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Home2018December

Month: December 2018

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Business News

Russia’s Putin, Novak discussed meeting with OPEC: Kremlin

December 7, 2018 admin Comments Off on Russia’s Putin, Novak discussed meeting with OPEC: Kremlin

Russian President Vladimir Putin and Energy Minister Alexander Novak held discussions prior to a meeting with the Organization of the Petroleum Exporting Countries in Vienna, a Kremlin spokesman said on Friday.

…read more […]

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Nissan to recall 150,000 more vehicles in Japan after improper inspections

December 7, 2018 admin Comments Off on Nissan to recall 150,000 more vehicles in Japan after improper inspections

Nissan Motor Co said on Friday it will recall 150,000 more vehicles in Japan due to improper final inspections before they were shipped from two Japanese manufacturing plants.

…read more […]

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Huawei CFO to appear in Canada court as Chinese media slam arrest

December 7, 2018 admin Comments Off on Huawei CFO to appear in Canada court as Chinese media slam arrest

A top executive of China’s Huawei Technologies Co Ltd who is under arrest in Canada is set to appear in a Vancouver court on Friday for a bail hearing as she awaits possible extradition to the United States.

…read more […]

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Once mighty Noble Group faces insolvency protection after re-listing ban

December 7, 2018 admin Comments Off on Once mighty Noble Group faces insolvency protection after re-listing ban

Noble Group said on Friday it will seek changes to its original debt restructuring plan, with the spotlight now moving toward what the once mighty commodity merchant has called the alternative: insolvency protection.

…read more […]

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Japan government to halt buying Huawei, ZTE equipment: sources

December 7, 2018 admin Comments Off on Japan government to halt buying Huawei, ZTE equipment: sources

Japan plans to ban government purchases of equipment from China’s Huawei Technologies Co Ltd and ZTE Corp to beef up its defenses against intelligence leaks and cyber attacks, sources told Reuters.

…read more […]

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China’s Iran oil imports to rebound in December as buyers use U.S. waivers

December 7, 2018 admin Comments Off on China’s Iran oil imports to rebound in December as buyers use U.S. waivers

China’s Iranian oil imports are set to rebound in December after two state-owned refiners in the world’s largest oil importer began using the nation’s waiver from U.S. sanctions on Iran, according to industry sources and data on Refinitiv Eikon.

…read more […]

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China expresses concern over reported Japan government ban on Huawei, ZTE

December 7, 2018 admin Comments Off on China expresses concern over reported Japan government ban on Huawei, ZTE

China’s Foreign Ministry said on Friday that it was seriously concerned over reports that Japan plans to ban government purchases of equipment from China’s Huawei Technologies Co Ltd and ZTE Corp.

…read more […]

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Oil sinks as OPEC mulls Iran supply cut exemption, tries to get Russia on board

December 7, 2018 admin Comments Off on Oil sinks as OPEC mulls Iran supply cut exemption, tries to get Russia on board

Oil prices fell on Friday as OPEC discussed a potential exemption from cutting output for Iran and as the producer club sought to get heavyweight supplier Russia on board.

…read more […]

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Oil slides as OPEC ties supply cut to Russia; Moscow said to only back limited move

December 7, 2018 admin Comments Off on Oil slides as OPEC ties supply cut to Russia; Moscow said to only back limited move

Oil prices fell on Friday, pulled down by OPEC’s move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by more than 150,000 barrels per day (bpd).

…read more […]

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Oil falls as OPEC ties supply cut to Russia; Moscow said to back limited reduction

December 7, 2018 admin Comments Off on Oil falls as OPEC ties supply cut to Russia; Moscow said to back limited reduction

Oil prices slid on Friday, pulled down by OPEC’s move to delay a final decision on output cuts as its awaits support from heavyweight supplier Russia, which is reported to not want to reduce its output by more than 150,000 barrels per day (bpd).

…read more […]

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Huawei CFO to appear in Canada court in U.S. extradition case

December 7, 2018 admin Comments Off on Huawei CFO to appear in Canada court in U.S. extradition case

A top executive of China’s Huawei Technologies Co Ltd who is under arrest in Canada is set to appear in a Vancouver court on Friday for a bail hearing as she awaits possible extradition to the United States.

…read more […]

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China’s Huawei appoints chairman as acting CFO after executive’s arrest

December 7, 2018 admin Comments Off on China’s Huawei appoints chairman as acting CFO after executive’s arrest

China’s Huawei Technologies has appointed Chairman Liang Hua as acting chief financial officer (CFO) following the arrest in Canada of its CFO, who faces extradition to the United States, staff briefed on an internal memo told Reuters.

…read more […]

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Exclusive: Amazon targets airports for checkout-free store expansion

December 7, 2018 admin Comments Off on Exclusive: Amazon targets airports for checkout-free store expansion

Amazon.com Inc is looking at bringing its futuristic checkout-free store format to airports in an effort to win business from hungry, time-pressed travelers, according to public records and a person familiar with the strategy.

…read more […]

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Factbox: Power plants with GE turbines shutting for repairs

December 7, 2018 admin Comments Off on Factbox: Power plants with GE turbines shutting for repairs

Utilities are shutting down at least 18 of General Electric Co’s newest gas turbines for repairs at power plants from Taiwan to France, according to more than a dozen interviews with plant operators and industry experts.

…read more […]

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Exclusive: GE’s push to fix power turbine problem goes global

December 7, 2018 admin Comments Off on Exclusive: GE’s push to fix power turbine problem goes global

Utilities are shutting down at least 18 of General Electric Co’s newest gas turbines for repairs at power plants from Taiwan to France, according to more than a dozen interviews with plant operators and industry experts.

…read more […]

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