Business News
Russia's Gazprombank freezes accounts of Venezuela's PDVSA: source2/17/2019 3:09:06 PM Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.Qatar aims to build $20 billion sports sector ahead of World Cup2/17/2019 1:59:16 PM Qatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion sports sector ahead of the 2022 World Cup, a senior official said on Sunday.Airbus warns of no-deal Brexit, says has spent tens of millions preparing2/17/2019 1:30:27 PM Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.Qatar's real estate market faces reality check ahead of World Cup2/17/2019 5:50:35 AM Qatar's Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 floors are empty.Nissan panel to recommend outside director to chair board: Nikkei2/17/2019 3:14:50 AM A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday.Canada's Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi2/16/2019 7:48:46 PM Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada.Russian court extends custody of Baring Vostok's Calvey until April2/16/2019 3:29:29 PM A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.Russian court orders Baring Vostok's Calvey to be kept in custody until April 132/16/2019 1:09:05 PM A Moscow court has ordered Baring Vostok's founder Michael Calvey to be kept in custody until April 13.Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber2/16/2019 12:35:11 PM Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America's fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.Famed Cullinan mine banks on big diamonds to drive down debt2/16/2019 11:24:41 AM The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing2/16/2019 8:34:43 AM Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission.U.S.-China trade talks to resume next week, Trump hints at extension2/16/2019 3:44:11 AM The United States and China will resume trade talks next week in Washington with time running short to ease their bruising trade war, but U.S. President Donald Trump repeated on Friday that he may extend a March 1 deadline for a deal and keep tariffs on Chinese goods from rising.China-U.S. trade talks 'making a final sprint': state media2/16/2019 3:43:41 AM Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced "step-by-step" progress.Automakers brace for U.S. government report on import tariffs2/16/2019 2:56:44 AM A confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the U.S. president to threaten tariffs on imported autos and auto parts by designating the imports a national security threat, auto industry officials said on Friday.Payless ShoeSource to start liquidation sales at stores2/16/2019 2:55:56 AM U.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down its e-commerce operations.Big U.S. exchanges to sue SEC over 'overreaching' fee experiment2/16/2019 2:50:22 AM The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders.Starboard gauges Bristol-Myers shareholder support for Celgene deal2/16/2019 2:09:24 AM Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker's $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday.Mexico to inject $3.9 billion in Pemex, seeks to prevent credit downgrade2/16/2019 1:44:16 AM Mexico will inject $3.9 billion into ailing state oil company Pemex, officials said on Friday, promising to strengthen its finances and prevent a further credit downgrade, although investors saw the plan as only a short-term fix.Analyst View: Investors divided over Mexico's bailout of state oil company2/16/2019 1:44:16 AM The Mexican government promised on Friday to do what it takes to strengthen the finances of ailing state oil company Petroleos Mexicanos with an injection of at least $3.6 billion to prevent a further credit downgrade.Mattel warns of weak 2019, shares drop most in 20 years2/16/2019 12:37:08 AM Mattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades.