Business & Finance News
In a rural part of Indonesia’s Java island, two orange-clad workers confer in Mandarin over plans to lay tracks on a stretch of a $6 billion high-speed rail project between the capital Jakarta and the textile hub of Bandung.
Exxon Mobil Corp said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to China’s Zhejiang Energy, as the U.S. oil and gas giant steps up marketing of the fuel in China, the world’s second-largest buyer.
Japan expects a limited impact from the U.S. decision not to renew waivers it had previously granted on Iran oil import sanctions, trade and industry minister Hiroshige Seko said on Tuesday.
Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market’s enthusiasm.
Japan expects a limited impact from a U.S. decision to force buyers of Iranian crude oil to stop purchases from next month, trade and industry minister Hiroshige Seko said on Tuesday.
Kraft Heinz Co’s incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015.
Tesla Inc revealed its self-driving plans during an investor day on Monday, with Chief Executive Elon Musk predicting the launch of an autonomous robotaxi service next year in some U.S. markets.
Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some U.S. markets next year, continuing a habit of bold pronouncements that have excited many investors while often missing deadlines.
Samsung Electronics Co Ltd said on Monday it would delay the retail launch of its Galaxy Fold smartphone for an unspecified period of time after reviewers discovered problems with the display, a hit to the reputation of the world’s largest handset maker.
Herman Cain, facing resistance from his own political party as U.S. President Donald Trump’s pick to fill a seat on the Federal Reserve Board, withdrew Monday from consideration for the post, citing what he said would be a decrease in influence and pay.
Senior executives at T-Mobile US Inc and Sprint Corp made the case to U.S. officials in Washington last week that they should approve a planned tie-up between the two wireless companies, arguing a combined firm would have incentives to “aggressively lower prices.”
Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some markets next year thanks to exponential improvements in technology.
Facebook Inc on Monday named the legal adviser to the U.S. State Department as its general counsel, as the social media giant faces growing regulatory hurdles and privacy concerns.
(This April 17 story corrects headline and first paragraph to say the certification is expected in the ‘third’ quarter, not the ‘second’)
The United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran’s oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch.
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