Goldman, Nomura heeded warnings before Venezuela bond deal
CARACAS/NEW YORK (Reuters) – In early May, Goldman Sachs turned down a request from Caracas to convert $5 billion in sovereign bonds into marketable securities partly because it would mean dealing directly with a Venezuelan state bank, according to pe…
BHP CEO says he has not met with Elliott since Barcelona
TOKYO (Reuters) – BHP Billiton Chief Executive Andrew Mackenzie said on Monday he has not met with activist hedge fund Elliott Management since their talks in Barcelona last month and declined to comment on whether another meeting was scheduled.
Foxconn says Apple, Amazon to join its bid for Toshiba chip business: Nikkei
TOKYO (Reuters) – Apple Inc and Amazon.com Inc will join Foxconn’s bid for Toshiba Corp’s semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying on Monday.
Herbalife says second-quarter sales to fall more than expected
(Reuters) – Herbalife Ltd said on Sunday it expects current-quarter revenue to fall more than previously expected, after sales were hurt amid efforts by the nutritional supplement maker to comply with regulatory requirements related to its business pr…
Oil dips as Qatar rift seen threat to output cuts, sterling firms
LONDON (Reuters) – Oil prices fell on Monday on concerns a diplomatic rift among some of the Arab world’s major energy producers could weaken a global deal on output cuts, while sterling shrugged off a deadly attack in London and focused on this week’s…
Finnair says its A350 deliveries getting back on track
CANCUN, Mexico (Reuters) – Deliveries of A350 widebody jets, which have been hit by delays to cabin equipment, are getting much closer to their forecasted delivery dates, the chief executive of Finland’s state-controlled carrier, Finnair, said on Sunda…
Silk Road hub or tax haven? China’s new border trade zone may be less than it seems
HORGOS, China/KHORGOS, Kazakhstan (Reuters) – On the border of China and Kazakhstan, an international free trade zone has become a showpiece of Chinese President Xi Jinping’s signature “Belt and Road” Initiative to boost global trade and commerce by im…
Fresh safety concerns hang over global airlines conference
CANCUN, Mexico (Reuters) – A deadly attack in London and debate over travel restrictions in the United States put safety concerns high on the agenda as global airline executives gathered on Sunday for the industry’s largest meeting of the year.
Coke, Cargill enter fray as sugar dispute threatens Mexico trade
NEW YORK (Reuters) – Soda giant Coca-Cola Co and major corn syrup makers have joined the political battle against the U.S. sugar industry in recent weeks, as the deadline to hammer out a years-long trade dispute with Mexico nears.
Saudi Aramco warned by lawyers on New York IPO litigation risks: FT
(Reuters) – The legal firm working on Saudi Aramco’s flotation has advised the kingdom that a New York listing poses the greatest litigation risk of any jurisdiction, the Financial Times reported on Sunday, citing sources.
