January 28, 2019

China’s Dec. industrial profits shrink again on weak demand, trade headwinds

Earnings at China’s industrial firms shrank for a second straight month in December on slowing prices and sluggish factory activity, piling more pressure on an economy […]
January 28, 2019

Saudi Aramco to pay $1.6 billion for stake in South Korea’s Hyundai Oilbank

State-owned Saudi Aramco plans to buy a stake of up to 19.9 percent of South Korean refiner Hyundai Oilbank from Hyundai Heavy Industries Holdings, for 1.8 […]
January 28, 2019

U.S. lifts sanctions on Rusal, other firms linked to Russia’s Deripaska

U.S. President Donald Trump’s administration on Sunday lifted sanctions on aluminum giant Rusal and other Russian firms linked to oligarch Oleg Deripaska, defying a Democratic-led push […]
January 28, 2019

Rusal chairman resigns as part of deal to lift U.S. sanctions; shares jump 5 percent

Aluminum giant Rusal said on Monday Jean-Pierre Thomas had resigned as chairman and director of the company as a pre-requisite for a decision by the United […]
January 28, 2019

Asian stocks rise after U.S. government reopens for now

Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken […]
January 28, 2019

Qantas customers request exercise bikes, virtual reality for 20-hour flights

Australia’s Qantas Airways Ltd on Monday said customers were requesting in-flight innovations such as exercise bikes and virtual reality relaxation to pass the time on proposed […]
January 27, 2019

Tesco may cut thousands of fresh food counter jobs: report

Tesco , Britain’s biggest supermarket chain, may cut thousands of jobs by closing in-store meat, fish and delicatessen counters and by replacing staff canteens with vending […]
January 27, 2019

France warns against ‘exorbitant’ payoff for ex-Renault boss Ghosn

France’s finance minister said on Sunday a severance package for former Renault chief Carlos Ghosn, forced to resign in a financial scandal, should not be “exorbitant” […]
January 27, 2019

Three years later, India’s bankruptcy reform languishes in courts

When India introduced new bankruptcy resolution rules in 2016, government officials and investors said they expected debt-burdened state-owned banks to clear up some of their bad […]
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