Business News
OPEC exit frees Qatar from U.S. legal concerns
Even before taking over Qatar’s energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Saad al-Kaabi had long wanted the Gulf state to leave OPEC.
Articles by Editor
Business News
Asian shares rally on U.S.-China trade thaw
Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy.
Business News
Autostrade could challenge government decree over Genoa bridge: source
Autostrade per l’Italia will decide on Thursday whether to appeal against a government decree that excludes the operator of the collapsed Genoa bridge from works to rebuild it, a source familiar with the matter said.
Business News
Japan’s SoftBank to shun Huawei in favor of Ericsson, Nokia equipment: Nikkei
SoftBank Group Corp plans to replace 4G network equipment from China’s Huawei Technologies Co Ltd with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.
Business News
Vitol, rival oil traders in spotlight of Brazil bribery probe
Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed.
Business News
Factbox: The trading firms under investigation in Brazil graft probe
Last week, Brazilian investigators accused four of the world’s largest oil-trading firms of participating in a corruption scheme focused on Brazil’s state-controlled oil company Petrobras.
Business News
Oil prices rise as Sino-U.S. trade tensions show signs of easing
Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude stockpiles and indications that China is taking concrete steps to put a trade war truce with Washington into action.
Business News
SoftBank to shun Huawei in favor of Ericsson, Nokia equipment: Nikkei
SoftBank Group Corp plans to replace 4G network equipment from China’s Huawei Technologies Co Ltd with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.
Business News
U.S. solar takes hit from Trump tariffs but is cheaper than ever: report
U.S. solar installations fell 15 percent in the third quarter as the Trump administration’s tariffs on overseas-made panels forced developers to put off large projects, according to a report commissioned by the industry’s primary trade group.
Business News
Asian shares surge as US-China trade thaw seen, sterling wobbles
Asian equity markets surged on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy.
Business News
Japan rules out asking private firms to avoid telecoms gear that could be malicious
Japan’s government has no plan to ask private companies to avoid buying telecommunications equipment that could have malicious functions, such as information leakage, its top spokesman, Yoshihide Suga, said on Thursday.
Business News
Oil prices climb amid signs of easing U.S.-China trade tensions
Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action.
Business News
Hyundai Motor Group to provide suppliers with $1.5 billion in funding
South Korea’s Hyundai Motor Co plans to provide funding worth 1.7 trillion won ($1.5 billion) to stabilize management of its suppliers, the company said in a statement on Thursday.
Business News
U.S. oil prices inch up amid stockpile drop, signs of easing trade tensions
U.S. oil prices edged up on Thursday, buoyed by a drawdown in inventories and by signs of easing trade tensions between Washington and Beijing.
Business News
Asian shares, sterling up on pause in Brexit, trade fears
Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets.