Passenger Transportation

The poor road conditions and protests by indigenous groups have caused the shipment of Brazil's bumper soya bean crop to be delayed this week at the port of Miritituba, in the Amazon rainforest. This is where major grain traders such as Cargill and Bunge operate. The demand for soy, which is produced and exported by Brazil, the largest producer in the world, has risen dramatically. China is the world's No. 1 soybean consumer, as traders prepare for a potential trade war that could discourage Chinese imports. Miritituba loaded 15 million tons soy and corn onto barges last year, bound for...

Martin Midstream Partners said on Wednesday that proxy advisory firm Glass Lewis has advised the energy infrastructure firm's unitholders to vote for the business's proposed buyout deal with Martin Resource Management Corp. . The statement of the Glass Lewis report comes days after Martin Midstream had actually stated that another proxy advisory company Institutional Investor Provider (ISS) had also suggested a. favorable vote for the deal. However, 2 hedge funds Nut Tree Capital Management and. Caspian Capital, holding 13.6% of Martin Midstream, are. promoting a competing bid and urging investors to vote against. the deal. The two hedge funds have...

The following are the leading stories in the Financial Times. Reuters has actually not validated these stories and does not guarantee their accuracy. Headings - Addison Lee to be bought by Singapore-listed group in 269 mln pounds deal - UK ministers explore utilizing break stipulations in asylum real estate agreements - Arm cancels Qualcomm's chip design licence amidst legal dispute - UK competition regulator to probe investment barriers - Intesa Sanpaolo unveils plans to cut 9000 tasks Overview - Addison Lee, the UK-based private-hire taxi and carrier business, has actually accepted be purchased by Singapore-listed transportation conglomerate ComfortDelGro in an...

Hedge funds Nut Tree Capital Management and Caspian Capital are planning to oppose the takeover of Martin Midstream Partners by the company's largest shareholder, according to a joint statement from the funds. The hedge funds, that made a competing quote to buy Martin Midstream for $4.50 per system in July, have actually argued that Martin Resource Management Corporation's $157 million deal to buy Martin Midstream undervalues the fuels storage and transporter and raises concerns over disputes of interest. MRMC and Martin Midstream did not right away react to requests for remark. Earlier in October, MRMC accepted buy the common units...

Liu Yi is among China's 7 million ridehailing chauffeurs. A 36yearold Wuhan citizen, he started driving parttime this year when construction work slowed in the face of an across the country excess of unsold houses. Now he forecasts another crisis as he stands beside his car seeing neighbours order driverless taxis. Everybody will go starving, he said of Wuhan motorists competing versus robotaxis from Apollo Go, a subsidiary of innovation huge Baidu. Baidu and the Ministry of Industry and Info Technology declined comment. Ride-hailing and cab driver are among the first workers globally to face the threat of task loss...

Eneos Japan, the largest oil refiner in Japan, announced on Tuesday it would gradually stop production of lubricants, and certain petroleum products, at its Yokohama facility near Tokyo, by March 2028. However, they will look into moving lubricants to other facilities. In a press release, the company stated that the decision was made after a thorough review of the refining landscape and the marketing landscape. This included a structural decline in the domestic demand for petroleum and the intensifying competition in Asia. Eneos Holdings' Eneos unit said: "We have determined that it is urgent to restructure our production and supply...

Guangzhoubased Pony.ai Inc. is looking for to release its robotaxi services in Hong. Kong, signing up with Baidu in a race to supply services in. the city, as the self-governing driving firm looks to broaden its. operations internationally. Nasdaq-listed Pony.ai strategies to supply robotaxi travelling. services for airport personnel within Hong Kong International. Airport before broadening into other city locations in the city, the. company stated in a declaration late on Friday. It did not provide a. timespan for the launch. Chinese artificial intelligence giant Baidu is likewise considering. the launch of its driverless taxi service in the city after...

Japan's Nikkei share average touched its highest in more than one week on Monday, as financiers bought stocks anticipating the U.S. economy to stay strong. The Nikkei reached 39,053.64, hitting its greatest given that Nov. 15, before ending the early morning session 1.53% greater at 38,868.68. The more comprehensive Topix was up 1.02% to 2,747.14. Abroad factors are essential for Japanese stocks now as we have actually not seen much market moving catalysts within Japan, said Fumio Matsumoto, chief strategist at Okasan Securities. Wall Street closed greater on Friday, with all 3 major indexes posting weekly gains, as financiers basked...

Japan's national and Tokyo governments are seeking a 700 billion yen ($ 4.7 billion). assessment for Tokyo City as they prepare to list the subway. operator as early as Octoberend, 3 sources stated, in what. would be the nation's most significant IPO in approximately 6 years. The two federal governments, which own 100% of Tokyo Metro, plan to. set up a conference of brokerages within a week for an instruction on. the IPO and anticipate to receive approval for the listing from the. Tokyo Stock Exchange as soon as mid-September, the sources. said. With half the company to be offered,...

Japan's nationwide and Tokyo federal governments are seeking a 700 billion yen ($ 4.7 billion). valuation for Tokyo Metro as they prepare to note the subway. operator as early as Octoberend, three sources stated, in what. would be the country's biggest IPO in approximately six years. The two governments, which own 100% of Tokyo City, plan to. set up a meeting of brokerages within a week for a rundown on. the IPO and anticipate to receive approval for the listing from the. Tokyo Stock Exchange as soon as mid-September, the sources stated. With half the business to be sold, the...