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Russia's Gazprombank freezes accounts of Venezuela's PDVSA: source

February 17, 2019 by  

Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.


Source: Reuters Business News

Qatar aims to build $20 billion sports sector ahead of World Cup

February 17, 2019 by  

Qatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion sports sector ahead of the 2022 World Cup, a senior official said on Sunday.


Source: Reuters Business News

Airbus warns of no-deal Brexit, says has spent tens of millions preparing

February 17, 2019 by  

Airbus said on Sunday it would have to make “difficult decisions” about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.


Source: Reuters Business News

Qatar's real estate market faces reality check ahead of World Cup

February 16, 2019 by  

Qatar’s Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 floors are empty.


Source: Reuters Business News

Nissan panel to recommend outside director to chair board: Nikkei

February 16, 2019 by  

A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday.


Source: Reuters Business News

Russian court extends custody of Baring Vostok's Calvey until April

February 16, 2019 by  

A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13.


Source: Reuters Business News

Russian court orders Baring Vostok's Calvey to be kept in custody until April 13

February 16, 2019 by  

A Moscow court has ordered Baring Vostok’s founder Michael Calvey to be kept in custody until April 13.


Source: Reuters Business News

Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber

February 16, 2019 by  

Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America’s fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.


Source: Reuters Business News

Famed Cullinan mine banks on big diamonds to drive down debt

February 16, 2019 by  

The owner of one of the world’s most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.


Source: Reuters Business News

HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filing

February 16, 2019 by  

Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission.


Source: Reuters Business News

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