Business news

Ford Motor Co is in discussions with its lenders to extend maturities on US$5.35bn in existing credit facilities, two sources familiar with the...

Sunrun Inc said on Monday it will buy Blackstone-backed peer Vivint Solar for about $1.46 billion in an all-stock deal, as the top U.S....

Uber Technologies Inc said on Monday it would buy Postmates Inc in a $2.65 billion deal, looking to expand its reach into the food-delivery market...

World stocks will probably tread water for a year, according to Citi strategists, who recommend a more defensive portfolio in the face of the...

Ride-sharing company Uber Technologies Inc has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement,...

Intel Corp’s investment arm will pay some $255 million for a small stake in Reliance Industries Ltd’s digital unit Jio Platforms,...

General Motors Co’s vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming...

The U.S. Federal Reserve on Wednesday released thousands of letters and emails from individuals, businesses and nonprofit groups this spring urging...

Mexican financial authorities said on Tuesday they had revoked the license of the savings bank arm of retailer Grupo Famsa, which last week...

Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising...

Struggling Norwegian Air Shuttle ASA said it has notified Boeing Co. that it will cancel a deal to buy nearly 100 remaining planes, and is suing...

Britain’s Cineworld Group said on Tuesday it would delay reopening its cinemas in the United States and Britain until Friday 31st July,...

Royal Dutch Shell on Tuesday said it will write down the value of its assets by up to $22 billion after lowering its long-term outlook on oil...

Bankrupt Chesapeake Energy on Monday laid out its long-term plan and said it would operate just around half the number of active rigs through the...

BP has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $5 billion, pulling out of a sector...

Airbus was finalising an imminent restructuring plan expected to include thousands of job cuts on Monday as its chief executive confirmed plans to...

Telegram Group Inc has agreed to return $1.2 billion to investors and pay an $18.5 million civil penalty to resolve charges over an unregistered...

Sanofi is considering cutting up to 1,680 jobs in Europe, two sources familiar with the matter said on Friday, as the French drugmaker...

The European Commission will ask the European Securities and Markets Authority (ESMA) to investigate if BaFin, Germany’s banking regulator,...

Lufthansa shares jumped as much as 20% on Thursday after its top shareholder dropped his objections to a 9 billion euro ($10 billion)...

Italy’s top insurer Generali will buy a 24.4% stake in smaller rival Cattolica Assicurazione for 300 million euros ($337.41 million) in a...

Crescent Acquisition Corp, a special purpose acquisition firm, said it would buy Australian fitness chain F45 Training in a deal that values the...

The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in...

Australian listed oil and gas company FAR Ltd said on Wednesday its unit had defaulted on its obligations to the Sangomar joint venture project in...

Google will invest as much as $2 billion in a data centre in Poland to deal with cloud services, the Puls Biznesu daily said on Wednesday.

U.S. wireless carrier T-Mobile US Inc said it has priced a sale of its shares at $103 each in a deal that will see SoftBank Group divest a...

Fiat Chrysler is very close to obtaining the necessary authorisations to receive a 6.3 billion euros ($7.1 billion) state-backed loan from...

James Lipscombe was holed up in his house in Bishop’s Stortford, nursing a wife sick with the coronavirus disease, looking after two small...

Brazilian investment bank BTG Pactual plans to raise roughly 2 billion reais ($376.61 million) through a share offering to boost its digital...

Small and mid-sized businesses around the world are being hit hardest by the impact of COVID-19 lockdowns and about a fifth say they risk shutting...

Apple Inc on Monday will hold its annual conference for software developers, rolling out new features in its operating systems for iPhones and...

Investors managing £1.8 trillion ($2.2 trillion) in assets are widening a campaign pressing oil majors to better reflect climate risks in...

American Airlines Group Inc said on Sunday it plans to secure $3.5 billion in new financing, to improve the airline’s liquidity as it...

China’s two biggest e-commerce giants Alibaba and JD.com handled $136.51 billion of sales through their platforms in 24 hours, during one of...

Discount supermarket chains Aldi and Lidl look poised to accelerate their push into home delivery to satisfy burgeoning demand for online grocery...

Nissan Motor Co plans to cut more shifts at its three assembly plants in Japan due to falling demand, two sources said on Friday, as the...

Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the...

U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity...

Austrian short-haul budget carrier Level Europe plans to file for insolvency, it said on Thursday, becoming the latest airline casualty of the...

Tesco PLC said Thursday that it has agreed to sell its business in Poland to the Danish retailer Salling Group A/S. for net proceeds of around 165...

Australia’s antitrust regulator warned Google’s planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too...

German flagship carrier Lufthansa said on Tuesday that the implementation of its bailout deal had not been secured and it might need to apply for...