Cnooc to Raise at Least $4.4 Billion in Shanghai Offer

One of China's biggest oil companies, Cnooc Ltd., plans to raise $4.41 billion from a Shanghai listing, after its shares were delisted from the New York Stock Exchange. 


 
Russia's Rusal Disagrees With Rio Tinto Alumina Refinery Step-In

United Co. Rusal said it disagreed with Rio Tinto taking full control of Queensland Alumina Ltd., one of Australia's largest alumina refineries in which the Russian company has a 20% stake, and that talks with its partner about management of the operation were continuing. 


 
Elon Musk Suggests Changes to Twitter, Takes Barbs at Company

The billionaire said Twitter Blue should lower its price, ban ads and accept dogecoin. 


 
Citigroup Claws Its Way Back Into Saudi Arabia

After falling into disfavor with its post 9/11 exit, the third-biggest U.S. bank again finds favor in the kingdom as one of the foreign lenders helping Crown Prince Mohammed bin Salman modernize its oil-heavy economy. 


 
China's Nio halts EV production as COVID lockdowns disrupt its supply chain

Nio Inc., the China-based electric-vehicle maker, over the weekend warned of delivery delays after suspending production due to COVID-19 restrictions that have disrupted its supply chain. 


 
Japan Power Stocks Rise Sharply After PM's Comments

Japanese power company stocks rose sharply after Prime Minister Fumio Kishida said the government plans to maximize the use of nuclear power to secure stable power supply. 


 
IGO Agrees to Sweeten Offer for Western Areas

Australian base metals producer IGO Ltd. has raised its offer for Western Areas following a surge in nickel prices that triggered a crisis in London's nickel market. 


 
Indonesian Tech Giant GoTo Rises in Trading Debut

Shares of Indonesian tech giant GoTo Group rose as much as 23% in their trading debut in Jakarta, the latest example of bullish sentiment in one of Asia's best-performing stock markets this year. 


 
BlueScope Steel to Buy Cornerstone Building's Coil Coatings Business

BlueScope Steel will buy Cornerstone Building Brands' Coil Coatings business for $500 million, as the Australian steelmaker continues to expand its U.S. footprint. 


 
Uber Doesn't Want to Be Expedia

The ride-hailing company isn't becoming the next Expedia. It just wants people to spend more time on its app-and maybe rack up a little more of your business as a result.


(END) Dow Jones Newswires

04-10-22 2315ET