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After Boeing showstopper, Airbus bounces back with Franke deal

2 hours ago DieselGasoil Comments Off on After Boeing showstopper, Airbus bounces back with Franke deal
LE BOURGET, France (Reuters) – Airbus struck a 50-plane deal with veteran low-cost airline investor Bill Franke on Wednesday, bouncing back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing’s grounded 737 MAX jet. An Airbus A350-1000 performs during the 53rd International Paris Air Show Read More

Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid

23 hours ago DieselGasoil Comments Off on Investor Litt says Hudson’s Bay worth double chairman’s C$1.74 billion bid
(Reuters) – Activist shareholder Jonathan Litt lambasted a C$1.74 billion bid to take Canadian retailer Hudson’s Bay Co private as “woefully inadequate” on Tuesday, saying the chairman-led shareholder group looking to push through a deal could double the offer. The shareholder group, which collectively owns 57% stake in the struggling retailer, made an offer last Read More

Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros

5 days ago DieselGasoil Comments Off on Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros
FRANKFURT (Reuters) – Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. FILE PHOTO: Visitors stand at the booth of Volkswagen’s truck unit Traton Read More

Volkswagen aims to raise 1.9 billion euros from truck unit IPO

5 days ago DieselGasoil Comments Off on Volkswagen aims to raise 1.9 billion euros from truck unit IPO
FILE PHOTO: The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo FRANKFURT (Reuters) – Volkswagen said on Friday that it aims to raise up to 1.9 billion euros ($2.1 billion) by floating a stake of at least 10% in its Traton trucks Read More

PetSmart’s Chewy gets Wall Street tails wagging with $1 billion IPO

5 days ago DieselGasoil Comments Off on PetSmart’s Chewy gets Wall Street tails wagging with $1 billion IPO
NEW YORK (Reuters) – Chewy Inc said on Thursday it priced its initial public offering at $22 per share, above its target, and sold more stock than originally planned, valuing the online pet products retailer at $8.77 billion. FILE PHOTO: The Petsmart store in Westminster, Colorado is seen November 18, 2014. REUTERS/Rick Wilking/File Photo The Read More

China, Hong Kong homebuyers play cross-border musical chairs in Bay Area

6 days ago DieselGasoil Comments Off on China, Hong Kong homebuyers play cross-border musical chairs in Bay Area
HONG KONG (Reuters) – An ambitious plan to transform the industrial towns of China’s Pearl River Delta into a modern economic zone powered by new technology ventures has triggered a rush of cross-border property investments between Hong Kong and the mainland. FILE PHOTO: Private residential blocks are seen behind a cemetery at Tseung Kwan O Read More

Analysis: US-China trade tension unlikely to curb US-Asia crude flows as Taiwan steps up

1 week ago DieselGasoil Comments Off on Analysis: US-China trade tension unlikely to curb US-Asia crude flows as Taiwan steps up
Singapore — China’s appetite for US crude oil seems unlikely to show any meaningful recovery in the second half of 2019 amid prolonged Washington-Beijing trade tension, but the overall US-East Asia crude flows may still flourish as Taiwan continues to fill the demand gap left by Chinese buyers. Not registered? Receive daily email alerts, subscriber Read More

South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding

1 week ago DieselGasoil Comments Off on South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding
SEOUL (Reuters) – Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalize on the globalization of a novel approach to short-stay accommodation, its chief executive told Reuters. The budget hotel and online booking platform operator reached the valuation having secured $180 Read More

Aurora partners with Fiat Chrysler over self-driving tech

1 week ago DieselGasoil Comments Off on Aurora partners with Fiat Chrysler over self-driving tech
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign at its U.S. headquarters in Auburn Hills, Michigan, U.S., May 25, 2018. REUTERS/Rebecca Cook/File Photo SAN FRANCISCO (Reuters) – Self-driving car software startup Aurora said on Sunday it would partner with Fiat Chrysler to build autonomous platforms for commercial vehicles, the latest collaboration with an automaker for Read More

Canadian oil pipeline congestion sets up lucrative storage play

1 week ago DieselGasoil Comments Off on Canadian oil pipeline congestion sets up lucrative storage play
CALGARY, Alberta/NEW YORK (Reuters) – Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and oil major BP Plc’s trading arm. FILE PHOTO: Crude oil storage tanks at Enbridge’s facility in Sherwood Park are seen Read More