Exclusive: Shell and Anadarko mull clean break from Permian venture – executive
LONDON/HOUSTON (Reuters) – Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executi…
Once golden, Robert Rubin’s hedge fund proteges lose some luster
BOSTON/NEW YORK (Reuters) – Learning to invest on Goldman Sachs’ risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent years.
Citigroup aims to double South Korea wealth assets by 2020
HONG KONG (Reuters) – Citigroup Inc plans to double its wealth management assets in South Korea to around $6 billion by 2020, setting up new offices and investing in digital technology to attract new customers.
Honda faces long haul to recoup jet costs
TOKYO (Reuters) – After three decades building an airplane from scratch, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age to see Honda Motor Co’s pet aviation project recoup its development costs.
Hyundai suspends China plant for a week amid diplomatic stand-off
SEOUL (Reuters) – South Korea’s Hyundai Motor on Monday said it had suspended production at one of its Chinese factories for a week, fuelling concern that a diplomatic standoff may be hurting sales in the automaker’s top market.
U.S. equity futures at six-week low after Trump healthcare setback
(Reuters) – U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump.
Trump trade doubts send dollar, shares tumbling
LONDON (Reuters) – The dollar and share prices tumbled on Monday, as investors worried that U.S. President Donald Trump’s defeat over healthcare reform foreshadowed difficulties delivering other key campaign promises, in particular tax cuts and spendin…
Toshiba wants Westinghouse to file for bankruptcy as early as Tuesday: source
TOKYO (Reuters) – Toshiba Corp wants its U.S nuclear unit to file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, seeking a quick ringfencing of losses before the Japanese parent…
Viacom’s shares could jump 40 percent: Barron’s
(Reuters) – Shares of Viacom Inc could rise 40 percent in the next year as the New York-based media company’s new CEO Bob Bakish focuses on its Paramount Pictures studio and a handful of its networks to turn the business around, according to Barron’s….
China Southern in talks over American Airlines tie-up
SHANGHAI (Reuters) – China Southern Airlines is in talks over a tie-up with American Airlines that could involve the U.S. carrier taking a stake in the state-owned airline, boosting routes between the world’s two largest travel markets.
