Musk says talking to Saudi fund, others on Tesla buyout
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign wealth fund and other potential backers of his plan to…
Indonesia lobbies U.S. to maintain special tariff treatment
JAKARTA (Reuters) – Indonesia lobbied visiting U.S. Secretary of State Mike Pompeo to keep the Southeast Asian nation on a list of countries that receive preferential trade terms, its foreign…
Dell moves to go public, spurns IPO
(Reuters) – Dell Technologies Inc said on Monday it would pay $21.7 billion in to buy back shares tied to its interest in software company VMware Inc (VMW.N), paving the…
China’s Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources
HONG KONG (Reuters/IFR) – China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest…
Diesel fallout is responsibility of carmakers: German minister
BERLIN (Reuters) – German carmakers will have to take responsibility for the fallout from their cheating in diesel cars’ emission tests, Transport Minister Andreas Scheuer said on Thursday. FILE PHOTO:…
Canadian exchange operator TMX blames hardware failure for outage
TORONTO (Reuters) – Canada’s largest stock exchange operator said on Saturday that the failure of data storage equipment caused an outage that shut down the world’s sixth-largest stock market for…
Rusal shares plunge over 40 percent on U.S. sanctions
HONG KONG (Reuters) – Shares of Russian aluminum giant United Company Rusal Plc (0486.HK) plunged as much as 41.8 percent on Monday as investors bailed on the stock after it…
New York Fed launches U.S. Libor contender, slow takeup seen
(Reuters) – The New York Federal Reserve launched a benchmark U.S. rate on Tuesday to potentially replace Libor, and market participants hope it will prove more reliable after a long…