Month: September 2019

Marathon Petroleum Corp said on Friday the company’s board supports Gary Heminger as the chief executive officer after a report that two shareholders were calling for his ouster.

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World share markets dipped on Friday, with concerns about U.S. political developments after a whistleblower complaint against President Donald Trump denting optimism about an easing of U.S.-China trade tensions.

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Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday, as they leverage their scale to better compete in developing new vehicle technologies.

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Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.

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Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday as they leverage their scale to better compete in developing new technologies.

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Toyota Motor Corp on Friday announced plans to raise its stake in Subaru Corp to more than 20% as Japan’s biggest automaker cements ties with its smaller rival to better compete with overseas automakers to develop new technologies.

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Oil prices fell on Friday as economic headwinds revived concerns of slowing global demand growth and a faster-than-expected recovery in Saudi crude oil output eased worries over potential major supply disruptions.

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Oil prices fell on Friday after fresh Chinese economic data revived concerns of slowing economic growth, and while a faster-than-expected recovery in Saudi crude oil output this week eased concerns of major supply disruptions.

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The head of Suntory Holdings, Takeshi Niinami, said he was not interested in replacing the CEO at Nissan Motor Co , which has been struggling with scandal and plunging profits, saying there was more work to do at the Japanese drinks maker.

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Key oil freight rates from the Middle East to Asia jumped nearly a fifth on Friday, with the global oil shipping market spooked by fresh United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.

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Germany’s BMW has no interest in settling an investigations by the European Union antitrust authorities against the company and other German carmakers, German magazine WirtschaftsWoche reported on Friday, citing company sources.

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Asian shares slipped to three-week lows on Friday as the release of a whistleblower complaint against U.S. President Donald Trump added to worries about the global economy, already reeling from the China-U.S. trade war.

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Huawei Technologies Co Ltd [HWT.UL] said it has started making 5G base stations without U.S. components and that total production of 5G base stations should more than double next year as more countries introduce the technology.

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Asian shares slipped to three-week lows on Friday as the release of a whistleblower complaint against U.S. President Donald Trump added to uncertainties about the global economy, already reeling from the China-U.S. trade war.

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Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, a deal that would also see the smaller firm invest in Japan’s top automaker, two people with direct knowledge of the matter said on Friday.

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