U.S. oil industry set to break record, upend global trade
HOUSTON (Reuters) – Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
Asian shares hit record high, euro near three-year top
TOKYO (Reuters) – Asian shares erased early modest losses and pushed to a fresh record high, while the euro remained within sight of a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.
Exclusive: U.S. lawmakers urge AT&T to cut commercial ties with Huawei – sources
WASHINGTON (Reuters) – U.S. lawmakers are urging AT&T Inc, the No. 2 wireless carrier, to cut commercial ties to Chinese phone maker Huawei Technologies Co Ltd and oppose plans by telecom operator China Mobile Ltd to enter the U.S. market because of national security concerns, two congressional aides said.
PBOC official says China’s centralized virtual currency trade needs to end: source
BEIJING (Reuters) – A senior Chinese central banker says authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services, an internal memo from a government meeting seen by Reuters sh…
Two Singapore Airbnb hosts to plead guilty to illegal letting charges: lawyer
SINGAPORE (Reuters) – Two Airbnb hosts charged in Singapore with unauthorized short-term letting of four apartments are expected to plead guilty next month, their lawyer said on Tuesday.
Asian shares shrug off losses, euro near three-year top
TOKYO (Reuters) – Asian shares pushed higher on Tuesday, erasing early modest losses while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.
Asian shares slip as iron ore softens, euro near three-year top
TOKYO (Reuters) – Asian shares slumped on Tuesday, as miners were pressured by weaker Chinese iron ore prices, while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.
Germany’s Continental hires JP Morgan for potential break-up: sources
FRANKFURT/LONDON (Reuters) – Germany’s Continental AG has hired JP Morgan to advise on a possible break-up, sources told Reuters, as the auto parts maker repositions for a market focused on electric and self-driving vehicles.
China consumer group seeks answers from Apple about slowing iPhones
SHANGHAI (Reuters) – A Chinese consumer group has asked Apple for information about the slowing of older iPhones after operating system updates, demanding a reply before Friday, state news agency Xinhua reported.
Global carmakers to invest at least $90 billion in electric vehicles
DETROIT (Reuters) – Ford Motor Co’s plan to double its electrified vehicle spending is part of an investment tsunami in batteries and electric cars by global automakers that now totals $90 billion and is still growing, a Reuters analysis shows.
