Rheinmetall, Raytheon to cooperate in defence technology
FRANKFURT (Reuters) – German and U.S. defence groups Rheinmetall and Raytheon have signed a memorandum of understanding to cooperate globally on defence technology, they said in a joint statement on Friday.
S&P downgrade warning sends Toshiba shares falling
TOKYO (Reuters) – S&P Global Inc said in a report on Friday it could cut its rating of Toshiba Corp credit by several notches should the Japanese firm receive financial support that includes debt restructuring, sending Toshiba stock down 9 percent.
World stocks lose momentum after record-breaking week
LONDON (Reuters) – Global equity markets were set to end the week on a softer footing on Friday, after setting record highs in the previous two sessions, as investors looked for clarity on U.S. President Donald Trump’s policies on tax and trade.
Opel to remain independent firm in possible PSA deal: Manager Magazin
FRANKFURT (Reuters) – General Motors Chief Executive Mary Barra made assurances at Opel’s headquarters in Germany that the carmaker is to remain an independent company in any deal with France’s PSA Group , German monthly Manager Magazin reported, citi…
Snap lowers valuation expectations in highly awaited IPO
(Reuters) – Snap Inc , owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control.
As U.S. shale oil activity surges, sand could be in short supply
NEW YORK (Reuters) – Demand for frac sand has surged in recent weeks as U.S. producers rush back to the oil patch, stoking concern that supplies of the key component of drilling may not be able to keep up with demand later this year, industry professio…
Samsung chief Lee arrested as South Korean corruption probe deepens
SEOUL (Reuters) – Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia’s fourth…
South Korea court declares Hanjin Shipping bankrupt
SEOUL (Reuters) – A South Korean court declared Hanjin Shipping Co Ltd bankrupt on Friday, after ruling earlier this month that the firm’s liquidation value would be worth more than its value as a going concern.
Britain says PSA bosses wish to build on Vauxhall’s success
LONDON (Reuters) – Bosses at the Peugeot-maker PSA Group have told the British government they would seek to build on the strengths of the Vauxhall car business if they succeed in buying its parent company, Opel.
Oil firms as OPEC floats extended output cut; markets still bloated
SINGAPORE (Reuters) – Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang.
