Britain’s Phoenix to buy Swiss Re’s ReAssure business for $4.1 billion
Phoenix Group Holdings has agreed to buy the British business of Swiss Re for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK...
Saudi, Russia look to seal deeper output cuts with producers
By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin...
China-built Tesla cars recommended for subsidies: ministry
China’s industry ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, a...
‘Moving right along’? Shares nudge up after Trump trade talk
World shares ticked up on Friday, buoyed by comments from U.S. President Donald Trump that talks aimed at dialling down the damaging trade war with...
SoftBank’s Son cleaves to gut-led investing in chat with Alibaba’s Ma
Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a...
China-made Tesla cars recommended for Chinese subsidies: ministry
China’s Industry Ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, according...
Phoenix to buy Swiss Re’s ReAssure unit for $4.1 billion
Insurance group Phoenix Group Holdings on Friday announced its biggest-ever deal, as it agreed to buy the British unit of Swiss Re AG for 3.2...
JPMorgan banker testifying for cartel prosecutors says there was no agreement
A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but...
Italy’s Atlantia interested in relaunch not rescue of Alitalia: paper
Italy’s Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia [CAITLA.UL], the chairman of the infrastructure group said...
Indonesia fines Garuda after CEO fired over smuggled Harley Davidson
Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorbike onboard...