Brent crude oil rises to $70 on output cuts, ignores North America rig gains
SINGAPORE (Reuters) – Brent crude oil prices rose to $70 a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America.
SoftBank considers IPO for Japan wireless unit, said to seek $18 billion
TOKYO (Reuters) – SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business – a move that could reportedly raise $18 billion and would accelerate the conglomerate’s transformation into one of the world’s biggest tech…
Ford plans $11 billion investment, 40 electrified vehicles by 2022
DETROIT (Reuters) – Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto…
Oil near three-year highs on output cuts despite rising North American rig count
SINGAPORE (Reuters) – Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.
Singapore central bank head hopes cryptocurrency tech will survive ‘crash’
SINGAPORE (Reuters) – The head of Singapore’s central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money.
After emissions scandal, VW on U.S. comeback trail with all-new Jetta
DETROIT (Reuters) – Volkswagen launched an all-new Jetta compact car, its biggest seller in America, at the Detroit Auto Show on Sunday as it looks to revive sales in the world’s second-largest auto market and move on from the emissions scandal that h…
Asia shares hit historic highs, dollar slips anew
SYDNEY (Reuters) – Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world.
SoftBank plans $18 billion IPO of mobile phone unit: Nikkei
TOKYO (Reuters) – SoftBank Group plans to list its mobile phone business and raise some US$18bn, the Nikkei newspaper has said, a spin-off that would complete the Japanese telecoms conglomerate’s transformation into a global technology investor.
VW to spend more than $3.3 billion through 2020 on U.S. model expansion
DETROIT (Reuters) – Volkswagen plans to spend more than $3.3 billion on development and production of new models in North America from 2018 to 2020 as the German group reboots operations in the world’s second-largest auto market.
Oil dips away from 2014 highs on rising U.S. rig count, but analysts say market supported
SINGAPORE (Reuters) – Oil prices dipped on Monday as rising drilling activity in the United States pointed to higher future output, although output cuts led by OPEC and Russia as well as healthy demand kept crude near December 2014 highs reached last w…
