A year into OPEC’s production cuts, Asia’s oil markets have tightened
SINGAPORE (Reuters) – Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers used for storage and delivered to customers across the…
Stocks climb despite rise in U.S. inflation; dollar on defensive
TOKYO (Reuters) – Asian stocks rose on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, in a move that also saw the dollar pinned to two-week lows even as Treasury yields jumped in anticipation of more rapid U.S. interest…
Google’s app network quietly becomes huge growth engine
SAN FRANCISCO (Reuters) – Google makes ads show up in more smartphone apps than any other technology company. That is the core of a resurgent business for parent Alphabet Inc.
Airbus takes 1.3 billion euros charge on A400M military plane
PARIS (Reuters) – Airbus on Thursday took a 1.3 billion euros ($1.6 billion) writedown on its A400M military transport plane, lifting cumulative charges on Europe’s troubled defense project above 8 billion euros and clouding higher-than-expected underl…
China’s ZTE says is trusted partner after U.S. concern
BEIJING (Reuters) – Chinese telecoms equipment group ZTE Corp hit back on Thursday against concerns from U.S. lawmakers that it is a vehicle for Chinese espionage, saying it was a trusted partner of its U.S. customers, state news agency Xinhua reported…
Stocks take U.S. inflation spike in stride and rally; dollar on defensive
TOKYO (Reuters) – Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, in a move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of more rapid U.S. intere…
Amazon says to create 2,000 jobs in France in 2018
PARIS (Reuters) – U.S. online retail giant Amazon said on Thursday it will create 2,000 permanent contract positions this year in France, its largest market in Europe after Britain and Germany.
For Australian winemakers, Chinese relationships are bearing fruit
HUNTER VALLEY, Australia/SHANGHAI (Reuters) – Wang Zhe, a wealthy Chinese businessman from Guangzhou, liked his glass of decade-old Chardonnay at an Australian winery so much he wanted more.
Asian stocks rally despite U.S. inflation spike, dollar on defensive
TOKYO (Reuters) – Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, a counterintuitive move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of a quicke…
U.S. ITC details why it rejected CSeries duties, says Boeing not hurt
MONTREAL/WASHINGTON (Reuters) – An independent U.S. trade body on Wednesday said it rejected hefty U.S. duties on Bombardier’s CSeries jets partly because Boeing lost no sales or revenue when Delta Air Lines ordered the aircraft in 2016 from the Canadi…
