Hadi Zablit named general secretary of Renault, Nissan alliance
Renault SA , Nissan Motor Co and Mitsubishi Motors on Wednesday said they had appointed Hadi Zablit as general secretary of their automaking alliance to accelerate business efficiencies across the companies.
Investors urge Big Oil to follow ‘poster child’ Repsol’s climate pledge
Investors cheered Spanish group Repsol’s pledge to slash net carbon emissions to zero by mid-century, saying they hope it will pile pressure on rival oil and gas companies to follow suit in the fight against climate change.
Oil gains before OPEC meetings, helped by decline in U.S. inventories
Oil gained on Wednesday ahead of meetings this week where OPEC and its allies are expected to extend production curbs to support the market, while industry data showing that U.S. crude stockpiles fell more than expected helped to lift prices.
Stocks jolted by Trump’s threat of longer, broader trade war
Asian shares extended losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement.
Saudi auto services firm raises $50 million to invest in Aramco IPO
Saudi Automotive Services Co said on Wednesday it is raising 190 million riyals ($50.67 million) in debt to invest in the initial public offering of state-owned oil giant Saudi Aramco.
Graphic: No Santa Rally? Trade fears threaten Wall Street’s end of decade
Wall Street’s poor start to December has some investors bracing for a choppy end-of-year as fears about the U.S.-China trade war resurface.
Qualcomm to appeal record South Korean anti-trust fine
Qualcomm said it would appeal a South Korean court decision on Wednesday to uphold a record $873 million fine against the U.S. chip giant for unfair business practices related to patent licensing and modem chip sales.
No Santa Rally? Trade fears threaten Wall Street’s end of decade
Wall Street’s poor start to December has some investors bracing for a choppy end-of-year as fears about the U.S.-China trade war resurface.
Jared Kushner, Trump’s son-in-law, takes bigger role in China trade talks
President Donald Trump’s son-in-law Jared Kushner has added another role to his long list of White House duties – U.S.-China trade negotiator – as Washington and Beijing try to reach an initial agreement to avoid new U.S. tariffs on Dec. 15.
South Korean court upholds record fine against U.S. chip giant Qualcomm
A South Korean court on Wednesday upheld a record $873 million fine against U.S. chip giant Qualcomm for unfair business practices related to patent licensing and modem chip sales, rejecting the company’s appeal against the penalty.
