By Laila Kearney NEW YORK (Reuters) – Oil prices were little changed on Monday as concern eased that fighting in the Middle East would disrupt supply and Chinese data suggested weak demand, while an increase in U.S. refining limited any selling. Brent futures for May delivery settled at $82.21 a barrel, gaining 13 cents. The …
Oil prices steady as Middle Eastern supply concerns ease Read More »
By Ariba Shahid KARACHI, Pakistan (Reuters) – Muhammad Aurangzeb, picked by Prime Minister Shehbaz Sharif to be Pakistan’s finance minister, is a vastly experienced private banker who is one of the most highly paid executives in the country, but has never held public office before. The chief executive officer and president of Pakistan’s largest bank, …
CEO of Pakistan’s largest bank picked to lead country out of economic crisis Read More »
By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Muhammad Aurangzeb, the CEO of Pakistan’s largest bank, was picked as finance minister in the country’s new cabinet that was sworn in on Monday, as Pakistan looks to strike a new IMF deal and stabilise the economy. A national election last month resulted in no party holding …
Aurangzeb, CEO of Pakistan’s largest bank, tapped as finance minister Read More »
(Reuters) -U.S. auto-safety regulators on Monday launched a preliminary probe into emergency braking issues in certain Honda vehicles following complaints of crashes and fires. The problem affects the 2019-2022 models of the Honda Insight, a hybrid electric car, and the Honda Passport SUV, and involves 250,712 vehicles, according to the U.S. National Highway Traffic Safety …
US opens probe into emergency braking issues in certain Honda vehicles Read More »
By Siyi Liu and Colleen Howe BEIJING (Reuters) – China Copper, one of the country’s leading producers of the metal, wants to acquire overseas mineral resources amid tight mined copper supply and rising demand, the company’s chairman told Reuters on Monday. A lack of rich copper resources at home has driven Chinese companies to hunt …
China Copper seeks to acquire overseas mines amid tight supply, chairman says Read More »
ROME (Reuters) -Singapore-based semiconductor firm Silicon Box will invest 3.2 billion euros ($3.50 billion) in a new plant in northern Italy under a government-backed deal, the Italian industry ministry said on Monday. The exact site for the plant has yet to be decided with several locations available and Rome will also need European Commission’s approval …
Silicon Box to invest $3.5 billion in new chip plant in Italy Read More »
HONG KONG/SHANGHAI/BEIJING (Reuters) -China has asked banks to enhance financing support for state-backed China Vanke and called on creditors to consider private debt maturity extension, in a rare intervention from central government to help an embattled property firm, two sources said. The State Council – China’s cabinet – is coordinating support effort for China Vanke, …
Exclusive-China asks large banks to support Vanke in rare intervention, sources say Read More »
TOKYO (Reuters) – The Bank of Japan (BOJ) made no purchases of Japan stock exchange-traded funds (ETF) on Monday, data from the central bank showed, despite Japanese stocks dropping below the central bank’s usual threshold for stepping in to buy stocks. The Topix index closed 2.2% lower at 2,666.83 on Monday, exceeding the 2% mark …
Bank of Japan makes no ETF purchases despite Topix slump Read More »
MANILA (Reuters) – U.S. companies are set to announce investments amounting to more than $1 billion dollars in the Philippines, United States Commerce Secretary Gina Raimondo said during an official visit to Manila on Monday. The investments would be in areas like solar energy, electric vehicles and digitisation, she said, adding that U.S. companies were …
US companies to announce investments of over $1 billion in the Philippines Read More »
By Florence Tan and Nidhi Verma SINGAPORE/NEW DELHI (Reuters) -Saudi Aramco plans to meet full contractual crude oil volumes to most Asian buyers in April, but will reduce supply of heavier oil to Chinese and Indian customers due to oilfield maintenance, five sources with knowledge of the matter said on Monday. The reduction comes after …
Most Aramco buyers get full April volumes but heavy crude supply trimmed, sources say Read More »
