Sunday 28 August 2016
 
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Volkswagen reaches deal to compensate US dealers

Volkswagen AG announced on Thursday that it has reached a deal in principle to compensate its 650 US dealers in connection with the German automaker's diesel emissions scandal. The automaker and a lawyer for VW brand dealers a

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Top five must-visit destinations this Eid-Al-Adha holiday

As the Eid Al Adha holiday slowly draws near, many families will be looking forward to planning a short holiday. Whether travellers are looking for a solo retreat, fancy holiday for two or a family-friendly getaway, global airline

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Deal or no deal? Oil markets focus on Algeria meeting

Opec and non-Opec countries are again flirting with the idea of a production freeze to accelerate oil-market rebalancing, according to recent statements by several oil ministers. "Rebalancing is already taking place," Sa

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Opec deal a tough task, as oil output freeze expectations rise

Opec will probably revive talks on freezing oil output levels when it meets non-Opec nations next month as top exporter Saudi Arabia appears to want higher prices, according to Opec sources, although Iran, Iraq and Russia present obstacles to

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Mondelez to mix Cadbury chocolate, biscuits with Burton's deal

Mondelez International is to buy the rights to sell Cadbury-branded biscuits from Britain's Burton's Biscuit Co in a bid to sell more and combine chocolate and biscuits in new products. Mondelez, with its global distributi

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Steinhoff reveals $3.8bn Mattress Firm deal

Steinhoff's $3.8 billion purchase of debt-laden Mattress Firm, the largest US specialty bedding vendor, will help cut its exposure to a weak home market and gain a big presence in the world's biggest retail market. The dea

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Oman Air inks sale, leaseback deal with DAE

As Oman Air continues its ambitious fleet and network expansion plan, the airline has signed a letter of intent (LOI) with Dubai Aerospace Enterprise (DAE) for the sale and leaseback of two new B737-800 aircraft. The first of the

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Vale seeks up to $10 billion with iron ore streaming deal

Brazil's Vale SA is considering raising as much as $10 billion from the sale of up to 3 per cent of future iron ore output to undisclosed Chinese companies, two sources with direct knowledge of the matter said. Under terms of

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Linde signs Iran petrochemical plant deal

Iran-based Kian Petrochemical Company has signed a front end engineering design (Feed) deal with Germany's Linde Group for the construction of an olefin, butadiene, hydrodealkylation and benzene unit. The deal was signed recen

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Linde signs Iran petrochemical plant deal

Iran-based Kian Petrochemical Company has signed a front end engineering design (Feed) deal with Germany's Linde Group for the construction of an olefin, butadiene, hydrodealkylation and benzene unit. The deal was signed recen

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