Tesla reaffirms effort to build cars in China Tesla reaffirms effort to build cars in China mum on deal report: China levies a 25 percent duty on sales of imported vehicles and has not allowed foreign automakers to establish wholly owned factories in the country, the world’s largest auto market. […]
U.S. Midwest oil refiners boost output U.S. Midwest oil refiners boost output cut region’s dependence on Gulf Coast: Since the early 2000s, crude and fuel flows from the Gulf Coast into the U.S. heartland have been cut in half, as crude coming from Canada and North Dakota has pushed U.S. […]
Oil prices rise on tightening supply strong demand Oil prices rise on tightening supply strong demand: Brent crude futures LCOc1, the international benchmark for oil prices, were at $57.90 at 0131 GMT, up 15 cents, or 0.26 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 […]
Airbus turmoil overshadows bid to rescue CSeries Airbus turmoil overshadows bid to rescue CSeries: The European planemaker secured the deal for Bombardier’s (BBDb.TO) CSeries program by pledging to throw its marketing might behind the loss-making jets, just as the Airbus sales machine reels from falling sales and internal and external […]
Noble Group to sell oil liquids unit to Vitol flags $1.2 billion loss Noble Group to sell oil liquids unit to Vitol flags $1.2 billion loss: Monday’s move came after Reuters reported late on Friday that Vitol, the world’s largest oil trader, was nearing a deal to buy Singapore-listed Noble’s […]
Henkel may make U.S. acquisitions Henkel may make U.S. acquisitions: CEO in newspaper: “If there are opportunities for acquisitions, we will take a look at whether they are a good fit in terms of strategy and price. In the United States we are for instance not yet a leading seller […]
JPMorgan partners with data start-up to boost fixed-income trading JPMorgan partners with data start-up to boost fixed-income trading: The bank, whose fixed-income trading revenue slumped last quarter, has signed a multi-year deal to use Mosaic Smart Data’s technology division globally, the companies said in a joint statement released on Sunday. […]
Cisco nears deal to acquire BroadSoft Cisco nears deal to acquire BroadSoft: The deal, which comes after Reuters first reported in August that BroadSoft was exploring a sale, would allow Cisco to further diversify away from its stagnating switches and routers business by giving it a stronger foothold in selling […]
Asia shares camp near peaks markets ponder Xi’s speech Asia shares camp near peaks, markets ponder Xi’s speech: The twice-a-decade congress is expected to cement the power of President Xi Jinping, who kicked off the week-long event with a wide-ranging speech in which he said the market would be allowed […]
George Soros foundations now control $18 billion George Soros foundations now control $18 billion: The foundations already controlled billions of dollars, but Soros, 87, has in recent years increased the pace of transfers from his hedge fund-turned-family office, Soros Fund Management LLC, the Wall Street Journal and the New York […]
