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Saturday, December 14, 2019

World Business

Oil hits US$60 a barrel for the 1st time in 3...

Futures climbed 1.4% in New York, reaching US$60 for the first time since Sept 17.

YouTube’s music app overtakes Spotify, local rivals in India

Demographic billionaire country has emerged as a battleground for online music services.

Norway’s Telenor picks Ericsson for 5G, abandoning China’s Huawei

Use of Huawei network components will be phased out over a 4-5 year period.

HK paid cops US$120 mil in overtime claims during protests

Total budget for wages, allowances and other operating costs in current fiscal year ballooned to US$2.6 bil.

Yuan makes giant gain, China shares rise after Trump signs trade...

Shanghai Composite Index closed up 1.8%, its biggest gain since August.

US lists its terms for trade deal, sources say, but China...

In the absence of a deal, new tit-for-tat tariffs on both sides take effect on Sunday.

Citigroup rewards HK staff extra leave for working through difficulty

Bank’s business on track to beat revenue targets in 4th quarter and the full year.

Beijing has built thousands of cheap apartments no one wants

Housing crisis is caused by strict government rule on developers' profit and poor-quality units.

Oil rises to 3-month high after Trump approves trade deal

Crude is poised to eke out a small gain this week due to positive sentiment around trade deal.

Thomas Cook set to be relaunched by its Chinese owner

Fosun Tourism Group plans to use 178-year-old British tour operator’s brand to target Europeans.

Boeing concedes 737 MAX won’t fly until 2020

CEO Dennis Muilenburg reaffirms safety is company’s top priority after 'productive meeting' with FAA.

China to buy $50 bil US farm products in return for...

White House yet to release statement, raising questions if terms have been agreed by both sides.

Saudis hail prince for ‘predicting future’ of Aramco

Analyst, however, warns a drop in company's share price risks shaking domestic support.

Apple avoids US$150-per-iPhone levy after US, China reach deal

An analyst says Donald Trump delivered an early Christmas present to Apple.

Saudi Aramco set to pay banks only US$64 mil for record...

If Aramco decides to pay out more money it will likely go to domestic banks who brought in bulk of orders.

US set funding deal for next year to avert partial government...

Current funding expires on Dec 20.

Trump signs off US-China trade deal to avert December tariffs

Deal includes promise that China will buy more US agricultural goods.

Pound jumps as exit poll shows Conservative majority in British vote

Win for Boris Johnson can provide some clarity for UK’s economy.

Trump says US very close to ‘big deal’ with China

News triggers stock market gains.

Germany tells US to back off over Russian pipeline

US lawmakers aim to halt €9.5 bil project, Nord Stream 2, by targeting key contractors.

Bangkok Bank buys Standard Chartered’s Indonesian stake for US$2.7 bil

Move marks the first major purchase of an overseas lender by a Thai bank.

China has ‘important concerns’ about Boeing 737 MAX design changes

Aviation regulator’s remarks break months of silence from the first country to ground model after crashes.

Oil market in limbo despite OPEC+ cuts

International Energy Agency warns of likely surplus in global supply in the first quarter of next year.

New Nissan boss vows ‘to show everything’ after Ghosn scandal

Makoto Uchida seeks to regain trust for once-mighty auto giant.