuesday as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude, their main feedstock.
Amazon fears sink Blackstone’s $2.8 billion Australian mall sale
SYDNEY (Reuters) – Private equity giant Blackstone Group has called off the sale of its A$3.5 billion ($2.8 billion) Australian shopping mall portfolio, a source said, as the looming arrival of Amazon.com spooks buyers of bricks-and-mortar stores.
Under pressure, Hyundai clashes with China partner over suppliers: sources
BEIJING/SEOUL (Reuters) – Hyundai Motor Co is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul, four people familiar with th…
GM August China vehicle sales up 12 percent year on year
BEIJING (Reuters) – General Motors Co’s vehicle sales in China rose 12 percent in August from a year earlier to 328,425 units, following a 6.3 percent increase in July, the Detroit-based automaker said on Tuesday.
United Tech to buy Rockwell Collins for $30 billion
(Reuters) – Aerospace supplier United Technologies Corp has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc , the companies said on Monday, in a deal that bulks up UTC’s power with plane makers by creating one o…
