By Ron Bousso LONDON (Reuters) – Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told Reuters. London-based Shell has said it will focus its oil and gas…
(This Dec. 17 story has been corrected to change the data in graphic “Abundant Supplies of Green Aluminium”) By Eric Onstad LONDON (Reuters) – Aluminium makers are set to boost low-carbon metal output by 10% in 2023 and churn out even more in the years ahead, driving down the cost for carmakers seeking climate-friendly supplies…
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Bridgewater has doubled its fund assets in China to more than 20 billion yuan ($2.93 billion) over the past year, according to two sources and government data, a feat that cements its position as the biggest foreign hedge fund in the country. The jump was…
By Victoria Waldersee BERLIN (Reuters) – BMW fourth-quarter group sales rose 10.6%, the carmaker said on Tuesday, helped by easing supply chain bottlenecks in a year that has been plagued by war in Ukraine and lockdowns in China. Full-year deliveries were down 4.8%, with Europe and China hardest hit by supply chain troubles that curbed…
(This Jan. 9 story has been corrected to fix AUM of Nuvama Wealth Management in the fourth paragraph after the fund issued a correction) By Bhakti Tambe MUMBAI (Reuters) – Indian investors are looking to increase the proportion of debt in their portfolios on expectations of a peak in policy tightening, a desire to lock…
BERLIN (Reuters) – The BMW brand delivered 2.1 million vehicles in 2022, down 5.1% from the previous year, but still maintained its number one position in the global premium segment, the company said on Tuesday. The BMW Group delivered 2.4 million vehicles, a 4.8% decrease from last year. The Group was able to more than…
PARIS (Reuters) – French carmaker Renault said on Tuesday that it had signed a cooperation agreement with propulsion systems and electronics developper PUNCH Torino on the Renault 4-cylinder diesel engines for light commercial vehicles. Under the terms of the agreement, PUNCH Torino will be able to purchase, use and sell the current and future Renault…
BENGALURU (Reuters) – Private-equity firm Carlyle Group said on Tuesday it acquired a majority stake in Indian beauty care and wellness solutions provider VLCC. The equity for the transaction will come from funds managed and advised by entities affiliated with Carlyle Asia Partners, Carlyle said in a statement, without disclosing any financial terms. VLCC founders…
A look at the day ahead in European and global markets from Anshuman Daga: The strong start to equity markets this year has got bulls excited but markets know it’s better to be well behaved before Federal Reserve Chair Jerome Powell speaks. Asian stocks edged lower on Tuesday after recent gains even as Asian tourism-focused…
By Minwoo Park, Chris Gallagher and Jiraporn Kuhakan SEOUL/TOKYO/BANGKOK (Reuters) – South Korean and Japanese shop owners, Thai tour bus operators and K-pop groups are among those celebrating China’s border reopening as businesses around Asia rekindle ties with the region’s largest economy. China was the world’s largest outbound tourism market before the pandemic, and the…
