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Trans Mountain to start shipments by ’22

Bloomberg The oil pipeline that Canadian Prime Minister Justin Trudeau’s government approved is slated to start shipping crude as early as 2022 and cost more than C$7.4 billion ($5.6 billion) after legal delays hampered the construction process. The Trans Mountain expansion, which would carry 590,000 more barrels of crude from Alberta’s oil sands to a port in Vancouver, was delayed ...

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Japan played hidden role in breakdown of Fiat-Renault deal

Bloomberg The Japanese government played a role in the breakdown of merger talks between Renault SA and Fiat Chrysler Automobiles NV earlier this month, weighing in with concerns the combination could harm Nissan Motor Co, people familiar with the matter said. Japan signalled its misgivings over the deal to the French government, said the people, asking not to be identified ...

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Japan Supreme Court rejects appeal by ex-Lotte executive

Bloomberg Japan’s Supreme Court rejected an appeal by former Lotte Group executive Shin Dong-joo, who sought compensation for being ousted from posts in the retail-to-chemicals conglomerate, Yonhap News reported. Shin, the eldest son of founder Shin Kyuk-ho, had sought $5.8 million over what he called his unfair dismissal as a board member at units of the company between December 2014 ...

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