Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns
Oil prices climbed on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover from the epidemic.
Rolls-Royce ‘open-minded’ on new Boeing mid-market jet study: executive
Rolls-Royce is “open-minded” on whether it will join Boeing in a fresh attempt at addressing the mid=size jet market after pulling out of an earlier effort over timing, a top company official said on Wednesday.
Samsung unveils compact foldable phone, 5G Galaxy S20 to fend off Apple, Huawei
Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company.
America Movil’s fourth-quarter net profit jumps, but revenue flat on stronger peso
America Movil , the Mexican telecommunications giant, on Tuesday reported a fourth-quarter net profit of 21.19 billion pesos ($1.12 billion), up 63% from the same period last year, helped by reduced costs and currency appreciation.
Boeing executive says tough to see air cargo growth this year due to virus
The air cargo market is unlikely to grow this year because of the challenges posed in the China market due to the coronavirus, a senior executive at Boeing Co said on Wednesday.
SoftBank stock surges to seven-month high after judge OKs Sprint-T-Mobile merger
SoftBank Group Corp stock surged to its highest price in over half a year in Tokyo on Wednesday, after a U.S. federal judge rejected an antitrust challenge to the proposed takeover of subsidiary Sprint Corp by T-Mobile US Inc .
America Movil posts 63% jump in fourth-quarter net profit
America Movil , the Mexican telecommunications giant, on Tuesday reported a fourth-quarter net profit of 21.19 billion pesos ($1.12 billion), up 63% from the same period last year.
FAA agrees it must boost safety oversight for Southwest Airlines
The U.S. Federal Aviation Administration says it should have done a better job of ensuring Southwest Airlines Co had certified completion of maintenance on 88 used Boeing 737 jets, as noted in a report by the U.S. Transportation Department’s Inspector…
Oil prices rise as new virus cases slow, easing Chinese demand concerns
Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world’s second-largest oil consumer.
Factbox: Big oil traders start investing in renewables
The world’s big oil trading firms are investing heavily in environmentally-friendly projects as they face increasing pressure from investors, governments, activists and financiers to find a sustainable business model.
