China regulator says Unicom reform plan does not violate rules, shares surge
HONG KONG (Reuters) – China Unicom’s $11.7 billion ownership reform plan does not violate rules, the nation’s securities regulator said, helping shares in the telecom group’s units surge as they resumed trade on Monday after speculation that the deal w…
Exclusive: Hyundai Motor Group faces government calls to address ‘big governance risk’
SEOUL (Reuters) – South Korea’s new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power to its controlling family a…
Goldman Sachs gets approval for Saudi equities trading license
DUBAI/RIYADH (Reuters) – Goldman Sachs received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom.
Britain will not exclude possible EU oversight of UK borders after Brexit
LONDON (Reuters) – Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders after it leaves the bloc, as the country seeks ways to keep unhindered access to EU markets following Brexit.
Bankruptcy fight over Oncor to test Warren Buffett’s discipline
(Reuters) – Warren Buffett takes pride in naming his price to buy a company, and not paying a nickel more. But the largest U.S. natural gas distribution utility, an unyielding hedge fund, and a Delaware bankruptcy judge now present one of the biggest c…
U.S. did not detail request for auto rules of origin at NAFTA talks: source
WASHINGTON (Reuters) – In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday.
India’s Infosys approves up to $2 billion buyback of shares
MUMBAI (Reuters) – India’s second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company’s founders….
Shift from non-GAAP bottom lines could be good for stock prices
SAN FRANCISCO (Reuters) – Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years.
Former UAW official charged in Fiat Chrysler payoff probe
(Reuters) – A former senior official at the United Auto Workers trade union was charged on Friday with conspiring with other union officials to accept improper payments from Fiat Chrysler Automobiles NV officials over a four-year period.
U.S. prosecutors recommend three years in prison for VW engineer Liang
DETROIT (Reuters) – Federal prosecutors on Friday recommended a three-year prison sentence for Volkswagen AG engineer James Liang for his role in a diesel emissions scandal that has cost the German automaker as much as $25 billion.
