Property developer Sunac China gets winding-up petition in Hong Kong

Cash-strapped property developer Sunac China said on Thursday it received a winding-up petition at the Hong Kong High Court over non-payment of certain senior notes worth $22 million and interest.

newspaper

08-09-2022

Special Report-How U.S. regulators allow ethanol plants to pollute more than oil refineries

In 2007, the U.S. Congress mandated the blending of biofuels such as corn-based ethanol into gasoline. One of the top goals: reducing greenhouse gas emissions.

newspaper

08-09-2022

Tesla triples deliveries of China-made cars after upgrade in Shanghai plant

SHANGHAI (Reuters) -Tesla sold 76,965 Chinese-made vehicles in August, nearly triple its sales from a month ago, as it quickened deliveries after ramping up output at its Shanghai plant.

newspaper

08-09-2022

Even with UN deal, Ukraine faces long haul to shift grain mountain

Too few ships are arriving in Ukraine to quickly clear mountains of grain built up over months of war despite a U.N.-backed sea corridor, threatening to drive up global food prices and leave the country's cash-strapped farmers struggling to plant crops.

newspaper

08-09-2022

UK's Melrose plants to spin off GKN auto business

Melrose Industries, the turnaround specialist that owns British engineer GKN, said on Thursday it plans to separate GKN Automotive and GKN Powder Metallurgy businesses from the group, and list the new holding company.

newspaper

08-09-2022

U.S., Indo-Pacific countries launch new-generation trade talks shunning tariff cuts

Economic ministers from the United States and 13 Indo-Pacific countries launch negotiations on Thursday on Washington's first major pan-Asian trade engagement effort in nearly a decade, but this time any deal won't cut tariffs.

newspaper

08-09-2022

UK's Melrose Industries to spin off GKN automotive unit - FT

(Reuters) -Jet and auto parts supplier Melrose Industries plans to spin off its GKN automotive unit as a new UK-listed company as it breaks up one of Britain's oldest engineering businesses, the Financial Times reported on Thursday.

newspaper

08-09-2022

UK's Melrose Industries plans to spin off GKN automotive unit - FT

Melrose Industries plans to spin off its GKN automotive division as a new UK-listed company, the Financial Times reported on Thursday, citing people familiar with the matter.

newspaper

08-09-2022

Richemont shareholders reject proposals from activist investor Bluebell

GENEVA (Reuters) -Luxury goods group Richemont successfully batted away proposals from activist investor Bluebell Capital at an annual shareholder meeting Wednesday in which tensions flared.

newspaper

07-09-2022