Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela (PDVSA).
Reliance Industries shares saw their biggest intraday rise in a more than a decade on Tuesday, after it set a target to reach zero net debt within 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues.
European blockchain company The Bitfury Group, valued recently at more than $1 billion, has launched its artificial intelligence (AI) division, the company's top official told Reuters in an interview.
Asian shares slumped on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the yen.
German classified listings group Scout24 , reporting upbeat second-quarter profits, said on Tuesday it would explore options for its autos platform after facing calls from activist investor Elliott to sell the business.
Google's fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behavior has fueled its rise and cost them users and profits.
China's yuan <CNY=CFXS> is at an appropriate level currently and its fluctuations will not necessarily cause disorderly capital flows, a senior official at the People's Bank of China told Reuters on Tuesday.
Scout24 will explore the potential sale or spin-off of its autos marketplace, CEO Tobias Hartmann said, responding to activist investor Elliott's call to sell the business to boost shareholder returns.
Sensor specialist AMS on Tuesday said it took note of Osram's willingness to discuss a takeover and was looking forward to discussions.
German classified listings group Scout24 said on Tuesday it would explore a sale or spin-off of its autos platform after facing calls from activist investor Elliott to sell the business.
Reliance Industries shares saw their biggest intraday rise in more than a decade on Tuesday, after the company set a target to reach zero net debt in 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues.
Share markets fell for a third straight day on Tuesday as fears about a drawn out global trade war, protests in Hong Kong and a crash in Argentina's peso currency kept investors huddled in bonds, gold, and the Japanese yen for safety.
Oil prices edged higher on Tuesday as expectations for major producers to further curtail output offset lingering concerns over global demand and rising U.S. production.
China's yuan is at an appropriate level currently and two-way fluctuations in the currency will not necessarily cause disorderly capital flows, a senior official at the People's Bank of China told Reuters on Tuesday.
This is the most bullish outlook on fixed income since November 2008.