Thursday, 17 October 2019

Oil rises, supported by U.S. fuel stock draws but weighed by crude build

Oil rises, supported by U.S. fuel stock draws but weighed by crude build

Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.

Toyota conducts final phase of recall to replace Takata airbag inflators

Toyota Motor Corp's North America unit said on Thursday it was conducting the final phase of a safety recall to replace potentially faulty Takata airbag inflators in about 928,000 vehicles.

UAW deal with GM to end strike includes pay raises, but three plants would close

The United Auto Workers union wrung higher pay and better coverage for temporary workers from General Motors Co as part of its tentative deal to end a month-long U.S. strike, but the deal would also allow the automaker to move forward with closing three plants, the union said on Thursday.

Timeline: UAW wrings higher pay from GM in deal to end strike, agrees to plant closings

The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed on Thursday.

Elliott pushes Japan's Unizo to accept $1.6 billion Blackstone bid

Unizo Holdings' top shareholder Elliott Management pushed the Japan hotel operator to accept a $1.6 billion tender offer from Blackstone Group, warning it would take "all available measures" if it fails to do its "fiduciary duty".

What makes Japanese hotelier Unizo attractive for Blackstone and Elliott?

Little-known hotelier Unizo Holdings Co Ltd has found itself the center of private equity attention, with global names vying for the opportunity to buy into Japan's property market on the cheap.

Judge summons drug company CEOs to court to discuss opioid settlement: source

The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person familiar with the matter said on Thursday.

Netflix and Amazon face censorship threat in India: source

India is deliberating potential censorship on streaming platforms such as Netflix and Amazon Prime Video, a senior government source told Reuters.

Stocks, sterling rise on long-awaited Brexit deal

A deal on Britain's departure agreed with the European Union sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak before doubts about UK parliamentary support brought them back to earth.

Saudi Aramco delays planned IPO to allow for earnings update: sources

Saudi Aramco has delayed the planned launch of its initial public offering (IPO), as the giant oil company wants to update investors with its latest earnings before proceeding, two sources familiar with the matter said on Thursday.

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