By Sam Tobin and Eric Onstad LONDON (Reuters) -Trafigura’s $600 million case against Indian businessman Prateek Gupta over fake nickel cargoes began at London’s High Court on Monday, with the commodities trader saying it was the victim of a fraudulent “Ponzi scheme”. Geneva-based Trafigura alleges that Gupta was the mastermind of a fraud in which …
Trafigura’s $600 million nickel fraud trial starts in London Read More »
By Nora Eckert DETROIT (Reuters) -Amazon shoppers can browse and buy Ford Motor vehicles on the e-commerce platform starting on Monday, joining Hyundai in adding online options for customers who want to avoid dealership lots. The Dearborn, Michigan-based automaker and the tech company said customers will be able to shop a participating dealer’s inventory of …
Ford to sell used vehicles on Amazon, joining Hyundai Read More »
FRANKFURT (Reuters) -China’s biggest automaker BYD is planning to double it sales network in Europe by the end of next year, a senior executive said on Monday, as part of an aggressive push into the continent’s market. “By the end of 2025, we will be present with 1,000 points of sale in Europe, and next …
BYD aims to double European sales network by end-2026, executive says Read More »
TOKYO (Reuters) -Japanese Prime Minister Sanae Takaichi will meet Bank of Japan Governor Kazuo Ueda on Tuesday at 3:30 p.m. (0630 GMT), the Prime Minister’s Office said in a bulletin on Monday. It will mark Takaichi’s first formal meeting with the central bank chief since she was inaugurated as Japan’s prime minister last month. After …
Japan PM Takaichi to meet BOJ Governor Ueda on Tuesday, PM office says Read More »
ISTANBUL (Reuters) -Malaysian low-cost carrier AirAsia X, which recently launched flights to Istanbul, is planning to establish more long-haul routes to Europe sometime next year, its CEO Benyamin Ismail told Reuters on Monday. AirAsia X began flying direct to Istanbul from Kuala Lumpur on November 14. The route marked a return to Europe for the …
Low-cost carrier AirAsia X plans new long-haul European routes, CEO says Read More »
By Maria Martinez BERLIN (Reuters) -Germany addressed the topic of Chinese overcapacity in key sectors such as steel, solar and electric mobility at the China-Germany Financial Dialogue on Monday, German Finance Minister Lars Klingbeil said. “From the German perspective, we see fair competition at risk and also see industrial jobs under threat,” Klingbeil said in …
(Reuters) -Japanese investment bank Nomura Holdings on Monday denied a Bloomberg News report that it was investigating its India fixed-income unit over profit inflation in recent years. Bloomberg News reported earlier in the day, citing people familiar with the matter, that the company was asking senior officials in its rates division to determine whether profits …
Nomura denies report of probe into its India fixed-income business Read More »
TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda told a meeting of Japan’s top economic panel last week that keeping monetary policy too loose for too long carries risks against achieving its inflation target stably, minutes of the meeting showed on Monday. The Council on Economic and Fiscal Policy met on November 12 in their …
BOJ governor warned panel of prolonged loose policy risks, minutes show Read More »
By Sophie Yu and Casey Hall BEIJING, November 17 (Reuters) -Cosmetics giant L’Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly. L’Oreal did not disclose the size or cost of the stake, but …
L’Oréal buys second Chinese skincare stake as C-Beauty brands snare market share Read More »
TOKYO (Reuters) -Tokyo Gas, Japan’s largest city gas supplier, said on Monday it sold its U.S.-based subsidiary, TVL LLC, involved in gas development and production to Grayrock Energy for $255 million. The unit, operating in Louisiana’s Haynesville and Cotton Valley formations, was sold as part of Tokyo Gas’s strategy to optimise its asset portfolio, it …
Tokyo Gas sells US gas unit to Grayrock Energy for $255 million Read More »
