TOKYO (Reuters) – Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle. FILE PHOTO: Pump jacks operate at sunset in Midland, […]
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Subaru sets mid-2030s target to sell only electric vehicles
TOKYO (Reuters) – Japan’s Subaru Corp (7270.T) set a target on Monday to sell only electric vehicles worldwide by the first half of the 2030s, in a move toward its long-term goal of a carbon-free society. FILE PHOTO: A Subaru logo is displayed at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Soe […]
Read MoreChina calls on Canada to release Huawei executive Meng
FILE PHOTO: Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition hearing at B.C. Supreme Court in Vancouver, British Columbia, Canada January 17, 2020. REUTERS/Jennifer Gauthier BEIJING (Reuters) – China urged Canada on Monday to release detained Huawei Technologies executive Meng Wanzhou as soon […]
Read MoreClimate change pushes investors to take their temperature
LONDON (Reuters) – Move over revenue growth and dividend payouts: it’s time to take your portfolio’s temperature. FILE PHOTO: People are silhouetted against the setting sun at “El Mirador de la Alemana” (The viewpoint of the German), as the summer’s second heatwave hits Spain, in Malaga, southern Spain July 24, 2019. REUTERS/Jon Nazca Policymakers are […]
Read MoreAsia shares pause near high ground, oil jumps on Libya shutdown
SYDNEY (Reuters) – Asian shares held near a 20-month top on Monday even as investors took some money off the table following a strong run recently, while oil jumped to more than a one-week high after two large crude production bases in Libya began shutting down. Investors look at screens showing stock information at a […]
Read MoreSubaru sets mid-2030s target to sell only electric vehicles worldwide
FILE PHOTO: A Subaru logo is displayed at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Soe Zeya Tun TOKYO (Reuters) – Japan’s Subaru Corp (7270.T) set a target on Monday for all the vehicles it sells worldwide to be electric by the first half of the 2030s, in a move toward its […]
Read MoreSubaru plans to electrify all vehicles sold worldwide by first half of 2030s
FILE PHOTO: A Subaru logo is displayed at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Soe Zeya Tun TOKYO (Reuters) – Japan’s Subaru Corp (7270.T) on Monday said it plans to electrify all its vehicles sold globally by the first half of the 2030s as part of its long-term goal to achieve […]
Read MoreOil jumps to highest in more than a week after Libyan shutdowns
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford TOKYO (Reuters) – Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC […]
Read MoreSamsung appoints new mobile chief as Huawei chips away at market share
SEOUL (Reuters) – Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd. The logo of Samsung Electronics is seen at its office building in Seoul, South […]
Read MoreAsia shares camp on high ground, oil jumps on Libya shutdown
SYDNEY (Reuters) – 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. Investors look at screens showing stock information at a brokerage house in Shanghai, China January 16, 2020. REUTERS/Aly Song Oil prices jumped […]
Read MoreOil surges as Libyan pipeline shutdown cripples output
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford TOKYO (Reuters) – Oil prices jumped on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle. […]
Read MoreSamsung Electronics appoints new mobile chief
The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Samsung Electronics, the world’s top smartphone maker, said on Monday that it has named President Roh Tae-moon as its new mobile chief as part of a management shake-up. Roh, at 51, is […]
Read MoreGuoxuan says in talks with Volkswagen, hasn’t reached binding agreement
FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Guoxuan High-Tech Co Ltd (002074.SZ) is in talks with Volkswagen AG (VOWG_p.DE) for potential strategic cooperation in technology, product, and capital, the Chinese battery […]
Read MoreAsia shares camp on high ground, oil up on Libya shutdown
SYDNEY (Reuters) – 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. Investors look at screens showing stock information at a brokerage house in Shanghai, China January 16, 2020. REUTERS/Aly Song Oil prices jumped […]
Read MoreA thousand EU financial firms plan to open UK offices after Brexit
LONDON (Reuters) – 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. FILE PHOTO: A person walks through the Canary Wharf financial district of London, Britain, December 7, 2018. […]
Read MoreAirbus unit to offer product to help airlines with revenue volatility
LONDON (Reuters) – A subsidiary of Airbus (AIR.PA), 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. FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. […]
Read MoreIEA warns oil companies doing nothing on emissions is not an option
PARIS (Reuters) – 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. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken February 11, 2019. […]
Read MoreCEO says Bank of America aims to ‘double’ its U.S. consumer market share: FT
FILE PHOTO: Bank of America CEO Brian Moynihan attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann (Reuters) – Brian Moynihan, the chief executive officer of Bank of America Corp (BAC.N), has said the bank could double its consumer market share in the United States despite fears about […]
Read MoreJPMorgan to buy Paris building to bring euro teams from London
PARIS (Reuters) – U.S. bank JPMorgan Chase & Co (JPM.N) said it plans to buy a building in central Paris to house up to 450 staff in coming years, as it relocates some services from London after Britain’s exit from the European Union. FILE PHOTO: A J.P. Morgan logo is seen in New York City, […]
Read MoreMexican official eyes stronger ties with China after U.S. trade deal
FILE PHOTO: Mexican Deputy Foreign Minister for North America Jesus Seade gestures as he speaks during a meeting at the Presidential Palace, in Mexico City, Mexico December 10, 2019. REUTERS/Henry Romero/File Photo MEXICO CITY (Reuters) – Mexico should move to deepen its economic ties with China after U.S. congressional approval of a new North American […]
Read MoreTesla moves a step closer to opening first European factory with German property deal
FILE PHOTO: A demonstrators holds pro-Tesla poster during an action to support plans by U.S. electric vehicle pioneer Tesla to build its first European factory and design center in Gruenheide near Berlin, Germany January 18, 2020. REUTERS/Pawel Kopczynski BERLIN (Reuters) – U.S. electric car pioneer Tesla (TSLA.O) has agreed to buy a property on the […]
Read MoreEU industry chief dismisses fears strict security rules could delay 5G
PARIS/MUNICH (Reuters) – European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei. FILE PHOTO: A logo of the upcoming mobile standard 5G is pictured in Hanover, […]
Read MoreExclusive: EU industry chief to dismiss fears strict security rules could delay 5G
PARIS (Reuters) – European industrial policy chief Thierry Breton is set to dismiss claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei. FILE PHOTO: A logo of the upcoming mobile standard 5G is […]
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