By Herbert Lash and Sujata Rao NEW YORK/LONDON (Reuters) – Oil and gold rose on Wednesday after NATO and the United States said Russia was increasing its troop build-up near Ukraine, while a dovish reading of minutes from the Federal Reserve’s meeting last month helped stocks rebound on Wall Street. Stronger-than-expected U.S. retail sales data …
Gold, oil rise on Ukraine crisis; U.S. stocks rebound Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – Jana Partners has nominated four directors to the board of Zendesk, arguing the company must be rehabilitated after an unpopular attempt to buy Momentive Global, parent of web-survey company SurveyMonkey, according to a regulatory filing. Jana Partners launched the proxy contest a week before Zendesk shareholders are scheduled to …
Jana Partners launches proxy fight at Zendesk, nominates four to board Read More »
(Reuters) – Chinese businessman Guo Wengui, also known as Ho Wan Kwok, filed for individual bankruptcy protection in a U.S. bankruptcy court in Bridgeport, a court filing showed. Guo listed assets in the range of $50,001 to $100,000 in the bankruptcy filing, and liabilities between $100 million and $500 million. Among the list of creditors …
Chinese businessman Guo Wengui files for bankruptcy in U.S. court Read More »
By Luc Cohen and Jody Godoy NEW YORK (Reuters) -A former Goldman Sachs partner testified on Wednesday that he and a colleague became “heroes” at the bank for bringing in billions in business from Malaysia’s 1MDB sovereign wealth fund, deals he said were cemented through bribes and kickbacks. Tim Leissner, the former chief of Goldman’s …
Ex-Goldman banker testifies that 1MDB deal made him a ‘hero’ Read More »
By Marcelo Rochabrun CANCAHUANI, Peru (Reuters) – On a cold day in January, a group of angry indigenous communities in Peru’s copper-rich Andes was driving a hard bargain with the government and Chinese mining firm MMG Ltd around a makeshift negotiating table on a covered soccer pitch. The argument was over trucking contracts and was …
China’s MMG faces Peru whack-a-mole as mining protests splinter Read More »
SEOUL (Reuters) -South Korea and Iran have held working-level talks on resuming imports of Iranian crude oil and unfreezing Iranian funds held in the East Asian nation, South Korea’s foreign ministry said on Wednesday. South Korea was previously one of Iran’s leading Asian oil customers. The move coincides with negotiations resuming in Vienna to revive …
South Korea, Iran discuss resuming oil trade, unfreezing funds Read More »
BENGALURU (Reuters) – India’s income tax authorities have conducted searches at multiple premises of Chinese telecoms equipment maker Huawei Technologies as part of a tax investigation, a government source told Reuters, confirming local media reports. The searches were conducted at Huawei’s office premises in New Delhi, neighbouring Gurugram and tech hub Bengaluru on Tuesday, the …
Indian tax authorities search premises of China’s Huawei Read More »
By Koustav Samanta (Reuters) – Finland’s Neste plans to produce its first batch of sustainable aviation fuel (SAF) in Singapore by the end of first quarter next year after the COVID-19 pandemic delayed its expansion project, a senior executive said on Wednesday. “It’s been delayed due to the pandemic as we were already hoping to …
Neste to start Singapore sustainable aviation fuel plant by Q1 2023 – executive Read More »
By Huw Jones and Tom Wilson LONDON (Reuters) – Risks from the $2.6 trillion crypto market could grow quickly and regulators need pre-prepared measures to bring the sector to heel, the Financial Stability Board (FSB), a risk monitoring watchdog for the G20 economies, said on Wednesday. While cryptoassets like bitcoin remain a small part of …
Time to ready global response to crypto risks, regulators say Read More »
DUBAI (Reuters) -Abu Dhabi’s Etihad Airways on Wednesday signed a letter of intent to order seven Airbus A350 freighter aircraft, European planemaker Airbus said at the Singapore Airshow. The value of the potential deal was not disclosed. The state-owned airline had been considering the Airbus freighter and the competing 777X cargo jet developed by Boeing. …
Abu Dhabi’s Etihad lines up order for seven Airbus A350 cargo planes Read More »
