Guoxuan High-Tech Co Ltd is in talks with Volkswagen AG for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday.
Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve.
Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve. Oil prices jumped as oilfields in southwest Libya began shutting down after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national output to a fraction of its normal level. Early turnover in Asian shares was light with U.S. stock and bond markets closed for the Martin Luther King Jr. holiday. …read more […]
(Bloomberg) — Oil jumped as rising tension in the Middle East and North Africa halted output and exports from key OPEC producers Iraq and Libya.Futures in New York and London rose more than 1.5%. Iraq temporarily stopped output at an oil field on Sunday and supply from a second site is at risk as widespread unrest escalates in OPEC’s second-biggest producer. In Libya, National Oil Corp. declared force majeure after Commander Khalifa Haftar blocked exports at ports under his control.While political unrest has simmered in Libya as competing forces tussle for control of the country, the spotlight is back on …read more […]
More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday.
A subsidiary of Airbus , the world’s largest planemaker, is preparing to launch a financial product aimed at helping its airline customers hedge against risks to revenue, officials said.
Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday.
Big oil has been living beyond its means for years according to a new report from the Institute for Energy Economics and Financial Analysis, with a shortfall of over $200 billion …read more […]
Jan.19 — Katie Bays, co-founder of Washington-based consulting firm Sandhill Strategy LLC, discusses how the phase one trade deal will affect the U.S. energy industry. She speaks with Haidi Stroud-Watts and Shery Ahn on “Bloomberg Daybreak: Australia.” …read more […]
Jan.19 — Hong Kong’s government again pushed back on a key demand of protesters as a downtown rally turned violent, showing the unrest that began last June still has no end in sight. Stephen Engle reports on “Bloomberg Daybreak: Australia.” …read more […]
A review of the proposed acquisition Continue reading… …read more […]
(Bloomberg) — Stocks in Asia were set for a muted open to Monday trading following a strong start to the year that’s left global equities at record highs.There were no standout movements in currency markets in early Monday trading, ahead of the open for bonds and stocks. Futures on Asia Pacific markets ended last week mixed. The S&P 500 Index and the Nasdaq Composite Index both set record highs on Friday. U.S. equity and bond markets are shut for the Martin Luther King Jr. holiday.Indicators of economic health from China and the U.S. last week provided some solace for investors …read more […]
(Bloomberg) — Iraq temporarily stopped work on an oil field on Sunday and supply from a second production site is at risk as widespread unrest escalates in one of OPEC’s biggest producers.Protesters also shut down border crossings with Iran, according to local media.Security guards seeking permanent employment contracts have blocked access to the Al Ahdab field, prompting a halt in production, according to an official who couldn’t be identified. The Badra field is at risk of closure from Monday.Around 600 people have died and thousands of others have been wounded in clashes between security forces and protesters since Oct. 1. …read more […]
Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United States despite fears about the power of the country’s largest banking institutions.
Moynihan did not provide a time frame in his interview for doubling the bank’s consumer market share. With deposits growing above the industry rate, a low risk loan portfolio and a strong balance sheet with billions in excess liquidity, the pieces were in place for the bank to continue taking market share, he told the FT. …read more […]
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