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Court rules Hancock Prospecting must pay royalties to former partners 

MELBOURNE, April 15 (Reuters) - Hancock Prospecting, owned by Australia's richest person Gina Rinehart, and Rio Tinto must pay what could amount to hundreds of millions of dollars in royalties from iron ore mines to her father's former business partners, a court ruled on ...
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Kering shares slide after Gucci sales disappoint

MILAN/PARIS, April 15 (Reuters) - Kering shares plunged as much as 10% on Wednesday after first-quarter sales at its Italian flagship brand Gucci dropped more than expected, underlining the challenges in reviving the brand's appeal. Gucci sales fell 8%, the 11th straight quarterly decline, ...
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China’s vice commerce minister meets Ford executive, urges deeper market presence

BEIJING, April 15 (Reuters) - China's Vice Commerce Minister Li Chenggang met a senior Ford executive in Beijing this week, urging the U.S. automaker to deepen its presence in the Chinese market, according to a commerce ministry statement on Wednesday. "The Chinese and U.S. automotive ...
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Victory Giant’s $2.2 billion Hong Kong listing seen pricing at top on demand, sources say

By Yantoultra Ngui SINGAPORE, April 15 (Reuters) - China's Victory Giant is expected to price its Hong Kong share offering at the top of a range at HK$209.88 per share, raising HK$17.5 billion ($2.2 billion), after receiving strong demand from investors, according to two sources ...
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In apparent flub, Energy Secretary Wright says US heading ‘in the wrong direction’

WASHINGTON (AP) - Energy Secretary Chris Wright raised eyebrows Tuesday after saying the country "looks like we're going in the wrong direction" in remarks hailing a new natural gas pipeline project. Speaking at a groundbreaking for a project that will transport natural gas from Pennsylvania ...
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Anthropic draws offers from VCs to invest at up to $800 billion valuation, Business Insider reports

April 14 (Reuters) - Anthropic has received multiple offers from venture capital firms valuing the Claude maker at as much as $800 billion in recent weeks, more than double its current valuation, Business Insider reported on Tuesday, citing sources. Anthropic did not immediately respond to ...
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China Evergrande founder Hui Ka Yan pleads guilty to a set of charges including fraud and bribery

HONG KONG (AP) - The founder of the debt-ridden real estate developer China Evergrande pleaded guilty to a series of charges, including illegal absorption of public deposits, fraud and corporate bribery, according to a mainland Chinese court statement Tuesday. Hui Ka Yan, also known ...
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Australia Inc starts to feel Iran war fallout, raising stagflation risk

By Christine Chen SYDNEY, April 14 (Reuters) - Australia's corporates are starting to count the cost of the war in the Middle East, with profit warnings from two top companies and a crash in business sentiment pointing to pain from rising prices, raising the risk ...
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Under pressure: Tracking the pain in G7 government debt

By Yoruk Bahceli, Ben Welsh, Dhara Ranasinghe and Rocky Swift LONDON/NEW YORK/TOKYO, April 14 (Reuters) - The world's major economies have seen their debt levels surge in recent years, while ever-increasing spending demands - from ageing populations to climate change and defence - are adding ...
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War in Iran intensifies a time of uncertainty for makers of the ultimate in bling, luxury watches

GENEVA (AP) - The bling is back, but the war in the Persian Gulf has tarnished the outlook for the luxury watch industry - the ultimate in bling. Starting Tuesday, Geneva hosts the annual "Watches and Wonders" fair, a premiere gathering in an industry ...
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Analysis-Seeking shelter from war and stagflation? Take a look at China’s bond market

By Li Gu, Samuel Shen and Summer Zhen SHANGHAI/HONG KONG, April 14 (Reuters) - Investors are scooping up Chinese debt, which has stood tall in sliding bond markets globally, betting that China's low inflation and preparedness for an oil shock allow it to resist raising ...
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Citigroup upgrades US equities as tech strength and earnings outlook soothe Mideast war woes

April 14 (Reuters) - Citigroup has turned bullish on U.S. equities, joining a flurry of brokerages betting on resilient corporate earnings, attractive valuations following recent pullbacks, and the rising contribution of U.S. technology stocks to global earnings growth. The Wall Street ...
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