Two lessors to Indian carrier SpiceJet Ltd (SPJT.NS) are in talks to terminate contracts and repossess planes via mutually agreed deals with the airline over missed payments, according to two…
Category: Business
Reeling Oklahoma oil producers win right to keep leases while wells shut
Oklahoma’s energy regulator said on Wednesday that oil producers could close wells without losing their leases, the first victory for struggling U.S. companies seeking relief from states after the market…
Nissan, partners to draft deeper alliance in May: Yomiuri
Nissan Motor Co (7201.T), Renault SA (RENA.PA) and Mitsubishi Motors Corp (7211.T) will draft plans for a deeper alliance next month, including joint development of more electric vehicles (EVs) and…
Daimler earnings plunge as coronavirus hammers vehicle sales, production
German car and truck maker Daimler (DAIGn.DE) reported a plunge of nearly 70% in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned that the cash flow…
Saudi Arabia may re-route tankers if U.S. imposes crude import ban, sources say
Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the kingdom,…
China on slow road to recovery, but recession risk is high
The Chinese economy will slowly recover from its first quarterly contraction since current records began, economists predicted in a Reuters poll, but they warned of a likely recession if conditions…
Venture firm Benchmark raises new fund without early Uber investor
The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent…