Traton expected to price toward lower end of range: sources
Volkswagen’s truck unit Traton is expected to price toward the lower end of the marketing range in this week’s initial public offering, people close to...
Swiss ban planemaker Pilatus from operating in Saudi Arabia, UAE
The Swiss foreign ministry on Wednesday banned planemaker Pilatus from operating in Saudi Arabia and the United Arab Emirates, saying the company had breached rules...
Fed’s Powell resists pressure for hefty rate cut, sends global stocks down
Global stocks fell while the dollar rose on Wednesday as comments from U.S. Federal Reserve dampened excitement about an aggressive rate cut as early as...
Japan watchdog to recommend $24 million fine for Nissan over Ghosn pay: source
Japan’s markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting...
Japan financial watchdog mulls fine for Nissan over Ghosn pay issue
Japan’s markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting...
Oil prices jump on U.S. crude stocks fall, major refinery outage
Oil prices hit their highest level in nearly a month on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast...
Macron calls for synergies, alliances to strengthen Renault-Nissan
French President Emmanuel Macron on Wednesday called for further synergies and alliances to strengthen the Renault-Nissan partnership in a global market....
Kuwaiti equities to be in main MSCI emerging markets index from 2020
MSCI Inc said on Tuesday it would upgrade Kuwaiti equities to its main emerging markets index in 2020, a move that could trigger billions of...
TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case
Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to...
Walmart says it aims to list Japanese supermarket unit Seiyu
Walmart aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, the U.S. company said in a statement on...