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Home2018October

Month: October 2018

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Business News

Brent oil rises back above $80 as Iran sanctions loom

October 22, 2018 admin Comments Off on Brent oil rises back above $80 as Iran sanctions loom

Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.

…read more […]

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Business News

Truck makers rev up for rollout of electric big rigs

October 22, 2018 admin Comments Off on Truck makers rev up for rollout of electric big rigs

Tesla Inc Chief Executive Elon Musk put electric heavy commercial trucks on the map in November 2017 when he unveiled the company’s futuristic, battery-powered Semi, booked hundreds of orders and said he would start delivering the vehicles by 2019.

…read more […]

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Business News

Factbox: Manufacturers’ plans for electric big rig trucks

October 22, 2018 admin Comments Off on Factbox: Manufacturers’ plans for electric big rig trucks

Since Tesla Inc announced late last year that it planned to come to market by 2019 with an all-electric Class 8 big rig truck called the Semi, other companies have unveiled their own plans to do the same. Here is a list of the planned vehicles:

…read more […]

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Business News

Oil rises on Iran sanctions, though U.S.-China trade war clouds outlook

October 22, 2018 admin Comments Off on Oil rises on Iran sanctions, though U.S.-China trade war clouds outlook

Oil prices rose on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.

…read more […]

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Business News

Asia shares rally as China surges on stimulus hopes

October 22, 2018 admin Comments Off on Asia shares rally as China surges on stimulus hopes

Asian share markets swung into the black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.

…read more […]

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KKR-backed Calsonic to buy Fiat Chrysler’s Magneti Marelli unit for $7.1 billion

October 22, 2018 admin Comments Off on KKR-backed Calsonic to buy Fiat Chrysler’s Magneti Marelli unit for $7.1 billion

Japanese car parts maker Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s high-tech parts-making unit Magneti Marelli unit for 6.2 billion euros ($7.1 billion), the companies said.

…read more […]

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Oil rises on looming Iran sanctions, but U.S.-China trade war caps gains

October 22, 2018 admin Comments Off on Oil rises on looming Iran sanctions, but U.S.-China trade war caps gains

Oil prices rose on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.

…read more […]

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Goldman Sachs changes Asia investment banking leadership: memo

October 22, 2018 admin Comments Off on Goldman Sachs changes Asia investment banking leadership: memo

Goldman Sachs Group Inc has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by Reuters, adding to leadership changes at the bank with CEO David Solomon taking over this month.

…read more […]

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Business News

New trade pact leaves most U.S. industry at mercy of Mexico’s courts

October 22, 2018 admin Comments Off on New trade pact leaves most U.S. industry at mercy of Mexico’s courts

The new North American trade agreement ends key legal protections for many U.S. businesses operating in Mexico, leaving their operations exposed to a risk they had avoided under the old trade deal: Mexico’s court system.

…read more […]

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Japan to tell Facebook to improve data protection: Kyodo

October 22, 2018 admin Comments Off on Japan to tell Facebook to improve data protection: Kyodo

The Japanese government is set to tell Facebook Inc to better protect its users’ personal data after a leak involving British firm Cambridge Analytica that affected 87 million users globally, Kyodo News reported on Monday.

…read more […]

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Oil edges up on looming Iran sanctions, but U.S.-China trade war caps gains

October 22, 2018 admin Comments Off on Oil edges up on looming Iran sanctions, but U.S.-China trade war caps gains

Oil prices edged up on Monday, as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.

…read more […]

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Business News

Exclusive: China Evergrande seeks $1.5 billion via HK tower financing – sources

October 22, 2018 admin Comments Off on Exclusive: China Evergrande seeks $1.5 billion via HK tower financing – sources

Highly leveraged property firm China Evergrande Group is in talks with financial institutions to raise about $1.5 billion this month by offering its Hong Kong office tower as collateral, two sources with direct knowledge of the matter said.

…read more […]

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Business News

Asia shares pare losses as China rallies on stimulus hope

October 22, 2018 admin Comments Off on Asia shares pare losses as China rallies on stimulus hope

Asian share markets pared early losses on Monday as Chinese stocks swung higher for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.

…read more […]

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Oil edges up as looming Iran sanctions expected to tighten market

October 22, 2018 admin Comments Off on Oil edges up as looming Iran sanctions expected to tighten market

Oil prices edged up on Monday, as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.

…read more […]

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Business News

Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

October 22, 2018 admin Comments Off on Oil holds steady as rising U.S. rig count offsets Iran sanctions worries

Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran’s crude exports, but held back by rising drilling activity in the United States.

…read more […]

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