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Updated: 54 min 20 sec ago

Occidental to sell parts of Anadarko after debt-fueled acquisition

Tue, 05/28/2019 - 13:18
Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.
Categories: Financial Media

Two more shippers join Maersk's cost-cutting blockchain-based platform

Tue, 05/28/2019 - 13:07
Two of the world's biggest shipping groups will join a Maersk led blockchain platform aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.
Categories: Financial Media

Stocks rally cut off by EU threats over Italy's budget

Tue, 05/28/2019 - 12:50
European stocks, core bond yields and the euro fell on Tuesday as concerns about Italy's budget overshadowed talks of a Fiat-Chrysler and Renault merger and the muted showing of nationalists in European Union parliamentary elections.
Categories: Financial Media

Stuttgart prosecutors search Porsche offices in payments probe

Tue, 05/28/2019 - 12:47
Stuttgart prosecutors on Tuesday said Porsche AG's offices were searched as part of a broader probe investigating confidential information leaks to a tax advisor and high remuneration payments to a Porsche works council member.
Categories: Financial Media

France wants FCA-Renault job guarantees and Nissan on board

Tue, 05/28/2019 - 12:45
France will seek protection of local jobs and other guarantees in exchange for supporting a merger between carmakers Renault and Fiat Chrysler, its finance minister said on Tuesday, underscoring the challenges facing the plan.
Categories: Financial Media

Amazon, Walmart's Flipkart unlikely to respond to key queries in India antitrust study: sources

Tue, 05/28/2019 - 12:40 Inc and Walmart Inc's Flipkart are unlikely to fully participate in an Indian antitrust body's study of the e-commerce sector for fear of revealing trade secrets, two people with direct knowledge of the matter said.
Categories: Financial Media

General Electric planning to cut around 1,000 jobs in France: union source

Tue, 05/28/2019 - 11:41
General Electric (GE) has announced a plan to cut around 1,000 jobs in France, said a trade union source, in a move that could set the U.S. company at odds with the French government which has consistently urged GE not to cut French jobs.
Categories: Financial Media

Japan's financial watchdog orders Nomura to improve business after leak

Tue, 05/28/2019 - 10:01
Japan's financial watchdog on Tuesday ordered Nomura Holdings to improve its business practices after the country's biggest brokerage admitted an employee had leaked market information.
Categories: Financial Media

Tesla's China-made Model 3 may be priced in $43,400-$50,700 range: Bloomberg

Tue, 05/28/2019 - 08:57
Tesla Inc is considering pricing its China-manufactured Model 3 vehicles between 300,000 yuan and 350,000 yuan ($43,431-$50,670) before subsidies, Bloomberg reported on Tuesday, citing people familiar with the matter.
Categories: Financial Media

France insists any Renault/Fiat deal must protect French jobs: Le Maire

Tue, 05/28/2019 - 07:30
France must protect its own interests and jobs in any merger between Renault and Fiat, even though France's stake in Renault would automatically be diluted, French Finance Minister Bruno Le Maire told RTL radio on Tuesday.
Categories: Financial Media

China gains, auto sector lift Asian shares, but sentiment fragile

Tue, 05/28/2019 - 07:30
Asian shares rose on Tuesday, lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept investor enthusiasm in check.
Categories: Financial Media

Brexit helps New York take top finance spot from London: survey

Tue, 05/28/2019 - 07:14
Fallout from Brexit has helped New York overtake London to become the world's pre-eminent financial center, a survey of financial executives by Duff & Phelps showed on Tuesday.
Categories: Financial Media

Alibaba plans bumper $20 billion HK listing to boost investment war chest: sources

Tue, 05/28/2019 - 07:13
Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New York.
Categories: Financial Media

Huawei reviewing FedEx relationship, says packages ‘diverted’

Tue, 05/28/2019 - 06:19
Chinese telecoms equipment maker Huawei [HWT.UL] is reviewing its relationship with FedEx Corp after it claimed the U.S. package delivery company, without detailed explanation, diverted two parcels destined for Huawei addresses in Asia to the United States and attempted to reroute two others.
Categories: Financial Media

Alibaba plans $20 billion blockbuster Hong Kong listing: sources

Tue, 05/28/2019 - 04:24
Alibaba is considering raising as much as $20 billion through a secondary listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New York.
Categories: Financial Media

Asian shares follow Europe higher on EU relief, auto merger

Tue, 05/28/2019 - 02:11
Asian shares tracked European gains on Tuesday, as relief over EU election results eased concerns about political difficulties in the bloc and merger news supported auto shares, although persistent concerns about trade capped regional sentiment.
Categories: Financial Media

Canada takes a first step towards ratifying trade deal with U.S., Mexico

Mon, 05/27/2019 - 23:11
Canada took a first step toward ratifying a new North American trade agreement on Monday just three days ahead of U.S. Vice President Mike Pence's trip to Ottawa to discuss passage of the treaty.
Categories: Financial Media