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Updated: 17 min ago

Exclusive: China's JD.com targets $2 billion fundraising at logistics unit - sources

Mon, 01/15/2018 - 4:41am
HONG KONG (Reuters) - China's second-biggest e-commerce firm JD.com has kicked off a fundraising round at its logistics unit with a target of at least $2 billion, and eventually plans to list the business overseas, people with direct knowledge of the matter said.

Airbus wins 2017 order race after last-minute sales spree

Mon, 01/15/2018 - 4:18am
PARIS (Reuters) - Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing's recent lead in the global jet market to win their annual order contest for the fifth year running, but doubts remain over the future of its flagship A380.

Britain's Carillion collapses, forcing government to step in

Mon, 01/15/2018 - 4:08am
LONDON (Reuters) - Britain's Carillion collapsed on Monday after its banks lost faith in the construction and services company, throwing hundreds of major projects into doubt and forcing the government to step in to guarantee vital public services.

European shares pause for breath; Carillion rivals gain

Mon, 01/15/2018 - 3:42am
LONDON (Reuters) - European stocks got off to a sluggish start on Monday following two weeks of gains, with cyclical stocks among the biggest decliners, while M&A remained in focus.

Toymaker Lego teams up with Chinese internet giant Tencent

Mon, 01/15/2018 - 3:28am
COPENHAGEN (Reuters) - Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop online games and potentially a social network aimed at Chinese children.

HNA's problems mount as airlines delay payments, bank sets up team to handle debt: sources

Mon, 01/15/2018 - 2:08am
SHANGHAI/SINGAPORE (Reuters) - Some airlines affiliated with China's HNA Group Co Ltd are delaying aircraft lease payments to lessors, and Export-Import Bank of China, which is a long-term financer of the group, has formed a team to handle the conglomerate's liquidity issues, several banking and leasing sources said.

Brent crude oil rises to $70 on output cuts, ignores North America rig gains

Mon, 01/15/2018 - 1:22am
SINGAPORE (Reuters) - Brent crude oil prices rose to $70 a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

SoftBank considers IPO for Japan wireless unit, said to seek $18 billion

Mon, 01/15/2018 - 12:30am
TOKYO (Reuters) - SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business, seeking to raise a reported $18 billion in a move that would accelerate the conglomerate's transformation into one of the world's biggest tech investors.

Ford plans $11 billion investment, 40 electrified vehicles by 2022

Sun, 01/14/2018 - 11:57pm
DETROIT (Reuters) - Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.

Oil near three-year highs on output cuts despite rising North American rig count

Sun, 01/14/2018 - 11:17pm
SINGAPORE (Reuters) - Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

Singapore central bank head hopes cryptocurrency tech will survive 'crash'

Sun, 01/14/2018 - 11:12pm
SINGAPORE (Reuters) - The head of Singapore's central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money.

After emissions scandal, VW on U.S. comeback trail with all-new Jetta

Sun, 01/14/2018 - 11:01pm
DETROIT (Reuters) - Volkswagen launched an all-new Jetta compact car, its biggest seller in America, at the Detroit Auto Show on Sunday as it looks to revive sales in the world's second-largest auto market and move on from the emissions scandal that has tarnished its reputation over the past few years.

Asia shares hit historic highs, dollar slips anew

Sun, 01/14/2018 - 9:01pm
SYDNEY (Reuters) - Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world.

SoftBank plans $18 billion IPO of mobile phone unit: Nikkei

Sun, 01/14/2018 - 8:58pm
TOKYO (Reuters) - SoftBank Group plans to list its mobile phone business and raise some US$18bn, the Nikkei newspaper has said, a spin-off that would complete the Japanese telecoms conglomerate's transformation into a global technology investor.

VW to spend more than $3.3 billion through 2020 on U.S. model expansion

Sun, 01/14/2018 - 8:07pm
DETROIT (Reuters) - Volkswagen plans to spend more than $3.3 billion on development and production of new models in North America from 2018 to 2020 as the German group reboots operations in the world's second-largest auto market.

Oil dips away from 2014 highs on rising U.S. rig count, but analysts say market supported

Sun, 01/14/2018 - 7:29pm
SINGAPORE (Reuters) - Oil prices dipped on Monday as rising drilling activity in the United States pointed to higher future output, although output cuts led by OPEC and Russia as well as healthy demand kept crude near December 2014 highs reached last week.

Softbank plans $18 billion IPO of mobile phone unit this year: Nikkei

Sun, 01/14/2018 - 7:15pm
TOKYO (Reuters) - SoftBank Group Corp plans to list its mobile-phone business and raise some $18 billion, the Nikkei newspaper said, a spin-off that would complete the Japanese telecoms conglomerate's transformation into a global technology investor.

Ford plans $11 billion investment, 40 electric vehicles by 2022

Sun, 01/14/2018 - 7:12pm
DETROIT (Reuters) - Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.

Asia shares hit historic high, dollar on defensive

Sun, 01/14/2018 - 6:43pm
SYDNEY (Reuters) - Asian shares hit historic highs on Monday as Wall Street extended its record-breaking run, while the U.S. dollar remained on the defensive as investors priced in the risk of tighter policies elsewhere in the rich world.

Ford ups electric vehicle plans to $11 billion by 2022: executive

Sun, 01/14/2018 - 5:49pm
(Reuters) - Ford Motor Co will increase significantly its planned investments in electric vehicles to $11 billion by 2022, Chairman Bill Ford told reporters on Sunday at the Detroit auto show.

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