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Home2019April

Month: April 2019

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Business News

Carlos Ghosn on Twitter: Ready to ‘tell the truth’ about events

April 3, 2019 admin Comments Off on Carlos Ghosn on Twitter: Ready to ‘tell the truth’ about events

Ousted Nissan Motor Co boss Carlos Ghosn on Wednesday said on Twitter that he was getting ready to tell the truth about recent events and that he would hold a news conference on April 11.

…read more […]

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Ethiopian Airlines pilots followed Boeing’s emergency procedures before crash: WSJ

April 3, 2019 admin Comments Off on Ethiopian Airlines pilots followed Boeing’s emergency procedures before crash: WSJ

The pilots of an Ethiopian Airlines 737 MAX jet that crashed last month had initially followed Boeing Co’s emergency procedures but they still failed to regain control of the plane, the Wall Street Journal reported on Wednesday.

…read more […]

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Ethiopian Airlines pilots initially followed Boeing procedures before crash: WSJ

April 3, 2019 admin Comments Off on Ethiopian Airlines pilots initially followed Boeing procedures before crash: WSJ

The pilots of an Ethiopian Airlines 737 MAX jet that crashed last month had initially followed Boeing Co’s emergency procedures but they still failed to regain control of the plane, the Wall Street Journal reported on Wednesday.

…read more […]

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Business News

Asian shares scale seven-month highs; oil nears $70 on tight supply

April 3, 2019 admin Comments Off on Asian shares scale seven-month highs; oil nears $70 on tight supply

Asian shares rose to seven-month highs on Wednesday as investors lapped up signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark.

…read more […]

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Chinese tech giant Tencent plans $5 billion bond sale: sources

April 3, 2019 admin Comments Off on Chinese tech giant Tencent plans $5 billion bond sale: sources

China’s Tencent Holdings Ltd is returning to the market with a U.S. dollar bond that could raise about $5 billion, two people with direct knowledge of the matter said.

…read more […]

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Malaysia to sell 1MDB-linked superyacht for $126 million

April 3, 2019 admin Comments Off on Malaysia to sell 1MDB-linked superyacht for $126 million

Malaysia has agreed to sell a superyacht linked to a multi-billion dollar scandal at state fund 1MDB to casino operator Genting Malaysia Bhd for $126 million, the country’s attorney general said on Wednesday.

…read more […]

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Brent approaches $70 as oil prices rise for fourth day

April 3, 2019 admin Comments Off on Brent approaches $70 as oil prices rise for fourth day

Oil prices rose for a fourth day on Wednesday, with support from OPEC-led supply cuts and U.S. sanctions overshadowing an industry report showing an unexpected rise in U.S. inventories last week.

…read more […]

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Asian shares rise to new seven-month high, oil closes in on $70

April 3, 2019 admin Comments Off on Asian shares rise to new seven-month high, oil closes in on $70

Asian shares rose to fresh seven-month highs on Wednesday as global investors took heart from signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark.

…read more […]

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Tokyo prosecutors readying new case against Ghosn over Oman payments: report

April 3, 2019 admin Comments Off on Tokyo prosecutors readying new case against Ghosn over Oman payments: report

Tokyo prosecutors are preparing to build a fresh case against ousted Nissan Motor Co Ltd chairman Carlos Ghosn over suspect payments the automaker made to a business partner in Oman, Japan’s Yomiuri newspaper reported on Wednesday.

…read more […]

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Asian shares near seven-month highs, investors pause for breath

April 3, 2019 admin Comments Off on Asian shares near seven-month highs, investors pause for breath

Asian shares hovered near seven-month highs early on Wednesday as global investors paused for breath after the strong rally seen earlier this week, while oil approached the key $70 per barrel mark.

…read more […]

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Oil rises for fourth day, shrugs off inventory build

April 3, 2019 admin Comments Off on Oil rises for fourth day, shrugs off inventory build

Oil prices rose for a fourth day on Wednesday, holding firm despite an industry report showing that U.S. inventories rose unexpectedly last week, with supply cuts and sanctions supporting the market.

…read more […]

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Business News

Exclusive: Venezuela oil exports stable in March despite sanctions, blackouts

April 3, 2019 admin Comments Off on Exclusive: Venezuela oil exports stable in March despite sanctions, blackouts

Venezuela’s state-run energy company, PDVSA, kept oil exports near 1 million barrels per day in March despite U.S. sanctions and power outages that crippled its main export terminal, according to PDVSA documents and Refinitiv Eikon data.

…read more […]

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Netflix looms large as theater owners assess industry future

April 3, 2019 admin Comments Off on Netflix looms large as theater owners assess industry future

As movie theater owners converge on Las Vegas for their annual convention, one topic that keeps coming up is how they contend with a company that has resisted their traditional business model: Netflix Inc.

…read more […]

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U.S. judge orders PG&E to hold dividends to pay for efforts to reduce wildfire risks

April 3, 2019 admin Comments Off on U.S. judge orders PG&E to hold dividends to pay for efforts to reduce wildfire risks

A U.S. judge said on Tuesday that PG&E Corp may not resume paying dividends and must use the money to fund its plan for cutting down trees to reduce the risk of wildfires in California, stopping short of more costly measures he proposed earlier this year.

…read more […]

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Toyota to give royalty-free access to hybrid-vehicle patents: Nikkei

April 3, 2019 admin Comments Off on Toyota to give royalty-free access to hybrid-vehicle patents: Nikkei

Toyota Motor Corp plans to offer royalty-free access to its hybrid-vehicle technology patents as early as this year, the Nikkei Asian Review reported on Wednesday.

…read more […]

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