(Reuters) – Venezuela’s state-run energy company, PDVSA, kept oil exports near 1 million barrels per day in March despite U.S. sanctions and power outages that crippled its main export terminal, according to PDVSA documents and Refinitiv Eikon data. The OPEC member stabilized exports in March after shipments fell about 40 percent in February from the […]

TOKYO (Reuters) – Tokyo prosecutors are preparing to build a fresh case against ousted Nissan Motor Co Ltd chairman Carlos Ghosn over suspect payments the automaker made to a business partner in Oman, Japan’s Yomiuri newspaper reported on Wednesday. Tokyo prosecutors are in discussions with the Supreme Public Prosecutors Office and others and plan to […]

NEW YORK (Reuters) – PG&E Corp is expected to name Bill Johnson as chief executive of the bankrupt California energy company facing $30 billion in wildfire liabilities, as soon as Wednesday, a source familiar with the private negotiations said on Tuesday. Johnson, who has been the CEO of the Tennessee Valley Authority since 2013 and […]

(Reuters) – Major automakers on Tuesday reported weak U.S. sales for March and the first quarter, citing a rough start to the year, but said a robust economy and strong labor market should encourage consumers to buy more vehicles as 2019 rolls on. Passenger-car sales suffered throughout the January-March quarter compared with the same period […]

(Reuters) – Insurer American International Group Inc said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism. The pay, for Duperreault’s first full year at the helm of the insurer, was less than half […]

Virgin Atlantic is to replace its traditional emblem with a diverse range of men and women “representing modern Britain”. Among the people wearing a red leotard in the updated artwork – to be put on its new A350-1000 fleet – will be a black man and black woman, and a gay man. The airline says […]

PARIS (Reuters) – An almost 40 million euros ($44.78 million) golden parachute farewell that Airbus’ outgoing Chief Executive Tom Enders could get is excessive and may harm the company’s image, France’s finance minister said in remarks published on Tuesday. Le Monde newspaper reported that his departure package was worth 36.8 million euros, citing a calculation […]

SAN FRANCISCO (Reuters) – Lyft Inc’s stock sank further below its IPO price on Tuesday after receiving its first negative review from an analyst who is skeptical that consumers will give up car ownership in favor of relying on ride-hailing services. Shares of the money-losing San Francisco company fell as much as 4.2 percent to […]

NEW YORK (Reuters) – World stock markets were little changed on Tuesday after grazing a six-month high as investors took a breather following a three-day run of gains. Oil prices, meanwhile, continued to ascend amid the prospect of tightening supply due to further possible sanctions against Iran and other disruptions. MSCI’s key gauge of global […]

BEIJING (Reuters) – Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country’s value-added tax (VAT) rate came into effect from April 1. Price tags for products listed on Apple’s China website were lowered on Monday morning, including a discount of up to 500 […]