News

Saudi to sign deals worth $50 billion in oil, gas and infrastructure

RIYADH (Reuters) – Saudi Arabia started signing deals worth more than $50 billion in sectors including oil, gas and infrastructure at an investment conference in Riyadh on Tuesday. Companies involved in the deals included Trafigura, Total (TOTF.PA), Hyundai (011760.KS), Norinco (000065.SZ), Schlumberger, Halliburton (HAL.N) and Baker Hughes (BHGE.N), state television said. The…

Continue reading

News

Italy relief, China stimulus hopes lift global stocks

LONDON (Reuters) – European shares gained on Monday amid relief over Italy’s budget, following rallies in Asia after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 18,…

Continue reading

News

Truck makers rev up for rollout of electric big rigs

DETROIT (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk put electric heavy commercial trucks on the map in November 2017 when he unveiled the company’s futuristic, battery-powered Semi, booked hundreds of orders and said he would start delivering the vehicles by 2019. FILE PHOTO: A Toyota Project Portal hydrogen fuel cell…

Continue reading

News

Japan tells Facebook to improve data protection

TOKYO (Reuters) – Japan’s government on Monday told U.S. technology firm Facebook Inc (FB.O) to better protect its users’ personal data following lapses this year affecting tens of millions of people globally. The logo of Facebook is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018.…

Continue reading

News

Bombardier sues Mitsubishi jet program over trade secrets

(Reuters) – Canadian airplane maker Bombardier Inc (BBDb.TO) has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd (7011.T), saying former Bombardier employees passed on trade secrets to help Mitsubishi’s oft-delayed regional jet project. FILE PHOTO: A Bombardier logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at…

Continue reading

News

Sony makes no concessions to EU regulators in EMI music bid

BRUSSELS (Reuters) – Sony Corp (6758.T) has not offered concessions to European Union antitrust regulators reviewing its $2.3 billion offer for control of EMI to become the world’s largest music publisher, the European Commission website showed on Monday. FILE PHOTO: Sony Corp’s new President and Chief Executive Officer Kenichiro Yoshida attends a…

Continue reading

News

Oil rises above $80, Saudi Arabia plans output increase

LONDON (Reuters) – Oil edged above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August…

Continue reading

News

AbbVie CFO Chase to retire by mid-year 2019

(Reuters) – AbbVie Inc (ABBV.N) said on Friday that William Chase stepped down as chief financial officer and will retire from the company in mid-2019, and the U.S. drugmaker promoted controller, Robert Michael, to the CFO role. FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor…

Continue reading