By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) – Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela would lock in the fund’s low-ball bid, the company’s creditors said in new court filings against the deal. The backlash to Elliott Investment …
Citgo auction creditors assail Elliott bid, seek rival offers Read More »
By Akash Sriram and Abhirup Roy (Reuters) – Tesla’s investors and analysts will get a chance to grill CEO Elon Musk on his robotaxi plans on Wednesday when the electric automaker reports its quarterly results, after a much-hyped unveil this month that lacked key details and slammed shares. Musk’s roughly 20-minute introduction to the self-driving …
Musk to face questions on Tesla’s robotaxi bets on results day Read More »
(Reuters) -China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for $430.3 million, fully exiting the business. It will sell the stake in Fast Food Holdings to a unit of Chinese private equity firm Trustar Capital Partners, CITIC said in …
CITIC to sell stake in McDonald’s China, HK operations for $430.3 million Read More »
By Nathan Gomes and Nora Eckert (Reuters) – General Motors and Ford Motor will likely have a tough time convincing investors when they report results that Detroit’s pricing power for gasoline cars is still strong and losses from their EV ventures are dwindling. GM is set to release its results for the July to September …
GM, Ford brace for investor scrutiny over pricing power, EV losses Read More »
By Khanh Vu and Phuong Nguyen HANOI (Reuters) -Vietnam’s parliament elected on Monday army general Luong Cuong as the new state president in a widely anticipated move that is expected to bring some stability to Vietnamese politics after a turbulent phase of departures and reshuffles. Cuong, 67, takes over the role from To Lam, who …
Vietnam parliament elects army general as state president Read More »
BRUSSELS (Reuters) – The European Commission has approved 128 million euros ($139 million) of Swedish state aid to help steelmaker SSAB decarbonise its production, the Commission said on Monday. “The measure will contribute to the achievement of the European Green Deal and the Green Deal Industrial Plan targets, while also helping to end dependence on …
EU approves $139 million of Swedish aid to help steelmaker SSAB decarbonise Read More »
(Reuters) -The Maritime and Port Authority of Singapore (MPA) on Monday said it received an alert about an engine room fire onboard a Malta-flagged tanker, the Med Atlantic, which was anchored in the East Johor Straits within Singapore waters. The vessel is currently anchored and there is no disruption to vessel traffic in the area, …
Singapore port authority reports fire onboard tanker in East Johor Straits Read More »
By Hyunsu Yim and Hyonhee Shin SEOUL (Reuters) – South Korea’s foreign ministry summoned the Russian ambassador in Seoul on Monday to protest over what it has called the sending of North Korean troops to Russia for deployment in Ukraine. The Kremlin declined to directly answer a query on whether North Korean troops were going …
South Korea summons Russian envoy to protest North Korea troop dispatch Read More »
By Aditya Soni (Reuters) -Microsoft will allow its customers to build autonomous artificial intelligence agents from next month, in its latest push to tap the booming technology amid growing investor scrutiny of its hefty AI investments. The company is positioning autonomous agents – programs that need little human intervention unlike chatbots – as “apps for …
Microsoft to let clients build AI agents for routine tasks from November Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee declined to its weakest closing level on record on Monday but avoided sharper losses as likely intervention by the Reserve Bank of India (RBI) blunted the pressure from weakness in regional peers and persistent dollar outflows. The rupee closed at 84.0725 against the U.S. dollar, a …
Rupee slips to record closing low on outflows, weak Asia FX Read More »
