Funding & Business
BP Plans to Keep Crude Unit at German Refinery Running for Now
BP Plc will for now keep running a crude-processing unit that it had planned to close at its Gelsenkirchen refinery — the bigger of its two plants in Germany — as the market contributes to the plant’s profitability.
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Fuji Media Holdings Inc. shares fell 4.2% after the broadcaster said it’s considering measures to stop one of Japan’s most prominent activist investors from gaining control of the firm.
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Australian Treasurer Jim Chalmers and the Reserve Bank’s interest-rate setting board have agreed that members will conduct at least one speech or public engagement a year, as well as publishing unattributed votes.
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Nissan Motor Co. is expected to sell some of its upcoming $4 billion foreign-currency bonds at a record-high coupon, piling more pressure on the struggling Japanese automaker as it seeks to turn around its business.
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