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New Iran commission to oversee Total gas deal

New Iran commission to oversee Total gas deal
Written by Reuters on 2017-07-12


BEIRUT Iran is forming a government commission to oversee its deal with France’s Total to develop the South Pars gas field, the first major Western energy investment in the Islamic Republic since the lifting of sanctions last year.The commission will include representatives from the judiciary, the head of parliament’s energy commission and of its planning and budget commission, speaker Ali Larijani...(Read More)

Get on Twitter, @Lagarde tells policymakers

Get on Twitter, @Lagarde tells policymakers
Written by Reuters on 2017-07-11


DUBROVNIK, Croatia How do you explain the European Central Bank's capital key in 140 characters? Or the U.S. Federal Reserve's dot plot?Difficult. But International Monetary Fund chief Christine Lagarde wants the world's policymakers to try.At a conference in Croatia on Tuesday, Lagarde said convoluted fiscal and monetary policy proposals use terminology "hardly anybody understands" and often lose...(Read More)

Lawyer withdraws as attorney for Japanese mogul Okada in Wynn lawsuit

Lawyer withdraws as attorney for Japanese mogul Okada in Wynn lawsuit
Written by Reuters on 2017-07-11


LAS VEGAS A lawyer representing Japanese casino tycoon Kazuo Okada in a legal battle with Wynn Resorts Ltd on Monday withdrew his representation of Okada, the latest fallout from a conflict between Okada and Japan's Universal Entertainment Corp over the use of corporate funds.David Krakoff, a lawyer at Buckley Sandler who has been representing Okada, Universal and its subsidiary, asked permission...(Read More)

Honda confirms 11th U.S. death tied to ruptured Takata air bag inflator

Honda confirms 11th U.S. death tied to ruptured Takata air bag inflator
Written by Reuters on 2017-07-10


WASHINGTON Honda Motor Co (7267.T) said on Monday it had confirmed an 11th U.S. death involving one of its vehicles tied to a faulty Takata Corp (7312.T) air bag inflator.The Japanese automaker said the incident occurred in Florida in June 2016 when an individual was working on repairs on a 2001 Honda Accord and the air bag ruptured. At least 17 deaths and 180 injuries worldwide are now tied to the...(Read More)

German prosecutor investigating employees at VW

German prosecutor investigating employees at VW's Porsche
Written by Reuters on 2017-07-10


FRANKFURT The Stuttgart prosecutor's office said on Monday employees at German sports car maker Porsche AG and a U.S.-based subsidiary were being investigated for suspected fraud and false advertising related to diesel emissions.The probe is the latest twist in a sweeping investigation of automakers and their emissions after Volkswagen (VOWG_p.DE), which owns the Audi, VW and Porsche brands, admitted...(Read More)

Exclusive: J&F ends Brazil

Exclusive: J&F ends Brazil's Alpargatas sale talks over price, source says
Written by Reuters on 2017-07-10


SAO PAULO J&F Investimentos SA has ended talks to sell a controlling stake in Havaianas flip flop maker Alpargatas SA to the investment firms of Brazil's most prominent banking clans because of differences over price, a person with direct knowledge of the matter said on Sunday.According to the person, J&F shunned pressure from Cambuhy Investimentos Ltda and Itaúsa Investimentos SA to lower the asking...(Read More)

Euronext CEO sees growing momentum for new stock listings

Euronext CEO sees growing momentum for new stock listings
Written by Reuters on 2017-07-09


AIX-EN-PROVENCE Euronext's (ENX.PA) chief executive Stephane Boujnah sees a growing momentum for new stock listings in the second half of the year, following the French and Dutch elections, he said on Sunday.Euronext saw 15 companies making their debut on its four stock exchanges over the first half of the year, raising 2.7 billion euros ($3.1 billion). That was the same number as the first half...(Read More)

EDF not involved in French government stake sales: source

EDF not involved in French government stake sales: source
Written by Reuters on 2017-07-09


AIX-EN-PROVENCE, France French utility EDF would not be part of the French government's plan to sell 10 billion euros ($11.40 billion) worth of state assets to finance projects geared toward innovation, a source close to EDF's management said on Saturday.The French government owns 83.1 percent in the world's biggest operator of nuclear plants, which has an 18 billion pound ($23 billion) project to...(Read More)

China

China's FAW to recall 680,000 more Mazda cars over faulty Takata airbags
Written by Reuters on 2017-07-09


BEIJING China's FAW Car Co Ltd, a partner of Japan's Mazda Motor Corp (7261.T), will recall over 680,000 Mazda cars due to issues with air bags that were supplied by embattled Japanese auto parts supplier Takata Corp (7312.T).The recall includes Mazda 6 vehicles manufactured in China between September 2008 and January 2016, China's General Administration of Quality Supervision, Inspection and Quarantine...(Read More)





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