Business News

Tesla's Musk mocks SEC as judge demands they justify fraud settlement

The case is SEC v Musk, U.S. District Court, Southern District of New York, No. 18-08865.

Oct 5, 2018

By Reuters

Rising US bond yields hit global markets, Asian stocks fragile

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent, while Japan's Nikkei dropped 0.5 percent and Australian benchmark was up just 0.1 percent.

Oct 5, 2018

By Reuters

Exxon Mobil eyes multi-billion dollar investment at Singapore refinery

Exxon's Singapore refinery is the company's largest, with a capacity of about 592,000 barrels a day.

Oct 4, 2018

By Reuters

U.S. judge says China's ZTE violated probation; extends monitor's term

U.S. District Judge Ed Kinkeade in Dallas extended until 2022 the term of a monitor he appointed to assess ZTE's compliance with U.S. export control laws.

Oct 4, 2018

By Reuters

Japan to order Suruga Bank to halt new property loans after scandal: sources

Suruga Bank's shares, however, surged as much as 16 percent on Wednesday as the measures were not as harsh as expected.

Oct 3, 2018

By Reuters

Amazon raises minimum wage to $15, urges rivals to follow

The increase pushes Amazon's lowest wage above that at Walmart Inc and Target Corp. It is almost $3 shy of the average for a non-management worker in warehousing in US.

Oct 3, 2018

By Reuters

Tesla worried by China tariffs even as deliveries surge

China raised tariffs on imports of U.S. autos to 40 percent amid a worsening trade war with the United States.

Oct 3, 2018

By Reuters

donald-trump-refers-to-kurdish-reporter-as-mr-kurd-during-press-conference

Trump welcomes Canada's entry into trade pact with U.S., Mexico

U.S. President Donald Trump on Monday praised Canada's entry into a reworked trade deal.

Oct 1, 2018

By Reuters

European, Asian factory growth sputters on weakening exports

Business surveys released on Sunday and Monday showed the pace of expansion slowing across European and Asian factories.

Oct 1, 2018

By Reuters

A general view of the port before the inauguration of the China-Pakistan Economic Corridor port in Gwadar, Pakistan

Pakistan to reconsider 'Silk Road' projects fearing Chinese debt trap

The voice of dissent against the Chinese projects has become stronger under the new government of populist Prime Minister Imran Khan, who himself has questioned the rising debt levels in the country.

Oct 1, 2018

By Ashish Shukla

Workers from ScanDrill Ltd clamp together pieces of pipe while drilling an oil well for Jagged Peak Energy Inc near Fort Stockton, Texas.

How the world's oil refiners plan to grapple with their fuel oil output after 2020

Currently, the global shipping fleet, which includes oil and chemical tankers as well as container ships, uses as much as 3.3 million barrels per day of HSFO with a maximum of 3.5 percent sulfur.

Sep 30, 2018

By Reuters

Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan, U.S. August 29, 2018. REUTERS/Rebecca Cook/File Photo

Canada, US make progress in bid to save NAFTA, no deal yet

Trump is threatening to impose auto tariffs on Canada unless it signs a text of an updated agreement by the end of Sunday.

Sep 30, 2018

By Reuters

U.S. trade judge declines to block iPhone imports

Thomas Pender, an administrative law judge at the ITC, said that "public interest factors" weighed against granting Qualcomm's request for a ban.

Sep 29, 2018

By Reuters

Facebook says big breach exposed 50 million accounts to full takeover

Chief Executive Mark Zuckerberg described the incident as "really serious" in a conference call with reporters.

Sep 29, 2018

By Reuters

Facebook

Tesla's Musk may settle SEC lawsuit but ready for fight: sources

The cost of insuring Tesla debt against default rose to its highest price ever on Thursday and the plummeting share price attracted new short sellers, who bet against the stock.

Sep 29, 2018

By Reuters

Elon musk

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