Statoil to become Equinor, dropping ‘oil’ to attract young talent
OSLO (Reuters) – Shareholders in Norway’s largest company, Statoil , will approve on Tuesday the board’s proposal to drop “oil” from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels’ impact on climat…
Shipping’s financiers turning the tide on shipbreaking practices
LONDON (Reuters) – The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand.
Investors see big oil surge, but physical markets suggest caution
NEW YORK/LONDON/SINGAPORE (Reuters) – Oil futures prices have soared past three-year highs, OPEC’s deal has cut millions of barrels of inventory worldwide and investors are betting in record numbers that prices could rocket past $80 and even hit $90 a …
Soros foundations’ office to pull out of Hungary
BUDAPEST (Reuters) – George Soros’ Open Society Foundations will close their office in Budapest and move to the German capital of Berlin, the body said on Tuesday, leaving what it called an increasingly repressive political and legal environment.
Asia stocks pull back after soft China data; oil higher
TOKYO (Reuters) – Asian stocks pulled back on Tuesday, brushing off a firmer lead from Wall Street, as investors turned cautious after soft Chinese economic data and awaited fresh developments on U.S.-China trade talks and North Korea.
Turkey’s Erdogan says president needs to be effective in monetary policy: Bloomberg
ISTANBUL (Reuters) – Turkey’s Tayyip Erdogan said the winner of next month’s presidential election will have to show himself as effective in monetary policy and that the central bank should take note of what he says and act accordingly.
U.S., Japan to ‘move rapidly’ on trade deal: Hagerty
TOKYO (Reuters) – The United States and Japan will “move rapidly” to get a trade deal under a new framework aimed at intensifying bilateral trade consultations, U.S. ambassador William Hagerty said, keeping pressure on Tokyo to open up protected market…
Soft China April investment, retail sales suggest economy losing steam
BEIJING (Reuters) – China reported weaker-than-expected investment and retail sales in April and a drop in home sales, clouding its economic outlook even as policymakers try to navigate debt risks and defuse a heated trade row with the United States.
Toshiba says memory chip unit sale to boost annual profit by a third
TOKYO (Reuters) – Japan’s Toshiba Corp said it expects net income to jump 33 percent this financial year thanks to profits from the planned $18 billion sale of its memory chip unit.
Asia stocks pull back as investors eye new risks; oil higher
TOKYO (Reuters) – Asian stocks pulled back on Tuesday, brushing off a firmer Wall Street lead and pausing a recent rally, as investors remained cautious about key economic and political risks, while supply concerns kept crude oil prices near 3-1/2-year…
