Australia’s Genex pumped hydro project funding falls through, shares tank
Australia’s Genex Power Ltd on Friday said it won’t be able to line up funding for its pumped hydro project until next year, after failing to sign a power sale agreement from the project.
South Africa’s Taste Holdings plans to exit food business, sells Starbucks
South Africa’s Taste Holdings said on Friday it had sold its Starbucks business for 7 million rand ($464,200) and was also considering selling others in its food business, including Domino’s Pizza, as part of a new plan to become a luxury retail group…
Nokia eyes Malaysian ports for 5G business as Huawei takes early lead
Nokia is targeting Malaysian ports in a bid to get a share of the country’s fifth-generation (5G) technology market, as the Southeast Asian country prepares to launch the ultra-fast mobile internet service next year.
General Motors strike looms over U.S. October job growth
U.S. job growth likely slowed sharply in October, weighed down by a strike at General Motors , while the unemployment rate is expected to tick up from near a 50-year low of 3.5%.
Oil prices edge up, but set for big weekly loss on rising output, trade woes
Oil prices edged up on Friday after a difficult week, but were still headed for losses of about 4%, hit by a combination of rising global supply and uncertain future demand.
Asian shares turn higher after positive China data
Asian shares reversed early losses on Friday as an unexpected bounce in Chinese manufacturing activity offset some negativity cast by a Bloomberg news report that raised doubts over whether the United States and China can reach a long-term trade deal.
Several automakers back Trump in two other California vehicle emissions suits
General Motors Co , Toyota Motor Corp , Fiat Chrysler Automobiles NV and other major automakers late Thursday sought to intervene on the side of the Trump administration in two additional legal challenges to its efforts to bar California from setting …
China to use import fair to highlight trade credentials
China will use a giant import fair in Shanghai next week to try to showcase its free trade credentials, temper criticism of its policies and deepen its global economic influence at a time of fresh uncertainty over the China-U.S. trade war.
Oil prices stabilize, but set for big weekly loss amid trade gloom, rising output
Oil prices steadied on Friday after a rough week, squeezed about 4% lower by a combination of rising global supply and uncertain future demand.
Canada denies sharing Huawei CFO Meng’s devices details with FBI: court documents
The Canadian attorney general has filed affidavits asserting that information identifying Huawei Chief Financial Officer Meng Wanzhou’s electronic devices was not shared with the United States Federal Bureau of Investigation (FBI) during her December 2…
