Exclusive: Sinopec, CNPC to skip Iran oil bookings for November as U.S. sanctions near
Sinopec Group and China National Petroleum Corp (CNPC), the country’s top state-owned refiners, have not made any nominations to load Iranian oil for November because of concerns they would be violating U.S. sanctions, two persons with direct knowledge…
Italian watchdog fines Apple, Samsung over software updates
Italy’s anti-trust watchdog said on Wednesday it was fining Apple Inc and Samsung Electronics Co Ltd 5 million euros ($5.7 million) each following complaints they used software updates to slow down their mobile phones.
Tesla hikes new Model 3 price by $1,000
Tesla Inc has increased the price for its new Model 3 sedan launched last week by $1,000 to $46,000, according to the company’s website.
Daimler and Geely form ride-hailing joint venture in China
Germany’s Daimler is setting up a ride-hailing joint venture in China with Geely Group [GEELY.UL], in a sign the Chinese firm is making progress in its drive for closer relations with the maker of Mercedes-Benz cars.
Global stocks eyeing sixth day in red, fret about growth and company profits
World stocks marked a sixth straight day losses on Wednesday as fears about global economic growth kept sentiment fragile, with Wall Street tipped for a weak open and oil prices languishing near two-month lows.
Daimler, Geely form mobility services joint venture in China
German carmaker Daimler on Wednesday said it will form a premium ride-hailing joint venture in China together with Geely Group, the first such step since Geely chairman Li Shufu took a 9.69 percent stake in the German carmaker.
Saudi Arabia will not penalize banks that boycotted conference: central bank chief
Saudi Arabia’s central bank governor said the kingdom will not penalize foreign banks that boycotted an investment conference in Riyadh because of the fallout from the killing of Saudi journalist Jamal Khashoggi.
Saudi Arabia reassures boycotting banks, prince to address forum
Saudi Arabia said on Wednesday it would not penalize foreign banks boycotting an investment forum in a message of reassurance for a gathering overshadowed by a global outcry over slain journalist Jamal Khashoggi.
Trump threats, demands spark ‘existential crisis’ at WTO
The World Trade Organization is scrambling to develop a plan for the biggest reform in its 23-year history after U.S. President Donald Trump brought the world’s top trade court to the brink of collapse by blocking appointments of its judges and threate…
Ford hires new China chief to tackle daunting turnaround task
Ford Motor Co has hired a new chief for its troubled China operations, ending a nine-month search after the previous head suddenly quit and tasking him with fixing a deep sales slump in the world’s biggest car market.
