Exxon sees a world with less carbon but higher-cost emissions
HOUSTON (Reuters) – Exxon Mobil Corp on Monday said efficiencies and increased use of renewable fuels will cut by half the carbon intensity of the world’s economy by 2040 but climate policies will increase the cost of greenhouse gas emissions, accordin…
Airbus Helicopters CEO sees flat business in 2016
SURESNES, Hauts-de-Seine (Reuters) – Airbus Helicopters expects business to remain flat this year after falling orders in 2015 as problems in the oil and gas sector continue to weigh on demand, the head of the unit of Airbus Group , Guillaume Faury, sa…
Deutsche Bank to cut 2015 bonuses after record loss-sources
FRANKFURT (Reuters) – Deutsche Bank is sharply cutting 2015 bonuses as it expects a record loss for the year due to writedowns, litigation charges, restructuring costs and tough trading conditions, three people familiar with the matter said. While empl…
Facing weak market share, Ford to exit Japan, Indonesia this year
BEIJING/TOKYO (Reuters) – Ford Motor Co said on Monday it will close all operations in Japan and Indonesia this year as it sees “no reasonable path to profitability” in the two countries where it has struggled to gain market share.
Oil tumbles 3 percent but global stocks hold ground
LONDON (Reuters) – Oil prices tumbled 3 percent on Monday and dragged the dollar down, but world stocks clung onto gains in a sign of stabilization after a horrendous start to the year.
Once in high demand, North Dakota oil-by-rail shunned on East Coast
NEW YORK (Reuters) – In 2012, Plains All American bought a shuttered Virginia refinery for $300 million to use as a terminal and storage hub, betting that East Coast refiners would need to look beyond their own rail yards to satisfy their thirst for cu…
Alibaba revenue growth seen slowest on record; to intensify fight with JD.com
SHANGHAI/BEIJING (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd is expected to post its weakest quarterly revenue growth on record, Thomson Reuters data shows, a slowdown analysts say will heat up the battle with smaller rival JD.com In…
U.S. blizzard to cause multi-billion dollar losses: report
LONDON (Reuters) – Massive blizzards that paralyzed much of the U.S. East Coast in the past few days are likely to cause “multi-billion” dollar economic losses in one of the worst storms in the region in over a century, reinsurance broker Aon Benfield …
Insight: Market rout could blow Fed off course if consumers blink
WASHINGTON (Reuters) – Federal Reserve officials are playing it cool for now, but roughly $2.5 trillion of stock market value wiped out in the past three weeks and a possible consumer pullback could throw the Fed off its course of gradual interest rate…
OPEC sec-gen urges non-OPEC to help clear oil stocks overhang
LONDON (Reuters) – OPEC and non-OPEC oil producers need to work together to tackle a global stocks overhang so oil prices can recover and investments in new fields begin, OPEC Secretary-General Abdullah al-Badri said on Monday.
