Exclusive: Libya oil exports threatened as NOC warns against port deal
LONDON/TUNIS (Reuters) – Libya’s hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC) objected to a deal between the government and local guards to reopen key ports.
Melker Schorling, Sweden’s quiet tycoon with the Midas touch
STOCKHOLM (Reuters) – Business tycoon Melker Schorling, one of Sweden’s most prominent investors, says he is well-positioned to expand his 60 billion crown ($7 billion) investment empire even as he prepares to hand over affairs to his daughters.
Corporate raiders seek Brexit bargains in Britain
LONDON (Reuters) – Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought.
Exclusive: Tesla, SolarCity close to merger agreement
(Reuters) – Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said.
Bottom line: brands chase China’s high-end lingerie market
HONG KONG (Reuters) – High-end lingerie sales are outpacing China’s generally downbeat luxury market, and heating up competition between international brands and local rivals looking to go upmarket.
China’s growth sucks in more debt bucks for less bang
BEIJING (Reuters) – As China’s economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending.
Apple weathers anti-U.S. demo in China, where patriotic protests snowball
HONG KONG (Reuters) – Apple Inc found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm’s biggest overseas market and a country where foreign firms have suffered damaging boycotts following interna…
Aeropostale accuses Sycamore Partners of ‘loan to own’ scheme
(Reuters) – Bankrupt U.S. teen retailer Aeropostale filed a motion against its lender, private equity firm Sycamore Partners, in bankruptcy court late on Friday, accusing it of plotting a “loan to own” scheme to push the chain into bankruptcy.
G20 nations pledge to bolster defenses against Brexit headwinds
CHENGDU, China (Reuters) – The world’s leading economies will do more to lift global growth and share the benefits more broadly, top policymakers said on Saturday as they sought to deal with fallout from Britain’s Brexit vote and counter dissatisfactio…
CEO says Audi plans three electric car models by 2020: paper
FRANKFURT (Reuters) – Audi aims to have three electric car models by 2020 and for electric vehicles to account for 25 to 30 percent of its sales by 2025, Chief Executive Rupert Stadler told a German newspaper.
