U.S. housing starts at 13-year high in December; permits ease
U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid...
U.S. to review petition seeking formal defect probe into 500,000 Tesla vehicles
The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc models over...
Exclusive: China’s Ant aims for $200 billion price tag in private share sales – sources
Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the...
Exclusive: HSBC cutting around 100 staff in equities business – sources
HSBC is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar...
Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources
China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16...
Indonesian minister says SoftBank offering to invest up to $40 billion in new capital
SoftBank has offered to invest up to $40 billion in the new capital city Indonesia plans to build on Borneo island, a minister said on...
HSBC cutting around 100 staff in equities business: sources
HSBC is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar...
Fiat Chrysler and Foxconn plan push into Chinese electric car market
Automaker Fiat Chrysler plans to set up a joint venture with the parent of iPhone assembler Foxconn to build electric cars and develop internet-connected vehicles...
Oil steady as sluggish China growth offsets trade deal optimism
Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand and...
Exclusive: Temasek, Trustbridge target majority stake in WeWork China at $1 billion valuation – sources
Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co-working startup to...