Norway sovereign fund backs Teck Resources in battle with Glencore
OSLO (Reuters) -Norway’s sovereign wealth fund, one of the world’s largest investors, said on Friday it will support a plan…
Business
Services drive acceleration in German business activity in April – flash PMI
BERLIN (Reuters) – German business activity expanded for a third month running in April, boosted by a services sector revival…
Japan carrier ANA Holdings raises profit estimate on cheaper fuel, yen rise
TOKYO (Reuters) – Japan’s largest airline ANA Holdings Inc on Friday raised its profit estimate for the just-ended fiscal year,…
Holcim shrugs off interest rate fears to raise guidance
By John Revill ZURICH (Reuters) -Holcim AG shrugged off concerns about rising interest rates dampening building industry demand as the…
Rainy March dampens shopper spending in Britain
LONDON (Reuters) -British retail sales fell by a greater-than-expected 0.9% in March from February, official figures showed on Friday, with…
Carlyle eyes fresh backers for McDonald’s China arm – Bloomberg News
(Reuters) -Carlyle Group Inc is considering bringing in fresh backers for its investment in McDonald’s Corp’s China operations, seeking a…
At Shanghai show, auto rivals lure drivers with in-car karaoke, crystal balls
By Casey Hall SHANGHAI (Reuters) – Automakers keen to make a splash at the Shanghai auto show showed off vehicles…
Italy may ratify EU bailout fund reform “if turned into growth instrument” – Meloni
ROME (Reuters) – Italy is ready to consider ratifying the reform of the euro zone’s bailout fund (ESM) for countries…
ValueAct urges ouster of Seven & i President Isaka – letter
By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital is pushing to oust Seven & i Holdings President Ryuichi Isaka,…
Ford must rethink its brand for China as EVs boom, CEO says
DETROIT (Reuters) – Facing a booming and hyper-competitive market for electric vehicles (EVs) in China, Ford Motor Co needs to…