Wed03292017

LAST_UPDATEWed, 29 Mar 2017 9am

Unilever Prepares 6 Billion Pound Sale Of Food Brands: Newspapers

Pic: Reuters

Unilever (ULVR.L) (UNc.AS) is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday.

Read more: Unilever Prepares 6 Billion Pound Sale Of Food Brands: Newspapers

G20 Trade Wording Considered A Setback For Export Champion Germany

Pic: Reuters

The failure of the world's financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday.

Read more: G20 Trade Wording Considered A Setback For Export Champion Germany

VW CEO Offices Searched In Audi Investigation: Bild Am Sonntag

Pic: ReutersMunich prosecutors searched the offices of Volkswagen Chief Executive Matthias Mueller as part of an investigation into diesel emission test cheating at Audi, German weekly Bild am Sonntag said.

Read more: VW CEO Offices Searched In Audi Investigation: Bild Am Sonntag

Why Two Foreign Bidders Regard Proton As Valuable

KUALA LUMPUR: Two huge car companies with global operations are now running neck-and-neck bidding for a majority stake of Proton, with both offering many sweeteners to win over the Malaysian car maker.

Read more: Why Two Foreign Bidders Regard Proton As Valuable

Apple CEO Tim Cook Calls For More Global Trade With China

Pic: ReutersApple Chief Executive Tim Cook expressed support for globalization and said China should continue to open its economy to foreign firms, while speaking at a forum in Beijing on Saturday.

Read more: Apple CEO Tim Cook Calls For More Global Trade With China

Trade Unlikely To Be Mentioned In Final G20 Communique - G20 Officials

Pic: ReutersThe world's financial leaders are unlikely to make any reference to trade in their final communique on Saturday because they have been unable to find a wording that would suit the United States, officials with knowledge of the talks said.

Read more: Trade Unlikely To Be Mentioned In Final G20 Communique - G20 Officials

Jack Ma To Launch Alibaba's Regional Distribution Hub In M'sia

KUALA LUMPUR: Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in the region, two sources aware of the discussions said.

Read more: Jack Ma To Launch Alibaba's Regional Distribution Hub In M'sia

Rubber Mart To Continue Range-Bound Trading Next Week

KUALA LUMPUR -- The Malaysian rubber market is likely to continue to trade range-bound next week as the weather heads into the wintering season, curbing rubber production.

Read more: Rubber Mart To Continue Range-Bound Trading Next Week

BA Owner IAG Launches New Long-Haul Airline Level

Pic: BBC

The owner of British Airways is launching a new long-haul budget airline based in Barcelona.

Read more: BA Owner IAG Launches New Long-Haul Airline Level

Tesla Raises $1.2 Billion, 20 Percent More Than Planned

Pic: ReutersTesla Inc said on Friday it had raised about $1.2 billion, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 sedan.

Read more: Tesla Raises $1.2 Billion, 20 Percent More Than Planned