Oil marks highest January opening price since 2014
SINGAPORE (Reuters) – Oil prices had their highest January opening since 2014 on Tuesday, supported by ongoing supply cuts led by OPEC and Russia as well as strong demand.
Dollar starts new year in doldrums, Asia stocks in good cheer
SYDNEY (Reuters) – The euro stood within striking distance of its 2017 peak on an ailing U.S. dollar on Tuesday, while Asian stocks began the new year close to their highest in a decade.
Hyundai Motor, Kia Motors flag modest sales growth in 2018
SEOUL (Reuters) – South Korea’s Hyundai Motor and affiliate Kia Motors set a 2018 total sales target of 7.55 million vehicles, a likely modest improvement on the previous year.
AT&T says all U.S. states will use its public safety network
NEW YORK (Reuters) – AT&T Inc said on Friday that all 50 U.S. states had decided to participate in the nationwide broadband network it is building for first responders as part of a $6.5 billion government contract.
Macau casinos post first annual revenue gain in 3 years
Gaming revenue in the Chinese territory of Macau rose for the first time in three years in 2017 as high-end punters’ appetite for gambling recovers after a protracted government campaign against shows of wealth among public officials and slowing econo…
As U.S. budget fight looms, Republicans flip their fiscal script
WASHINGTON (Reuters) – The head of a conservative Republican faction in the U.S. Congress, who voted this month for a huge expansion of the national debt to pay for tax cuts, called himself a “fiscal conservative” on Sunday and urged budget restraint i…
Japan’s Nippon Life eyeing M&A for foreign boutique bond and alternative funds
TOKYO (Reuters) – Japan’s Nippon Life Insurance Co [NPNLI.UL], which recently struck a deal to buy about a quarter of U.S. investment firm TCW Group, is scouting for opportunities to buy boutique managers of bonds and alternative assets, its president …
Mitsubishi says on track to deliver long-delayed jets by 2020
NAGOYA, Japan (Reuters) – Japan’s Mitsubishi Heavy Industries Ltd is on track to deliver its repeatedly delayed commercial jet by mid-2020, the head of its aircraft unit said, despite a risk of an order cancellation.
German lawmaker blasts EU for opposing Niki sale to Lufthansa
BERLIN (Reuters) – The German government will probably lose a 150 million-euro government-backed loan to insolvent Air Berlin because the European Union opposed Lufthansa’s purchase of Air Berlin’s Austrian unit, Niki, a senior member of Chancellor Ang…
Siemens to gauge interest of state funds in Healthineers IPO: CEO
FRANKFURT (Reuters) – Siemens will test the appetite of sovereign wealth funds ahead of the planned listing of its healthcare unit Healthineers next year, its chief executive told a German weekly, possibly to secure anchor investors for the flotation.
