End to Iran sanction waivers only bullish for oil prices in short term: Barclays
The U.S. push to reduce Iranian oil exports to zero will tighten crude markets significantly in the short term, but is unlikely to have a big effect on prices over a longer period, Barclays said in a note on Monday.
Fast track: Indonesia, Malaysia rail projects may give China more deals
In a rural part of Indonesia’s Java island, two orange-clad workers confer in Mandarin over plans to lay tracks on a stretch of a $6 billion high-speed rail project between the capital Jakarta and the textile hub of Bandung.
ExxonMobil agrees 20-year LNG deal with China’s Zhejiang Energy
Exxon Mobil Corp said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to China’s Zhejiang Energy, as the U.S. oil and gas giant steps up marketing of the fuel in China, the world’s second-largest buyer.
Japan expects limited impact from U.S. move to scrap Iran oil sanctions waivers
Japan expects a limited impact from the U.S. decision not to renew waivers it had previously granted on Iran oil import sanctions, trade and industry minister Hiroshige Seko said on Tuesday.
Asian shares steady after Easter weekend; oil hits 2019 highs
Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market’s enthusiasm.
Kraft Heinz’s new CEO looks beyond cost-cutting, big M&A
Kraft Heinz Co’s incoming chief executive, Miguel Patricio, is indicating a change in strategy for the packaged food company that could move it away from the aggressive cost-focused culture that has been in place since the company was created in 2015.
Tesla says robotaxis coming to U.S. roads next year, slams rivals’ use of Lidar
Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some U.S. markets next year, continuing a habit of bold pronouncements that have excited many investors while often missing deadlines.
Elon Musk on Tesla’s self-driving capabilities
Tesla Inc revealed its self-driving plans during an investor day on Monday, with Chief Executive Elon Musk predicting the launch of an autonomous robotaxi service next year in some U.S. markets.
Samsung delays Galaxy Fold phone launch over screen problems
Samsung Electronics Co Ltd said on Monday it would delay the retail launch of its Galaxy Fold smartphone for an unspecified period of time after reviewers discovered problems with the display, a hit to the reputation of the world’s largest handset make…
Cain withdraws from Fed consideration, citing lower pay, influence
Herman Cain, facing resistance from his own political party as U.S. President Donald Trump’s pick to fill a seat on the Federal Reserve Board, withdrew Monday from consideration for the post, citing what he said would be a decrease in influence and pay…
