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Exclusive: Italy’s UniCredit puts possible Commerzbank bid on ice for now – sources

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LONDON/MILAN (Reuters) – Italy’s UniCredit has put a possible bid for Commerzbank on ice as the German rival does not want to engage in negotiations so soon after the collapse of merger talks with Deutsche Bank, four sources said. FILE PHOTO: A Commerzbank logo is pictured before the bank’s annual news conference in Frankfurt, Germany, Read More

Wood continues growth in Norway with two new Equinor contracts

7 hours ago DieselGasoil Comments Off on Wood continues growth in Norway with two new Equinor contracts
6/24/2019 BOSTON — Wood has secured two new contracts from Equinor for onshore and offshore facilities in Norway. The contracts continue Wood’s successful track record of delivering engineering and technical services to Equinor — both in-country and globally — for more than two decades. In the first of the new contracts, Wood will deliver FEED Read More

Huawei files lawsuit against US government over seizure of equipment

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Chinese tech giant Huawei has filed a civil lawsuit against the US Commerce Department over the mishandling of telecommunications equipment seized by American officials, demanding its release. According to the complaint, the US government took possession of hardware, including an ethernet switch and computer server, which was transported from China to an independent laboratory in Read More

Huawei files lawsuit against U.S. Commerce Dept over seized equipment: filing

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WASHINGTON (Reuters) – Huawei Technologies Co Inc filed a lawsuit against the U.S. Commerce Department on Friday challenging whether telecommunications equipment it sent from China to the United States, and then back to China, is covered by Export Administration Regulations, according to a court filing. FILE PHOTO: A Huawei company logo is seen at the Read More

Huawei files lawsuit against U.S. Commerce Department over seized equipment: filing

3 days ago DieselGasoil Comments Off on Huawei files lawsuit against U.S. Commerce Department over seized equipment: filing
FILE PHOTO: A Huawei company logo is seen at the Shenzhen International Airport in Shenzhen in Shenzhen, Guangdong province, China June 17, 2019. REUTERS/Aly Song WASHINGTON (Reuters) – Huawei Technologies Co Inc filed a lawsuit against the U.S. Commerce Department on Friday in a fight over whether telecommunications equipment that it sent from China to Read More

U.S. judge tosses former SAC Capital trader’s insider trading guilty plea

3 days ago DieselGasoil Comments Off on U.S. judge tosses former SAC Capital trader’s insider trading guilty plea
NEW YORK (Reuters) – A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying recent changes in the law meant there were not enough facts to support the plea. FILE Read More

Asian sweet crude market weakens for August cycle on poor margins

4 days ago DieselGasoil Comments Off on Asian sweet crude market weakens for August cycle on poor margins
Singapore — Traded differentials for Asian sweet crude grades fell across the board for the August trading cycle, weighed down by greater supply this month and weak demand as refiners cut run rates amid poor refining margins, trade sources said Friday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Foxconn chairman hands over reins ahead of presidential bid

4 days ago DieselGasoil Comments Off on Foxconn chairman hands over reins ahead of presidential bid
TAIPEI (Reuters) – Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan’s presidential elections next year. FILE PHOTO: Terry Gou, founder and chairman of Foxconn reacts during an interview with Reuters in New Read More

Foxconn chairman hands over reins to new committee

4 days ago DieselGasoil Comments Off on Foxconn chairman hands over reins to new committee
FILE PHOTO: Terry Gou, founder and chairman of Foxconn reacts during an interview with Reuters in New Taipei City, Taiwan June 12, 2017. REUTERS/Eason Lam/File Picture TAIPEI (Reuters) – Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as Read More