Oil prices rose as high as $60.65 a barrel on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, but bearish oil demand forecasts soon pulled crude off session highs.
BP expects to hit its $10 billion disposal program by the end of 2019, almost one year ahead of schedule, which will however result in a $2-$3 billion charge in the third quarter.
The board of French carmaker Renault on Friday voted to oust Thierry Bollore as CEO, naming the firm’s financial director Clotilde Delbos to take over his job on an interim basis.
Trump said he would meet Friday with Vice Premier Liu He, head of the Chinese delegation. …read more […]
French carmaker Renault on Friday named Clotilde Delbos at interim chief executive after ending the tenure of Thierry Bollore following a boardroom vote.
World shares on Friday basked in optimism for a detente in the U.S.-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union.
Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.
(Bloomberg) — The first thing you notice is clearly the darkness.I was showering late Wednesday, shampoo in my eyes and American Horror Story playing on my phone so loud that my husband couldn’t hear my shouts for a light. I had just become one of the millions of people to have lost power in the biggest orchestrated blackout in California history, and here I was excited about the ocean breeze-scented candle I had bought a day earlier — because flashlights were sold out, and it was that or orange ginger.Other thoughts that ran through my mind: “It’s a good thing …read more […]
Hyundai Motor Co and affiliate Kia Motors Corp have earmarked a total of 900 billion won ($757.86 million) to settle U.S. class action litigation and address engine-related issues in the United States and South Korea.
(Bloomberg) — Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.European Council President Donald Tusk said he has received “promising signals” that a Brexit deal is possible, after the leaders of the U.K. and Ireland said they could see a pathway to a potential agreement.Michel Barnier and Steve Barclay, the senior European and British negotiators, are meeting in Brussels in an attempt to capitalize on the brighter mood. If officials enter the so-called “tunnel,” a process in which the two sides discuss drafts of legal text in secret, it will be the first time line-by-line …read more […]
A Chinese state newspaper said on Friday that a “partial” trade deal would benefit China and the United States, and Washington should take the offer on the table, reflecting Beijing’s aim of cooling the row before more U.S. tariffs kick in.
The board of French carmaker Renault on Friday voted in favor of ousting Thierry Bollore as CEO, said two sources familiar with the matter.
Burning trash dumped by a garbage truck caused a fire that by early Friday had destroyed dozens of homes in California’s Riverside County, fire officials said, as wildfires across the state led to power cuts for hundreds of thousands of people.
(Bloomberg) — Tencent Holdings Ltd. can’t get a break.The National Basketball Association, Activision Blizzard Inc. and now one of its most important portfolio companies, Fortnite proprietor Epic Games Inc., have all sparked political controversy at a time of increasingly assertive Chinese nationalism online.A tweet by an NBA executive expressing support for Hong Kong protesters drew the ire of Beijing, throwing into question the billions Tencent has invested in the U.S. sports league. Then Blizzard, partly owned by Tencent, banned a gamer for endorsing Hong Kong’s pro-democracy movement, triggering a boycott of the company’s games for its apparent kowtowing to China. …read more […]
By Saikat Chatterjee, Hideyuki Sano and Gertrude Chavez-Dreyfuss
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