BP expects to reach its 35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlierthanexpected proceeds from disposals and a very strong quarter. The company, which had a debt pile of 39 billion at the end of 2020, had earlier expected to reduce its debt to […]

Tesla Inc was set to add about 50 billion to its market value as the electric carmakers shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset the impact of a global shortage in auto parts. The stock jumped nearly 8 in premarket trading and it was […]

Tribune Publishing Co has received a 680 million takeover offer from Newslight LLC, a bid that trumps an earlier proposal from hedge fund Alden Global Capital for the owner of the Chicago Tribune and the New York Daily News. Tribune said in a statement on Monday that its board had determined that the 18.50 per […]

Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest 1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible senior notes, which will bear 1.5 interest per year. The company said the notes will have an […]

Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as sales gains of the Model 3 and Model Y offset the impact of a global shortage of parts. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full […]

TOKYO Reuters U.S. exports of liquefied natural gas LNG to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID19 pandemic, Eikon trade data shows. As with the rampup of U.S. oil exports that forced heavyweights like […]

Reuters U.S. oil producer Pioneer Natural Resources agreed on Thursday to acquire privatelyheld rival DoublePoint Energy for about 6.4 billion, speeding up a consolidation of shale oil producers. Oilfield rollups have accelerated this year as energy prices recover following last years coronavirusdriven market crash. Companies with strong balance sheets have been snapping up debtladen and […]

SEOUL, April 2 Reuters South Koreas HYBE Co Ltd, formerly known as Big Hit Entertainment and the manager for Kpop supergroup BTS, is to acquire music executive Scooter Brauns Ithaca Holdings in a 1.05 billion deal. The merger brings together BTS, Justin Bieber, Ariana Grande and other artists under one roof for management, label services […]

HM reported a quarterly loss on Wednesday and said that it was dedicated to regaining the trust of shoppers in China following a recent backlash there after comments it made last year the on the Xinjiang region. The worlds secondbiggest fashion retailer has come under fire from consumers and officials in China after an HM […]

Mastercard is among five companies which broke the law for cartel behaviour when offering prepaid cards to vulnerable members of society, Britains Payment Systems Regulator said on Wednesday. Mastercard, allpay, APS, PFS and Sulion agreed not to compete or poach each others customers on cards used by local authorities for welfare payments including to the […]