Business News
Wall St. to open sharply lower as virus fears shut down California (March 5)
(This March 5 story corrects Reuters instrument code for 10-year U.S. Treasury in paragraph 14 to “US10YT=RR”, from “US10YR=RR”)
Month: March 2020
Business News
Nissan pushes on with new vehicle plan at UK factory despite Brexit warning
Nissan is pushing on with plans to build its new Qashqai sports utility vehicle at its British factory despite warnings over Brexit, announcing on Friday a 52-million pound investment in a new press line at the site.
Business News
Oil dives more than 4% after Russia rejects steeper OPEC+ cut
Oil prices slid more than 4% on Friday to their lowest since July 2017 after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices.
Business News
Tesla wins approval to sell longer-range China-made Model 3 vehicles
Tesla Inc has secured Chinese government approval to sell longer-range China-made model 3 vehicles in China, the Ministry of Industry and Information Technology said on Friday.
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Tesla wins approval to sell longer-range China-made Model 3 vehicles
Tesla Inc has secured Chinese government approval to sell longer-range China-made model 3 vehicles in China, the Ministry of Industry and Information Technology said on Friday. The vehicles will have a driving range of more than 600 kilometers before they need to be recharged, the ministry said in a statement, while the current China-made Model 3 has a standard driving range of more than 400 kilometers. Tesla started delivering cars in December from its $2 billion factory in Shanghai. …read more […]
Business News
OPEC oil cut deal in trouble as Russia still not on board
Russia will not back an OPEC call for extra oil output cuts and will only agree to extending existing curbs, a Russian source said on Friday, threatening to derail a call by OPEC ministers for deeper reductions to cope with the coronavirus outbreak.
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Business News
Oil dives more than 3% after Russia rejects steeper OPEC+ cut
Oil prices slid more than 3% on Friday after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices in the face of a slump in oil demand because of the global coronavirus outbreak.
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Analysts are just starting to understand how coronavirus could hit corporate profits: Morning Brief
Top news and what to watch in the markets on Friday, March 6, 2020. …read more […]
Business News
Iran’s oil minister expects very difficult OPEC, non-OPEC meeting: Shana
Iran’s oil minister expects a “very difficult” meeting in Vienna on Friday between OPEC and oil exporting countries that are not part of the group, including Russia, the Iranian energy news service Shana cited him as saying.
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Business News
State Bank of India exploring range of rescue options for troubled Yes Bank: sources
State Bank of India , the country’s largest lender, is exploring a wide range of rescue options for struggling Yes Bank Ltd including a complete buyout of its private-sector rival, two sources familiar with the matter said.
Business News
Russian source says Moscow won’t back OPEC’s call for deeper oil cuts
A Russian high-level source told Reuters on Friday that Moscow would not back an OPEC call for extra reductions in oil output and would only agree to extending existing OPEC+ cuts.
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Sleeping Beauty: How suspect gold reached top brands
A trade worth billions of dollars, it was championed by the Swiss refinery, Metalor Technologies, as part of a program with Peru’s government to integrate gold prospectors into the economy. In early 2018, Metalor stopped taking the gold. Peruvian prosecutors had come to suspect Metalor’s main supplier was a front used by criminals to filter illegally produced gold into the world market. …read more […]
Business News
India’s Tata Motors warns of JLR profit hit due to coronavirus
Indian automaker Tata Motors has warned of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as sales in China have taken a hit because of the coronavirus outbreak.