Blockchain platform goes live for North Sea crude oil trading
Oil majors and trading firms can start finalizing crude oil deals on a live blockchain-based platform for the first time, in a move that could revolutionize the market.
Tokyo prosecutors plan to seek extension of Ghosn’s detention: Kyodo
Tokyo prosecutors plan to seek an extension of Carlos Ghosn’s detention, after the ousted chairman of Nissan Motor Co was arrested last week for alleged financial misconduct, Kyodo News reported on Thursday.
Unilever CEO Polman to retire, replaced by beauty head Jope
Anglo-Dutch consumer goods company Unilever said its CEO Paul Polman was retiring less than two months after a damaging row with shareholders, and would be replaced by the head of its beauty unit Alan Jope from January 1.
Indonesia’s Go-Jek starts trial launch in Singapore, challenges Grab
Indonesian ride-hailing firm Go-Jek kicked off a trial launch in parts of Singapore on Thursday and plans to roll out an array of services through its app in early 2019, challenging dominant player Grab in the small city-state.
Oil prices firm ahead of G20 meeting, but rising supply curbs gains
Oil prices edged up on Thursday on optimism that trade talks at the upcoming G20 meeting could help the global economy and improve demand, but gains were curbed after U.S. crude inventories hit their highest in a year.
Trump administration to study tools to raise U.S. tariffs on Chinese autos
U.S. Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S. tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S.-produced vehicles.
France’s Safran aims to topple U.S. rival as no.1 aerospace supplier
Safran unveiled ambitions to become the world’s leading aerospace supplier in 15 years, overtaking United Technologies , as it pledged a research and development (R&D) spending drive while increasing cash returns to shareholders.
Stocks rise, dollar sags on signs of more cautious Fed
Asian stocks rose on Thursday, tracking gains on Wall Street, after the chairman of the U.S. Federal Reserve suggested it may nearing an end to its three-year rate tightening cycle, boosting interest in riskier assets.
BMW mulls converting hybrids to electric only mode in polluted cities
BMW said it can force its hybrid cars switch to an electric-only mode in heavily polluted inner-city areas, helping its vehicles compete with pure battery-driven rivals as a raft of cities seek to create emissions-free zones.
Japan central banker mum on alleged involvement in Ghosn transaction
A Bank of Japan board member declined on Thursday to comment on a media report that she was involved in an alleged attempt by former Nissan chairman Carlos Ghosn to shift personal investment losses to the automaker during her time at a commercial bank….
