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India plans to cap commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, financial daily Economic Times (ET) reported on Thursday, citing people privy to the matter. The potential move could be another blow to San Francisco-based Uber after the ride-hailing firm was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years over a “pattern of failures” on safety and security. Ola too has announced its expansion into London, a market also occupied …read more […]

Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations and production hit a record. Brent crude futures were down 16 cents, or 0.3%, at $63.90 a barrel by 0141 GMT, having dropped 0.3% on Wednesday. U.S. West Texas Intermediate crude fell 21 cents, or 0.4%, to $57.90, after falling 0.5% in the previous session. …read more […]

Japanese shares dipped on Thursday after U.S. President Donald Trump signed into law congressional legislation backing protesters in Hong Kong, sparking fears of a fresh confrontation with Beijing that could derail their trade talks. “In the near term, people are watching how China will react to Trump’s move,” said Masahiro Ayukai, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities. …read more […]

Bougainville Vice President Raymond Masono says he will revive a plan to overhaul the region’s mining laws after the independence referendum, which could strip the former operator of the Panguna gold and copper project of its interests. Under the proposed mining law amendments, Bougainville would take a 60% share in all projects and retain all mining licences, leaving a 40% share investors can bid for, Masono told Reuters. Companies like the former Panguna operator, Bougainville Copper Ltd, which counts the PNG government as a major shareholder and claims the exploration rights at Panguna, would not get “special treatment”, …read more […]

If you’re interested in China Renewable Energy Investment Limited (HKG:987), then you might want to consider its beta… …read more […]

Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong could stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from unexpectedly positive U.S. economic data. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade, while Japan’s Nikkei flitted in and out of positive territory. Australia’s S&P/ASX 200 touched a record intraday high in early trade, and was up 0.3%. …read more […]

(Bloomberg) — PG&E Corp.’s latest attempt at escaping the California policy that saddled the power giant with billions of dollars in wildfire liabilities, pushed it into bankruptcy and led to the ousting of its chief executive officer has failed.U.S. Bankruptcy Judge Dennis Montali on Wednesday sided with wildfire victims, who said PG&E is subject to a legal doctrine known as inverse condemnation that holds utilities strictly liable for covering the costs of blazes linked to their equipment — regardless of whether they were negligent. PG&E had argued that it shouldn’t be subject to the rule because it’s owned by investors, …read more […]

Russia has once again failed to comply with its OPEC+ production target, a worrying sign for the oil cartel as it prepares to meet in December …read more […]