Year: 2018

(Reuters) – Major miner Rio Tinto named Jacob Stausholm, formerly CFO of Danish shipping company A.P. Moller-Maersk, to replace outgoing financial boss Chris Lynch when he retires in September, the Anglo-Australian mining company said on Tuesday.

…read more […]

KUALA LUMPUR (Reuters) – The U.S. ambassador to Malaysia has told Kuala Lumpur that assets seized by the United States as part of its probe into the 1MDB fund will be monetized and returned to Malaysia, the Southeast Asian nation’s finance minister said.

…read more […]

ROME (Reuters) – An accord Telecom Italia signed with trade unions Monday night will achieve savings equivalent to 4,500 layoffs through so-called ‘solidarity’ measures, a source familiar with the matter said on Tuesday.

…read more […]

FRANKFURT (Reuters) – BMW said vehicle sales fell 2.1 percent in May, weighed down by China tariffs, the launch of a new model, and a 13.6 percent drop in German deliveries as cities like Hamburg started banning older diesel vehicles from key streets.

…read more […]

SINGAPORE (Reuters) – Oil prices rose alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North Korea’s Kim Jong Un had made “a lot of progress”, boosting hopes of a deal to end a nuclear standoff on the Korean peninsula.

…read more […]

SYDNEY (Reuters) – The dollar hovered near 3-week highs on Tuesday and Asian shares gained as U.S. President Donald Trump and North Korean leader Kim Jong Un signed a ‘comprehensive’ deal at a historic summit aimed at the denuclearization of the Korean peninsula.

…read more […]

SINGAPORE (Reuters) – Oil prices edged up alongside global markets on Tuesday as U.S. President Donald Trump said a summit in Singapore with North Korea’s Kim Jong Un had made “a lot of progress,” boosting hopes of a deal to end a nuclear standoff on the Korean peninsula.

…read more […]

SYDNEY (Reuters) – The dollar jumped to a 3-week top on Tuesday and Asian shares rose as U.S. President Donald Trump said a summit meeting with North Korea’s Kim Jong Un had made “a lot of progress,” boosting hopes of a landmark deal to end a nuclear standoff on the Korean peninsula.

…read more […]

SINGAPORE (Reuters) – Oil markets were stable on Tuesday amid cautious optimism over the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore.

…read more […]

HOUSTON (Reuters) – Exxon Mobil Corp is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management systems to lift profit, according to executive recruiters and people familiar with the business.

…read more […]

WASHINGTON (Reuters) – With the Federal Reserve virtually guaranteed to raise interest rates this week, investors are focused on how the U.S. central bank characterizes its monetary policy as borrowing costs return to more normal levels amid an ongoing economic expansion.

…read more […]

SYDNEY (Reuters) – The dollar jumped to a 3-week top on Tuesday while stock markets in Asia ticked higher as a landmark U.S.-North Korea summit in Singapore raised hopes the bitter foes might be able to strike a deal to end a nuclear stand-off on the Korean peninsula.

…read more […]

SINGAPORE (Reuters) – Oil markets were stable on Tuesday amid cautious optimism over the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore.

…read more […]