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Home2019January

Month: January 2019

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Business News

Explainer: Key Issues, implications of U.S.-China trade talks

January 28, 2019 admin Comments Off on Explainer: Key Issues, implications of U.S.-China trade talks

U.S.-China trade talks will reach a pivotal phase this week when Chinese Vice Premier Liu He comes to Washington for negotiations with his U.S. counterparts, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin.

…read more […]

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Business News

Nissan says co-operating with SEC inquiry after report of probe on executive pay

January 28, 2019 admin Comments Off on Nissan says co-operating with SEC inquiry after report of probe on executive pay

Nissan Motor Co said on Monday that it was co-operating with an inquiry by the U.S. Securities and Exchange Commission (SEC) after a report said the regulator was investigating the Japanese automaker’s disclosures on executive pay.

…read more […]

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Business News

$1.5 trillion U.S. tax cut has no major impact on business capex plans: survey

January 28, 2019 admin Comments Off on $1.5 trillion U.S. tax cut has no major impact on business capex plans: survey

The Trump administration’s $1.5 trillion cut tax package appeared to have no major impact on businesses’ capital investment or hiring plans, according to a survey released a year after the biggest overhaul of the U.S. tax code in more than 30 years.

…read more […]

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Business News

China’s industrial profits shrink again in Dec. on weak prices, demand

January 28, 2019 admin Comments Off on China’s industrial profits shrink again in Dec. on weak prices, demand

Earnings at China’s industrial firms shrank for a second straight month in December, putting pressure on policymakers to support industries hurt by slowing prices and weak factory activity amid a protracted U.S.-Sino trade war.

…read more […]

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SEC probes Nissan over U.S. executive pay: Bloomberg

January 28, 2019 admin Comments Off on SEC probes Nissan over U.S. executive pay: Bloomberg

Nissan Motor Co is facing an investigation by the Securities and Exchange Commission (SEC) if the automaker accurately disclosed its executive pay in the United States, Bloomberg reported, citing sources.

…read more […]

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Saudi Aramco doubles down on South Korea with $1.6 billion bet on Hyundai Oilbank

January 28, 2019 admin Comments Off on Saudi Aramco doubles down on South Korea with $1.6 billion bet on Hyundai Oilbank

State-owned Saudi Aramco plans to invest up to $1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil.

…read more […]

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Business News

New dam disaster puts Vale CEO, deals and dividends under scrutiny

January 28, 2019 admin Comments Off on New dam disaster puts Vale CEO, deals and dividends under scrutiny

When Fabio Schvartsman took the reins of Vale SA in 2017, he suggested a motto for the world’s largest iron miner, turning the page on a tailings dam disaster that hit a small Brazilian town two years before: “Mariana, never again.”

…read more […]

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Asian stocks advance after U.S. government reopens for now

January 28, 2019 admin Comments Off on Asian stocks advance after U.S. government reopens for now

Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had taken a toll on investor sentiment.

…read more […]

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Business News

China’s Dec. industrial profits shrink again on weak demand, trade headwinds

January 28, 2019 admin Comments Off on China’s Dec. industrial profits shrink again on weak demand, trade headwinds

Earnings at China’s industrial firms shrank for a second straight month in December on slowing prices and sluggish factory activity, piling more pressure on an economy in the grips of its slowest growth in nearly three decades.

…read more […]

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Business News

Saudi Aramco to pay $1.6 billion for stake in South Korea’s Hyundai Oilbank

January 28, 2019 admin Comments Off on Saudi Aramco to pay $1.6 billion for stake in South Korea’s Hyundai Oilbank

State-owned Saudi Aramco plans to buy a stake of up to 19.9 percent of South Korean refiner Hyundai Oilbank from Hyundai Heavy Industries Holdings, for 1.8 trillion won ($1.61 billion), driving up shares of the parent 6.6 percent.

…read more […]

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U.S. lifts sanctions on Rusal, other firms linked to Russia’s Deripaska

January 28, 2019 admin Comments Off on U.S. lifts sanctions on Rusal, other firms linked to Russia’s Deripaska

U.S. President Donald Trump’s administration on Sunday lifted sanctions on aluminum giant Rusal and other Russian firms linked to oligarch Oleg Deripaska, defying a Democratic-led push in the U.S. Congress to maintain the restrictions.

…read more […]

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Asian stocks rise after U.S. government reopens for now

January 28, 2019 admin Comments Off on Asian stocks rise after U.S. government reopens for now

Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken investor sentiment.

…read more […]

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Business News

Rusal chairman resigns as part of deal to lift U.S. sanctions; shares jump 5 percent

January 28, 2019 admin Comments Off on Rusal chairman resigns as part of deal to lift U.S. sanctions; shares jump 5 percent

Aluminum giant Rusal said on Monday Jean-Pierre Thomas had resigned as chairman and director of the company as a pre-requisite for a decision by the United States to lift sanctions on the company.

…read more […]

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Qantas customers request exercise bikes, virtual reality for 20-hour flights

January 28, 2019 admin Comments Off on Qantas customers request exercise bikes, virtual reality for 20-hour flights

Australia’s Qantas Airways Ltd on Monday said customers were requesting in-flight innovations such as exercise bikes and virtual reality relaxation to pass the time on proposed 20-hour non-stop flights from Sydney to London.

…read more […]

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Business News

Stocks rise after U.S. government reopens for now

January 28, 2019 admin Comments Off on Stocks rise after U.S. government reopens for now

Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken investor sentiment.

…read more […]

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