Business & Finance News
LONDON (Reuters) – Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand.
ANKARA (Reuters) – Iran said on Friday had asked Europe’s Airbus to announce whether it would go ahead with its plane deal with Tehran after President Donald Trump pulled the United States out of Iran’s international nuclear deal.
(Reuters) – Silver Lake is buying Zoopla and PrimeLocation owner ZPG for 2.2 billion pounds ($3 billion), delivering a windfall for its largest shareholder the Daily Mail publishing group.
BEIJING (Reuters) – Some North Korean traders are offering cheap coal to Chinese buyers who are stockpiling it at ports inside the isolated country, hoping recent diplomatic moves lead to an easing of sanctions barring purchases of North Korean coal, three Chinese traders told Reuters.
SYDNEY (Reuters) – Asian shares rallied on Friday as investors’ appetite for riskier assets got a boost from soft U.S. inflation, which helped alleviate worries of faster rate hikes by the Federal Reserve.
(Reuters) – U.S.-based private equity firm Silver Lake Management Company has agreed to acquire ZPG plc , the owner of British property websites Zoopla and PrimeLocation, for 2.2 billion pounds ($3 billion).
(Reuters) – Silver Lake Management Company has agreed to acquire ZPG plc , the owner of British property websites Zoopla and PrimeLocation, for 2.2 billion pounds ($3 billion).
SEOUL (Reuters) – General Motors’ South Korean unit is expected to swing to a profit from 2022, state-run Korea Development Bank (KDB) said on Friday, offering a more subdued outlook for the troubled unit compared with the U.S. automaker which sees a profit from 2019.
SEOUL (Reuters) – U.S. activist fund Elliott Management said it will vote against Hyundai Motor Group’s restructuring plan and urged other shareholders to reject the proposal to reform South Korea’s second-largest conglomerate.
Solon, OHIO (Reuters) – At Nestle’s $50 million research center outside Cleveland, food technicians and packaging experts set out three years ago to remake its frozen food lineup and appeal more to busy, health-conscious adults in their 20s and 30s.
TOKYO (Reuters) – Mazda Motor Corp has named the head of its Americas operations as its next president and CEO after its current chief steps down in June, as Japan’s fifth-largest automaker seeks to expand in North America, its biggest market.
SYDNEY (Reuters) – AMP Ltd could see A$35 billion in investor outflows due to the hit to its reputation from board-level misconduct, analysts at Macquarie Group Ltd said on Friday, sending shares in the Australian wealth manager to a seven-year low.
TOKYO (Reuters) – Mazda Motor Corp said on Friday that president and CEO Masamichi Kogai would step down and be replaced by Akira Marumoto, who currently serves as vice president and oversees operations in the Americas.
SYDNEY (Reuters) – Asian markets started on a firm footing and the dollar eased on Friday as softer-than-forecast U.S. inflation data tempered expectations for faster Federal Reserve interest rate rises this year.
YAJI MOUNTAIN, China (Reuters) – On Yaji Mountain in southern China, they are checking in the sows a thousand head per floor in high-rise “hog hotels”.
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