Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.
Asian equity markets ticked down on Tuesday, tracking Wall Street losses as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect.
The rise in Huawei’s market share has displaced the other top five companies. Dongguan-based Vivo Communication Technology Co. Ltd, saw its market share slipped from 22.6% to 17.9% in the same time period. Guangdong OPPO Mobile Telecommunications Corp. Ltd, which continues to have the third-largest market share, slipped from 21.1% to 17.4%. …read more […]
U.S. lawmakers announced an agreement on Monday on a $738-billion bill setting policy for the Department of Defense, including new measures for competing with Russia and China, family leave for federal workers and the creation of President Donald Trump’s long-desired Space Force. It also calls for sanctions on Turkey over its purchase of a Russian missile defense system, and a tough response to North Korea’s efforts to develop nuclear weapons. …read more […]
U.S. automaker Ford Motor Co. said on Monday it expects its full year 2019 loss, before interest and taxes, from China to be nearly halved from the year ago.
Senior U.S. and Canadian officials were set to fly to Mexico City on Tuesday to work on the final changes to a languishing North American trade pact that could clear the way for a vote in the U.S. Congress before the end of the year.
At a two-day gathering for Honda’s suppliers in March, Chief Executive Takahiro Hachigo sounded the alarm.
(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need.The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp. and Hyundai Motor Co. couldn’t pull off during their early days: sell a car in the U.S.Pham Nhat Vuong, the Southeast Asian country’s richest man and now in charge of the new automaker, is so intent on exporting electric vehicles to the lucrative American market in 2021 that he’s plowing as much as $2 billion of his own fortune to reach that goal. His cash would account for half the …read more […]
Oil prices dropped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. Brent futures were down 11 cents, or 0.2%, at $64.14 per barrel by 0204 GMT while West Texas Intermediate oil futures were down 7 cents, or 0.1% to $58.95 a barrel. “The euphoria (on output cuts) was short lived, with an unexpected fall in exports from China highlighting the impact of the trade conflict,” said ANZ …read more […]
Oil prices dropped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.
White House adviser Jared Kushner said on Monday there was progress on reaching a trade deal with Mexico and Canada, but he would not confirm reports he planned to travel to Mexico for talks.
A deal to clinch a North American trade pact with Canada and Mexico was close but “not quite finished yet,” Nancy Pelosi, the speaker of the U.S. House of Representatives, said on Monday.
Oil prices rose last week on the news of a new OPEC+ deal, but not every stakeholder is optimistic about the new agreement… …read more […]
On Friday, the proxy advisory firm recommended that minority shareholders vote on Dec. 17 against a C$1.9 billion ($1.4 billion) plan to sell the Saks Fifth Avenue owner to a consortium led by executive chairman Richard Baker, on the grounds the committee could have pushed for a better deal. “ISS has factual errors in its report we would like corrected, because they are misleading shareholders,” David Leith, who chaired the special board committee, told Reuters in an interview. …read more […]
Johnson & Johnson Chief Executive Officer Alex Gorsky has declined to appear at a U.S. congressional hearing set for Tuesday on the safety of the company’s Baby Powder and other talc-based cosmetics.
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