News

AUTO1 raises $300 million to develop used-car retail platform
BERLIN (Reuters) – AUTO1 Group, the European digital used-car trading platform, said on Thursday it had raised 255 million euros ($300 million) from investors and

Saudi Arabia may cut September crude oil prices to Asia: survey
SINGAPORE (Reuters) – Top oil exporter Saudi Arabia may cut its September official selling price (OSP) for crude sold in Asia, tracking falling Middle East

Japan unhappy after WTO panel set up to rule on curbs of exports to South Korea
TOKYO/SEOUL (Reuters) – Japan said on Thursday it was disappointed South Korea was proceeding with a complaint to the World Trade Organization, a day after

Eni Cuts Dividend as Coronavirus Crisis Erases Quarterly Profit
(Bloomberg) — ENI SpA (NYSE:E) reported a second-quarter loss and reduced its dividend as the coronavirus crisis sent oil prices plunging. The Italian giant, one of several

Nestle sees slower growth this year as stockpiling effect wanes
ZURICH (Reuters) – Nestle (S:NESN) cut its full-year underlying sales growth forecast to 2-3% on Thursday, saying demand had slowed as customers worked their way

Exclusive: As Japan weighs missile-defence options, Raytheon lobbies for Lockheed’s $300 million radar deal
TOKYO (Reuters) – U.S. defence company Raytheon (N:RTN) is lobbying Japanese lawmakers to replace Lockheed Martin Corp (N:LMT) as the supplier of powerful radars as Tokyo reconsiders