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Updated: 2 hours 11 min ago

Toyota snub dents Saudi Arabia's manufacturing drive

2 hours 59 min ago
Saudi Arabia began courting Toyota two years ago to build a large car plant as part of Crown Prince Mohammed bin Salman's grand plan to wean the kingdom off oil revenues and create jobs for young Saudis.
Categories: Financial Media

Asian shares climb, wager all on dovish Fed, trade hopes revive

3 hours 22 min ago
Asian shares hit five-week highs on Wednesday as investors hoped the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.
Categories: Financial Media

Most SoftBank Vision Fund investors want to join second fund: CEO Son

3 hours 26 min ago
Most investors in SoftBank Group Corp's $100 billion Vision Fund want to join the group's forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday, adding discussions would begin soon.
Categories: Financial Media

Oil gains amid Middle East tensions, U.S.-China trade deal hopes

3 hours 27 min ago
Oil prices extended gains on Wednesday after rising in the previous session on rekindled hopes for a U.S.-China trade deal and on the potential for conflict between the U.S. and Iran in the Middle East after tanker attacks there last week.
Categories: Financial Media

Trade tensions kick Asian business confidence to 10-year low: Thomson Reuters/INSEAD

3 hours 38 min ago
Confidence among Asian companies in the June quarter fell to its lowest since the 2008-09 financial crisis, as a U.S.-China trade war disrupts global supply chains and shows little sign of easing soon, a Thomson Reuters/INSEAD survey found.
Categories: Financial Media

China to maintain anti-dumping tariffs on U.S. distillers grains

3 hours 53 min ago
China's Ministry of Commerce on Wednesday said it will maintain anti-dumping and anti-subsidy tariffs on imports of U.S. distillers grains (DDGS), a cereal by-product of ethanol manufacturing, after completing a review launched in April.
Categories: Financial Media

Qantas adds 10 Airbus jets to order, will take 36 A321XLRs

3 hours 59 min ago
Australia's Qantas Airways Ltd said on Wednesday it would order 10 Airbus SE A321XLR jets, taking its total A320neo family order to 109 jets.
Categories: Financial Media

Nissan considers seats for Renault chairman, CEO in new committees: Nikkei

4 hours 53 min ago
Nissan Motor Co Ltd plans to give seats in its four proposed committees to alliance partner Renault SA's chief executive and chairman, Japan's Nikkei newspaper reported on Wednesday, citing sources.
Categories: Financial Media

Electric dreams in danger as funding dwindles for China's Tesla challengers

5 hours 35 min ago
Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups.
Categories: Financial Media

Canada approves contentious oil pipeline expansion, expects legal challenges

6 hours 4 min ago
Canada on Tuesday approved as expected a hotly contested proposal to expand the western Canadian crude oil pipeline it bought last year, providing hope for a depressed energy industry but angering environmental groups.
Categories: Financial Media

Korean Air to buy 20 Boeing 787s, lease 10 more

6 hours 8 min ago
Korean Air Lines Co Ltd said on Wednesday it will add 30 Boeing Co Dreamliner passenger jets to its fleet, including what it said would be the country's first use of the largest Dreamliner model, the 787-10.
Categories: Financial Media

Oil extends gains amid Middle East tensions, U.S.-China trade deal hopes

6 hours 27 min ago
Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a U.S.-China trade deal and on continued tensions in the Middle East after tanker attacks there last week.
Categories: Financial Media

Asian shares jump on Fed rate fever, trade war hope

6 hours 29 min ago
Asian share markets jumped on Wednesday as investors dared to hope the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day.
Categories: Financial Media

PG&E settles California fire claims with local governments for $1 billion

6 hours 55 min ago
PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday.
Categories: Financial Media

Blackstone chief donates $150 million to Oxford University

7 hours 59 min ago
The head of private equity firm Blackstone has pledged $150 million to Oxford University, the biggest single donation in its history, to fund a center for humanities that would also house an institute to study the ethics of artificial intelligence.
Categories: Financial Media

Adobe beats quarterly estimates on cloud strength; shares rise

Tue, 06/18/2019 - 23:47
Adobe Inc beat analysts' estimates for quarterly profit and revenue on Tuesday, driven by growth in its digital media business that houses its flagship product Creative Cloud, sending its shares up 4.6% after market.
Categories: Financial Media

Google invests $1 billion to ease housing shortage near California headquarters

Tue, 06/18/2019 - 23:14
Alphabet Inc's Google announced on Tuesday it would set aside $750 million in land and $250 million in financing to spur developers in the San Francisco Bay Area to build at least 20,000 homes and rehabilitate other housing over the next decade.
Categories: Financial Media

Facebook's cryptocurrency ambitions face privacy concerns, political backlash

Tue, 06/18/2019 - 23:01
Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.
Categories: Financial Media

U.S. lawmaker calls for Facebook to pause cryptocurrency project

Tue, 06/18/2019 - 23:01
A leading U.S. House lawmaker on Tuesday called on Facebook Inc to halt development on its new cryptocurrency and for company executives to testify before Congress, adding to global concerns about what the digital currency could mean for data privacy and security.
Categories: Financial Media

Nissan considers seats for top two Renault executives in new committees: Nikkei

Tue, 06/18/2019 - 22:54
Nissan Motor Co has plans to give multiple seats in its four proposed committees to alliance partner Renault SA's chief executive and chairman, Japan's Nikkei newspaper reported on Wednesday, citing sources.
Categories: Financial Media

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