China retains anti-dumping tariffs on U.S. distillers grains ahead of Trump-Xi talks

China’s Ministry of Commerce said on Wednesday it will maintain anti-dumping and anti-subsidy tariffs on imports of U.S. distillers grains (DDGs), a by-product of ethanol production used in animal feed, after closing a review launched in April. Press Release Distribution Service

Asia stocks edge up cautiously as Fed jitters build, Europe seen lower

Most Asian stock markets rose on Tuesday but gains were capped by investor caution ahead of a U.S. Federal Reserve policy decision, while crude oil prices dipped as global growth worries overshadowed supply concerns. Press Release Distribution Service

Renault-Nissan alliance remains priority for French finance minister

Renault’s alliance with Japanese partner Nissan remains French Finance Minister Bruno Le Maire’s priority ahead of any further consolidation with the likes of Fiat-Chrysler, he said on Tuesday. Press Release Distribution Service

Huawei CEO expects sales at $100 billion in 2019, 2020

China’s Huawei Technologies Co Ltd expects sales this year and next year at around $100 billion, its chief executive Ren Zhengfei said on Monday. Press Release Distribution Service

Airbus to launch A321XLR with nearly 200 orders at Paris Airshow: sources

Airbus will launch a long-range version of its A321neo passenger jet at Paris Airshow and will announce close to 200 orders over the week, sources familiar with the matter said. Press Release Distribution Service

Target says registers back online, blames outage on technology issue

Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in the United States from paying for in-store purchases. Press Release Distribution Service

India to impose retaliatory tariffs on 28 U.S. goods from Sunday

India will impose higher retaliatory tariffs on 28 U.S. products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi. Press Release Distribution Service

Take Five: The Fed and the rest

With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became even more aggressive after Federal Reserve Chair Jerome Powell threw open the door to a cut, promising on June 4 the Fed would act “as appropriate”…

NATO faces big bill if it does not pick AWACS successor soon: officials

NATO faces significant costs if it does not act soon to choose a successor for its ageing fleet of 14 Boeing E-3A Airborne Warning & Control System (AWACS) surveillance aircraft, often called the alliance’s “eyes in the sky”, senior officials said. Press Release Distribution Service

Nissan considers giving Renault some seats on oversight committees: source

Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, a source said. Press Release Distribution Service

Explainer: Why proposed changes to Hong Kong’s extradition law are fuelling protests

Cracks have appeared in the support base for a proposed Hong Kong law to allow extraditions to China, with local media reporting the city’s government will suspend the bill after widespread anger and violent protests. Press Release Distribution Service

Volkswagen aims to raise 1.9 billion euros from truck unit IPO

Volkswagen said on Friday that it aims to raise up to 1.9 billion euros ($2.1 billion) by floating a stake of at least 10% in its Traton trucks unit later this month, its second attempt to bring the business to market. Press Release Distribution Service

WeWork considers $1.9 billion offer for 70% Indian affiliate stake: Bloomberg

Shared office space manager WeWork Cos is exploring a deal to take majority control of its affiliate WeWork India ahead of the New York-based company’s plans to go public, Bloomberg reported on Thursday, citing people familiar with the matter. Press Release Distribution Service

Exclusive – Business and pleasure: how Russian oil giant Rosneft uses its corporate jets

Jets used for corporate travel by Russian state-owned oil major Rosneft flew at least 13 times to Mallorca, Ibiza, Sardinia and the Maldives when CEO Igor Sechin or people from his social circle were in the same vacation spots. Press Release Distribution Service

Asia stocks sag ahead of China data, Gulf attacks support oil

Asian stocks sagged on Friday ahead of key Chinese data that could provide more clues on how heavily the U.S.-Sino trade war is weighing on the economy, while oil prices were supported by supply concerns after attacks on tankers in the Gulf of Oman. Press Release Distribution Service

Britain’s PwC fined $5.8 million over audit of Redcentric

Britain’s accounting watchdog said on Thursday it had fined PwC 4.55 million pounds ($5.8 million) for failing to challenge management at IT services company Redcentric where a 20 million pound hole was later found in the books. Press Release Distribution Service

Alibaba files for Hong Kong listing: Bloomberg

Alibaba Group Holding Ltd has filed confidentially for a Hong Kong initial public offering, Bloomberg reported on Thursday, citing people familiar with the matter. Press Release Distribution Service

KKR offers 63 euros per share to buy out Axel Springer minorities

Funds controlled by U.S. private equity investor KKR on Wednesday offered 63 euros a share to buy out minority shareholders in Axel Springer in a deal agreed with the German publisher’s main shareholders. Press Release Distribution Service

Reckitt names Pepsico executive Laxman Narasimhan CEO

British consumer goods giant Reckitt Benckiser on Wednesday named PepsiCo executive Laxman Narasimhan to succeed Rakesh Kapoor as chief executive officer. Press Release Distribution Service

Britain’s Saga links up with Goldman to tap over-50s savings

Saga, the British tourism and insurance firm for the over-50s, said on Tuesday it ways teaming up with Goldman Sachs on savings products, as part of a drive to revive its bottom line after a profit warning in April. Press Release Distribution Service

Foxconn announces leadership overhaul as chairman seeks Taiwan presidency

Apple supplier Foxconn on Tuesday announced a plan to overhaul its leadership structure in a move to allow more senior executives involved in the running of its daily operations. Press Release Distribution Service

Exclusive: FCA-Renault revival may hinge on Nissan stake cut – sources

Fiat Chrysler Automobiles NV and Renault SA are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker’s alliance partner Nissan Motor Co Ltd , according to several sources close to the companies. Press Release Distribution Service

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