Business News

Oil prices climb as U.S. set to end Iran sanction waivers

Oil prices climb as U.S. set to end Iran sanction waivers

Published 22/04/2019

SINGAPORE (Reuters) - Oil prices jumped on Monday as the United States looked set to announce that all buyers of Iranian oil must end their [more…]

Ex-Nissan chairman Ghosn applies for bail over latest indictment

Ex-Nissan chairman Ghosn applies for bail over latest indictment

Published 22/04/2019

TOKYO (Reuters) - Carlos Ghosn on Monday applied for bail following his latest indictment over aggravated breach of trust, as the former Nissan Motor Co [more…]

China’s economic powerhouse Guangdong posts steady first-quarter…

China’s economic powerhouse Guangdong posts steady first-quarter…

Published 22/04/2019

BEIJING (Reuters) - Guangdong, China’s top province by economic output, maintained a growth rate of 6.6 percent in the first quarter thanks to improving industrial [more…]

To survive trade battles, China manufacturers deploy every weapon…

To survive trade battles, China manufacturers deploy every weapon…

Published 22/04/2019

GUANGZHOU, China (Reuters) - Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers - giving discounts, [more…]

Tesla investigating video of parked Model S exploding in Shanghai

Tesla investigating video of parked Model S exploding in Shanghai

Published 22/04/2019

SHANGHAI (Reuters) - U.S. electric vehicle (EV) maker Tesla Inc on Monday said it has sent a team to investigate a video on Chinese social [more…]

Huawei first-quarter revenue grows 39 percent to $27 billion amid…

Huawei first-quarter revenue grows 39 percent to $27 billion amid…

Published 22/04/2019

HONG KONG (Reuters) - Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology [more…]

Ghosn’s lawyer expects fresh indictment to come later Monday

Ghosn’s lawyer expects fresh indictment to come later Monday

Published 22/04/2019

TOKYO (Reuters) - The lead lawyer for Carlos Ghosn said he expected a fresh indictment for the former Nissan Motor Co boss to come later [more…]

Japan’s MUFG to book $890 million charge as cashless competition…

Japan’s MUFG to book $890 million charge as cashless competition…

Published 22/04/2019

TOKYO (Reuters) - Japan’s MUFG will book a charge of about 100 billion yen ($893.34 million) in the year ended March after its credit card [more…]

Cuba orders further cuts to power generation: newspaper

Cuba orders further cuts to power generation: newspaper

Published 21/04/2019

HAVANA (Reuters) - The Cuban government has ordered its state-run power system to further reduce electricity generation in the latest sign that a cash crunch [more…]

Sudan central bank strengthens currency to 45 Sudanese pounds to…

Sudan central bank strengthens currency to 45 Sudanese pounds to…

Published 21/04/2019

CAIRO (Reuters) - Sudan’s central bank on Sunday strengthened the Sudanese pound to 45 pounds to the dollar from 47.5, state news agency SUNA reported. [more…]