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Business News

Cadbury owner Mondelez stockpiles products, prepares for hard Brexit: the Times

September 11, 2018 admin Comments Off on Cadbury owner Mondelez stockpiles products, prepares for hard Brexit: the Times

Mondelez International Inc , the owner of Cadbury brand, is stockpiling ingredients, chocolates and biscuits in case of a no-deal Brexit, the Times reported https://bit.ly/2MjCYjJ on Tuesday, citing president of Mondelez’s European division.

…read more […]

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Business News

Japanese firms dealing with Russia feel little impact from U.S. sanctions: Sumitomo

September 11, 2018 admin Comments Off on Japanese firms dealing with Russia feel little impact from U.S. sanctions: Sumitomo

Japanese firms dealing with Russia were experiencing little impact from U.S. sanctions on Moscow, but it was possible that they may also be sanctioned by the United States, the managing executive officer of Sumitomo Corporation said on Tuesday.

…read more […]

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Business News

Boeing ups forecast Chinese new plane purchases over 20 years by 6.2 percent

September 11, 2018 admin Comments Off on Boeing ups forecast Chinese new plane purchases over 20 years by 6.2 percent

Chinese airlines will buy 7,690 new planes worth $1.2 trillion over the next two decades to keep pace with booming consumer and business demand for air travel, Boeing Co said on Tuesday, raising a previous forecast.

…read more […]

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Business News

China will buy 7,690 new airplanes over next 20 years: Boeing

September 11, 2018 admin Comments Off on China will buy 7,690 new airplanes over next 20 years: Boeing

Chinese airlines are likely to buy 7,690 planes worth $1.2 trillion over the next 20 years, Boeing Co said on Tuesday.

…read more […]

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Asia shares can’t shake trade stress, pound up on Brexit talk

September 11, 2018 admin Comments Off on Asia shares can’t shake trade stress, pound up on Brexit talk

Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the spectre of a Sino-U.S. trade war haunted investors, while the pound perched near a five-week top on hints a Brexit deal might be nearer.

…read more […]

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Slim’s America Movil challenges Pemex contract awarded to Televisa group

September 11, 2018 admin Comments Off on Slim’s America Movil challenges Pemex contract awarded to Televisa group

Billionaire Carlos Slim’s America Movil and Mexico’s state oil firm have become embroiled in a public fight over a government contract after the telecommunications giant filed complaints and a legal challenge, saying it unfairly lost the bid.

…read more […]

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Japan’s Renesas to buy U.S. chipmaker IDT for $6.7 billion

September 11, 2018 admin Comments Off on Japan’s Renesas to buy U.S. chipmaker IDT for $6.7 billion

Japanese chipmaker Renesas Electronics Corp said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc for about $6.7 billion, aiming to boost its expertise in self-driving car technologies.

…read more […]

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Business News

Japan’s Renesas says it will buy U.S. chipmaker IDT for $6.7 billion

September 11, 2018 admin Comments Off on Japan’s Renesas says it will buy U.S. chipmaker IDT for $6.7 billion

Japanese chipmaker Renesas Electronics Corp said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc for about $6.7 billion, as it aims to compete with Nvidia and Intel Corp in self-driving car technologies.

…read more […]

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Business News

Asia shares relieved by trade lull, sterling up on Brexit deal hopes

September 11, 2018 admin Comments Off on Asia shares relieved by trade lull, sterling up on Brexit deal hopes

Asian shares were struggling to snap an eight-session losing streak on Tuesday as investors decided no news was good news on tariffs, while the pound touched a five-week top on hints a Brexit deal might be nearer.

…read more […]

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Business News

China’s steel heartland tests mills’ mettle with new smog-busting plan

September 11, 2018 admin Comments Off on China’s steel heartland tests mills’ mettle with new smog-busting plan

“Push the steel mills out of the city center and turn it into a modern, habitable place to live in,” reads a banner hung across the boarded-up offices of Guofeng Iron and Steel Co in the center of Tangshan, China’s top steelmaking city.

…read more […]

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Business News

Fuel shippers ask FERC to expedite hearing on Colonial Pipeline rates

September 11, 2018 admin Comments Off on Fuel shippers ask FERC to expedite hearing on Colonial Pipeline rates

Chevron Corp , Valero Energy Corp and Delta Air Lines Inc have urged U.S. regulators to expedite a hearing on the fee structure of the largest fuel pipeline in the United States that they allege is costing them millions of dollars.

…read more […]

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Business News

Boeing calling back retirees to fix 737 production snags

September 11, 2018 admin Comments Off on Boeing calling back retirees to fix 737 production snags

Boeing Co is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday.

…read more […]

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Oil steadies as U.S. inventory concerns curb gains

September 10, 2018 admin Comments Off on Oil steadies as U.S. inventory concerns curb gains

Oil prices were mixed on Monday, pulling back from an early rally after data suggested U.S. crude inventories might build, weighing on the market.

…read more […]

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Julie Chen, wife of departed CBS CEO, takes time off from ‘The Talk’

September 10, 2018 admin Comments Off on Julie Chen, wife of departed CBS CEO, takes time off from ‘The Talk’

TV host Julie Chen, the wife of former CBS Corp Chief Executive Leslie Moonves, said on Monday she was taking a few days off from daytime show “The Talk” to spend time with her family.

…read more […]

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Business News

U.S. approves possible $3.1 billion sale of E-2D Hawkeye aircraft to Japan

September 10, 2018 admin Comments Off on U.S. approves possible $3.1 billion sale of E-2D Hawkeye aircraft to Japan

The U.S. State Department has approved the possible sale to Japan of up to nine E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft for an estimated cost of $3.135 billion, the Pentagon said on Monday.

…read more […]

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