Oil prices steady as Sino-U.S. trade tensions ease
Oil prices steadied on Thursday, under pressure from high inventories but buoyed by a drawdown in U.S. crude stockpiles and indications that the trade war between the United States and China may be easing.
Apple to build new $1 billion campus in Texas
Apple Inc said on Thursday it would invest $1 billion to build a second campus in North Austin, Texas and another $10 billion for new data centers over the next five years, as it aims to create 20,000 jobs in the United States.
ECB to stop its printing presses even as concerns grow
The European Central Bank is all but certain to formally end its lavish bond purchase scheme on Thursday but will take an increasingly dim view on growth, raising the odds that its next step in removing stimulus will be delayed.
What comes after the ECB’s money presses stop?
The European Central Bank will formally end its 2.6 trillion euro money-printing scheme — known as quantitative easing, or QE — on Thursday but stimulus will continue for years and the central bank may even look at further measures of support.
OPEC exit frees Qatar from U.S. legal concerns
Even before taking over Qatar’s energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Saad al-Kaabi had long wanted the Gulf state to leave OPEC.
Asian shares rally on U.S.-China trade thaw
Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy.
Autostrade could challenge government decree over Genoa bridge: source
Autostrade per l’Italia will decide on Thursday whether to appeal against a government decree that excludes the operator of the collapsed Genoa bridge from works to rebuild it, a source familiar with the matter said.
Japan’s SoftBank to shun Huawei in favor of Ericsson, Nokia equipment: Nikkei
SoftBank Group Corp plans to replace 4G network equipment from China’s Huawei Technologies Co Ltd with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.
Vitol, rival oil traders in spotlight of Brazil bribery probe
Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed.
Factbox: The trading firms under investigation in Brazil graft probe
Last week, Brazilian investigators accused four of the world’s largest oil-trading firms of participating in a corruption scheme focused on Brazil’s state-controlled oil company Petrobras.
