Business & Finance News
HOUSTON (Reuters) – U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to two sources familiar with its actions.
MADRID (Reuters) – Spanish lender Caixabank said on Sunday it has agreed to increase its majority stake in BPI and aims for a full takeover before de-listing the Portuguese bank.
ZURICH (Reuters) – Discussions between Swiss Re and SoftBank about the Japanese group potentially taking a stake in the reinsurer are faltering, the Financial Times reported on Sunday, quoting people close to the situation.
PARIS (Reuters) – Air France must become more competitive or it risks being further outpaced by rivals, French Finance Minister Bruno Le Maire said on Sunday, piling pressure on unions and the carrier’s management to resolve a stand-off over pay.
BEIJING (Reuters) – China’s ZTE Corp has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday.
DUBAI/PARIS/ABU DHABI (Reuters) – Airbus and Boeing are preparing for possible changes to dozens of plane orders from Middle East carrier Etihad Airways as it presses ahead with a company-wide review, four sources familiar with the matter said.
(Reuters) – China’s ZTE Corp has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security for the suspension of a business ban, it said in a filing to Shenzhen stock exchange on Sunday.
SAN FRANCISCO (Reuters) – Apple Inc was not the only one to leap on a chance to buy its stock at a fat discount last quarter as Warren Buffett stepped in to scoop up an additional 75 million shares for Berkshire Hathaway at the same time.
NEW YORK (Reuters) – The threat of steep tariffs on soybeans, wheat and corn from an escalating U.S.-China trade dispute may decide the survivor among the two largest real estate funds in the hard-hit U.S. farm sector.
PARIS (Reuters) – Air France, facing deepening turmoil over a dispute with staff over pay, said on Sunday it expected to operate close to 85 percent of flights during strike disruptions on May 7.
PARIS (Reuters) – The French government is not there to backstop losses at Air France , Finance Minister Bruno Le Maire said on Sunday, adding the carrier had not made enough efforts to stay competitive and was at risk of disappearing.
WILMINGTON, Del./NEW YORK (Reuters) – Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said it would stop financing “military-style” firearms for civilians.
NEW YORK/SAN FRANCISCO (Reuters) – Most of Facebook’s U.S. users have remained loyal to the social network despite revelations that a political consultancy collected information about millions of accounts without owners’ permission, a Reuters/Ipsos poll released on Sunday showed.
LONDON (Reuters) – The Bank of England looks set to keep interest rates on ice this week, capping a sharp swing in the outlook for the British central bank, which might now struggle to convince investors that it will raise borrowing costs at all this year.
CARACAS (Reuters) – Venezuela’s government has named Simon Zerpa, who was sanctioned by the United States last year, as an external director of state oil company PDVSA [PDVSA.UL] while confirming General Manuel Quevedo as the firm’s president, the company said in a statement.
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