Ford, China's Zotye Auto plan JV to build electric vehicles


SHANGHAI Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world's top auto market.

Total deepens North Sea exposure with $7.5 billion Maersk Oil deal 21 Aug 2017

PARIS/COPENHAGEN Total is buying Maersk's oil and gas business in a $7.45 billion deal which the French major said would strengthen its operations in the North Sea and raise its output to 3 million barrels per day by 2019. | Video

Russia's Rosneft closes deal to buy 49 percent stake in India's Essar Oil 21 Aug 2017

MOSCOW Russia's largest oil producer Rosneft said on Monday it had successfully closed a deal to buy a 49 percent stake in Indian private refiner Essar Oil Limited (EOL).

China's Great Wall confirms interest in Fiat Chrysler 3:32am IST

SHANGHAI/WASHINGTON A direct overture by Chinese automaker Great Wall Motor Co Ltd to Italian-American automaker Fiat Chrysler Automobiles NV sent FCA shares up sharply on Monday, as investors cheered the potential sale of the storied Jeep brand. | Video

Sempra Energy to buy Oncor for $9.45 billion in blow to Berkshire 1:07am IST

Utility Sempra Energy said on Monday that it would buy Oncor for $9.45 billion in cash after majority owner Energy Future Holdings Corp abandoned a deal to sell the power transmission company to Warren Buffett's Berkshire Hathaway Inc . | Video

Australia's Seven Group to sell Chinese mining machinery business 5:27am IST

SYDNEY Australia's Seven Group Holdings said on Tuesday it would sell its Chinese mining machinery division WesTrac China to Chinese firm Lei Shing Hong Machinery for A$540 million ($428.33 million).

Hyundai Merchant Marine says in talks with BlackRock about potential investment 21 Aug 2017

SEOUL South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) is in talks with BlackRock Inc about a potential investment but details have yet to be discussed, a HMM spokesman said on Monday.

Exclusive: China's CEFC in early talks to buy Rosneft stake - sources 17 Aug 2017

HONG KONG/BEIJING CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft, three people with direct knowledge of the discussions said.

Germany's Lufthansa gets first say on Air Berlin asset sale-union 18 Aug 2017

BERLIN/FRANKFURT A first round of formal talks for the sale of insolvent German airline Air Berlin's assets will be held with its bigger local rival Lufthansa on Friday, ahead of other prospective bidders, a senior labour union official said.

Exclusive: Buyout firms readying sale of $1 billion Indonesia tower operator STP - sources 17 Aug 2017

SINGAPORE/JAKARTA Buyout firms Carlyle and Southern Capital Group are in talks to sell their majority stake in Solusi Tunas Pratama in a deal that could value the Indonesian telecoms tower operator at about $1 billion, three people familiar with the process said.