MOSCOW (Reuters) – Sanctions-hit oil company Rosneft will be able to apply for money from a state wealth fund, Deputy Prime Minister Arkady Dvorkovich said on Tuesday, adding that the government had “on the whole” approved the company’s investment program.
Here is the original:
Russia considers Rosneft request for help from state fund
BERLIN/PARIS (Reuters) – Airbus Group unveiled plans on Tuesday to sell half a dozen business units with combined revenues of around two billion euros as it focuses its Defence and Space division on warplanes, missiles, launchers and satellites.
See the rest here:
Airbus to sell business units in defense and space review
CHICAGO (Reuters) – Farm equipment makers insist the sales slump they face this year because of lower crop prices and farm incomes will be short-lived. Yet there are signs the downturn may last longer than tractor and harvester makers, including Deere & Co , are letting on and the pain could persist long after corn, soybean and wheat prices rebound.
As U.S. farm cycle turns, tractor makers may suffer longer than farmers
CARACAS (Reuters) – Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a ‘no-fly’ zone.
See the original post here:
Venezuela airline crisis makes travelers ever more inventive
TOKYO (Reuters) – Asian shares fell to 10-week lows on Tuesday as investors braced for a possible hawkish shift in the Federal Reserve’s policy stance in the lead-up to the U.S. central bank’s two-day policy meeting later in the day.
Asian shares on edge as investors brace for Fed
JAKARTA (Reuters) – Japan’s Mitsubishi Motors Corp will invest $600 million to set up its first multi-purpose vehicle factory in Indonesia, aiming to capitalise on strong demand for the segment in the country as well as to export to other markets in Asia.
Read the rest here:
Mitsubishi Motors to invest $600 million in Indonesian car factory
BEIJING (Reuters) – China’s foreign direct investment inflows in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world’s second-biggest economy.
China August FDI falls to lowest in at least two-and-a-half years
DETROIT (Reuters) – Detroit on Monday officially settled with one of its fiercest creditors, removing a major hurdle for the city to exit its historic bankruptcy but possibly creating another delay in the trial on restructuring its $18 billion in debt and obligations.
Read more from the original source:
Detroit reaches bankruptcy deal with fiercest creditor
(Reuters) – Wal-Mart Stores Inc’s Chief Spokesman David Tovar resigned after the company allegedly found that he had lied about his academic record in his resume, Bloomberg reported, citing a person familiar with the matter.
Here is the original post:
Wal-Mart spokesman resigns over false information in resume: Bloomberg
TOKYO (Reuters) – Asian shares cautiously edged higher on Tuesday as investors awaited a U.S. Federal Reserve meeting beginning later in the session, as expectations of a more hawkish Fed stance on monetary policy underpinned the dollar.
The rest is here:
Asian shares edge higher as investors await Fed
RIO DE JANEIRO/SHANGHAI (Reuters) – In the end, the answer to Brazilian miner Vale’s Chinese shipping problem turned out to be in the problem itself.
After standoff, Vale and China’s Cosco both claim shipping victory
(Reuters) – General Electric Co avoided using a geared design for its new engine for narrowbody jets because of concerns about weight and reliability, said a top GE executive on Monday as it battles with rival Pratt & Whitney for billions of dollars in engine orders.
See the original post:
GE exec says avoided geared design in jet engine battle with Pratt
(Reuters) – Two senior BNP Paribas energy traders in New York have left, but the Paris-based bank said on Monday it was not downsizing its U.S. commodity and energy businesses.
Read the original here:
Senior BNP Paribas energy traders quit; bank denies downsizing
(Reuters) – The top U.S. auto safety regulator harshly criticized General Motors Co for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a “new normal” for safety recalls.
Exclusive: U.S. safety chief raps GM’s ‘flawed’ culture on recalls
(Reuters) – Massachusetts’ highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships.
Read the original:
Tesla prevails in top Massachusetts court over direct sales