auction

Global oil majors look to shed refineries as crude prices rebound

By Jessica Resnick-Ault NEW YORK (Reuters) – Global oil majors Chevron Corp and Royal Dutch Shell Plc are putting small refineries on the auction block as they look to trim lower-margin assets in the face of headwinds from rising crude oil prices. Chevron, the second largest U.S. oil company, is soliciting interest in its Burnaby, British Columbia, refinery and gasoline stations, the company told Reuters. Shell is looking for buyers for its Martinez, California, refinery, two people familiar with

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Global oil majors look to shed refineries as crude prices rebound

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Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market. Apple is trying to reinvigorate

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Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

auction

Panama airport places $575 million bond after probe hits issue

Panama City's main airport said on Friday it had successfully placed a $575 million bond after a company forming a major source of income for the hub became embroiled in a money-laundering probe, prompting the issue to be restructured. Originally earmarked for $625 million, the bond for Tocumen International Airport was pared back after the U.S. Treasury Department accused members of the Waked family of running a money laundering…

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Panama airport places $575 million bond after probe hits issue

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China orders banks to clear hurdles slowing private sector lending: sources

SHANGHAI, May 14 (Reuters) – – China's banking regulator has sent an urgent notice to banks telling them to clear bottlenecks slowing lending to private firms, sources with direct knowledge told Reuters, highlighting rising concern in Beijing about torpid private investment. Chinese banks sharply cut new lending in April after a record first-quarter credit spree, much of which appeared to go to the state sector and may have helped inflate asset bubbles in real estate and commodities. According to the document seen by Reuters, the China …

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China orders banks to clear hurdles slowing private sector lending: sources

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Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources

While there is no certainty that the consortium will prevail in the auction, the interest of Buffett and Gilbert is a boost for the Sunnyvale, California-based company, which has been surpassed in recent years by…

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Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources