Asian oil demand to hit record, but industry can’t take eyes off Middle East
SINGAPORE (Reuters) – Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and noisily pushing for prices at $8…
Oil set for weekly gain on supply cuts, strong demand
LONDON (Reuters) – Oil prices were set for a second consecutive week of gains on Friday, buoyed by tightening supplies and continued support from OPEC and its allies on supply cuts.
Chips down: China aims to boost semiconductors as trade war looms
BEIJING (Reuters) – China has long pushed the development of top-end semiconductors as a key strategic objective.
Daimler recalls 24,763 Mercedes-Benz cars in Russia – Russian watchdog
MOSCOW (Reuters) – Russia’s standards agency said on Friday it had been informed about the voluntary recall by German carmaker Daimler of 24,763 Mercedes-Benz cars sold from 2014 to 2017.
Global stocks set for second week of gains, commodities ease
LONDON (Reuters) – World stocks dipped on Friday but were set for a second week of gains after a strong start to the global corporate earnings season, while a rally in commodity prices fizzled out.
U.S. Treasury weighs emergency powers to curb Chinese investments: official
WASHINGTON (Reuters) – The U.S. Treasury is considering ways to restrict sensitive Chinese investments in the United States by invoking an emergency powers law and bringing forward some security review reforms for corporate acquisitions, a senior Treas…
GM Korea and union in talks Friday afternoon, seek to ward off bankruptcy
SEOUL (Reuters) – General Motors’ South Korean unit and its labor union were in a fresh round of wage talks on Friday afternoon, keen to stave off a threat by the U.S. automaker to seek bankruptcy for the loss-making unit.
Russia gives green light to Bayer’s takeover of Monsanto: Ifax
MOSCOW (Reuters) – Russia’s anti-monopoly regulator FAS has approved Bayer’s takeover of Monsanto , Russian news agency Interfax reported on Friday, citing the regulator.
British regulators to fine Barclays CEO, monitor whistleblowing program
LONDON (Reuters) – British regulators have concluded efforts of Barclays chief executive Jes Staley to unmask a whistleblower at the bank represented a breach of individual conduct and proposed he pay an undisclosed fine, the bank said on Friday.
Exclusive: Lockheed Martin to propose stealthy hybrid of F-22 and F-35 for Japan – sources
TOKYO (Reuters) – U.S. defense contractor Lockheed Martin Corp plans to offer Japan a stealth fighter design based on its export-banned F-22 Raptor and advanced F-35 Lightning II aircraft, two sources said.
