Brent approaches $70 as oil prices rise for fourth day
Oil prices rose for a fourth day on Wednesday, with support from OPEC-led supply cuts and U.S. sanctions overshadowing an industry report showing an unexpected rise in U.S. inventories last week.
Asian shares rise to new seven-month high, oil closes in on $70
Asian shares rose to fresh seven-month highs on Wednesday as global investors took heart from signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark.
Tokyo prosecutors readying new case against Ghosn over Oman payments: report
Tokyo prosecutors are preparing to build a fresh case against ousted Nissan Motor Co Ltd chairman Carlos Ghosn over suspect payments the automaker made to a business partner in Oman, Japan’s Yomiuri newspaper reported on Wednesday.
Oil rises for fourth day, shrugs off inventory build
Oil prices rose for a fourth day on Wednesday, holding firm despite an industry report showing that U.S. inventories rose unexpectedly last week, with supply cuts and sanctions supporting the market.
Exclusive: Venezuela oil exports stable in March despite sanctions, blackouts
Venezuela’s state-run energy company, PDVSA, kept oil exports near 1 million barrels per day in March despite U.S. sanctions and power outages that crippled its main export terminal, according to PDVSA documents and Refinitiv Eikon data.
Netflix looms large as theater owners assess industry future
As movie theater owners converge on Las Vegas for their annual convention, one topic that keeps coming up is how they contend with a company that has resisted their traditional business model: Netflix Inc.
U.S. judge orders PG&E to hold dividends to pay for efforts to reduce wildfire risks
A U.S. judge said on Tuesday that PG&E Corp cannot resume dividends and must use the money to reduce wildfire risk in California, stopping short of more costly measures he proposed earlier this year.
Toyota to give royalty-free access to hybrid-vehicle patents: Nikkei
Toyota Motor Corp plans to offer royalty-free access to its hybrid-vehicle technology patents as early as this year, the Nikkei Asian Review reported on Wednesday.
U.S. March and quarter one auto sales drop in weak start to 2019
Major automakers on Tuesday reported weak U.S. sales for March and the first quarter, citing a rough start to the year, but said a robust economy and strong labor market should encourage consumers to buy more vehicles as 2019 rolls on.
PG&E to name TVA’s Bill Johnson as CEO: source
PG&E Corp is expected to name Bill Johnson as chief executive of the bankrupt California energy company facing $30 billion in wildfire liabilities, as soon as Wednesday, a source familiar with the private negotiations said on Tuesday.
