Sunday, 5 May 2024

Business

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Oil soars after attacks on Saudi, weak China data hits shares

SYDNEY (Reuters) – Oil surged to four-month highs on Monday after weekend attacks on crude facilities in Saudi Arabia sparked supply fears, while shares in Asia extended losses as bleak economic data from China sapped investors’ appetite for riskier assets. European and U.S. stocks market looked set to follow, with Eurostoxx 50 futures slipping 0.7%, […]

Oil soars after attack on Saudi plants shuts in 5% of global supply

SINGAPORE/SEOUL (Reuters) – Oil prices soared on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut about 5% of global supply. Brent crude futures, the international benchmark, rose by as much as 19.5% to $71.95 per barrel, […]

Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal

(Reuters) – Dream Global Real Estate Investment Trust (DRG_u.TO) said on Sunday it is to be bought by funds managed by Blackstone Group Inc (BX.N) in a C$6.2 billion ($4.69 billion) deal. Blackstone will pay C$16.79 in cash for each Dream Global unit to acquire all of the office and industrial property manager’s subsidiaries and […]

WeWork IPO spells rough landing for CEO Neumann

NEW YORK (Reuters) – Adam Neumann showed he can capitalize on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into a global brand commanding a $47 billion valuation. Yet his plans to take WeWork’s corporate parent the […]

Border gardai shortages exposed as Brexit deadline chaos looms

Ballybofey is a busy market town in Co Donegal with around 5,000 people. It sits on the national road network 20 minutes from the Border. The main Bus Eireann depot for buses coming from all over the country is five minutes across the river in Stranorlar. For the past six months, the town’s gardai have […]

BMW engine development expert Duesmann set to become Audi chief in April: report

BERLIN (Reuters) – BMW’s (BMWG.DE) engine development and purchasing expert, Markus Duesmann, is set to become the CEO of Volkswagen’s (VOWG.DE) Audi premium brand, after BMW dropped its opposition to his early departure, a German newspaper reported on Saturday. The Frankfurter Allgemeine Zeitung cited a person with knowledge of the appointment as saying Duesmann will […]

Casper Dreams of Being Bigger Than Mattresses

Neil Parikh hadn’t been getting a lot of rest, and it showed. It was deep into the afternoon, and Mr. Parikh, a founder of the direct-to-consumer mattress start-up Casper, was looking at the menu of a Midtown Manhattan coffee shop, debating whether it was too late for another cappuccino. “This whole week, basically, I’ve been […]

Salvadorans, Washington’s Builders, Face Expulsion Under Trump

A few minutes before going to work deep beneath Washington’s streets, the Salvadoran construction workers checked off the projects they had built for the city’s residents: storm water tunnels, new Metro lines and train stations, and shuttles at Dulles International Airport. Now these workers are at risk of losing their jobs and being removed from […]

Hong Kong exchange vows to press on with $39 billion LSE bid after rebuff

LONDON (Reuters) – Hong Kong’s exchange refused to give up on its bid to take over the London Stock Exchange (LSE.L) after the British bourse emphatically rejected its $39 billion takeover offer on Friday. The Hong Kong exchange said it would now hold more talks with LSE investors as it considers its next step, aiming […]