Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state quit OPEC, freeing Doha from potential legal risks in the United States.
Business Category Archive
Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally.
Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations.
Germany’s economy minister said he believed the Russian-backed Nord Stream 2 pipeline can go ahead while preserving Ukraine’s vital interests, but that Berlin is also in talks to diversify its energy supply with liquefied natural gas.
Berlin plans to cut to 10 percent the threshold at which it can launch national security probes of stake purchases by non-European companies in German firms, business newspaper Handelsblatt reported on Sunday.
Israel is struggling to recruit enough workers to its technology sector, a report showed on Sunday, creating a challenge for an industry seen as the country’s main potential driver of economic growth over the next decade.
Telecommunications operators Saudi Telecom Co <7010.SE> (STC), Etihad Etisalat <7020.SE> (Mobily) and Zain Saudi Arabia <7030.SE> said on Sunday that they had agreed with the government to a change in the calculation of their annual royalty fees.
U.S. stocks are down only slightly for 2018, but that masks a volatile year for investors.
Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world’s top travel markets that has been overshadowed by the U.S-China trade war.
Motiva Enterprises has preliminarily been chosen by the government of Curacao to operate the 335,000-barrel-per-day Isla refinery, replacing Venezuela’s state-run PDVSA, local media said on Saturday.
Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group’s ability to reach agreement despite intense internal political differences.
T-Mobile US Inc and Sprint Corp expect their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider curbing their use of equipment from China’s Huawei Technologies, people familiar with the matter told Reuters.
The liberal environmentalists who tried and failed to get voter-approved tighter restrictions on drilling setbacks in Colorado aren’t giving up.
On an overcast, snow-dusted December day, Tesla’s sprawling battery plant in rural Storey County sits like a squared-off iceberg dropped into the rugged, scrubby mountains of Nevada’s Virginia range 20 miles east of Reno’s city center, tech wizardry and outsized metrics bursting from every seam.
The database reviewed by The New York Times, a sample of information gathered in 2017 and held by one company, reveals people’s travels in startling detail, accurate to within a few yards and in some cases updated more than 14,000 times a day.
Katie Meyler’s gambit involved a Silicon Valley darling, payments to a social media marketer in Pakistan and a broken promise to a philanthropist with some very famous friends.
Financial technology startup Robinhood could face scrutiny by U.S. regulators over statements that its new checking and savings accounts are insured by an industry-backed protection fund.
U.S. Secretary of State Mike Pompeo on Friday said China should free two Canadian citizens who were detained this week after authorities in Canada arrested a senior Chinese technology executive on a U.S. extradition warrant.
China’s finance ministry said on Friday it will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019.
The California Public Utilities Commission has opened a proceeding to consider penalties against Pacific Gas and Electric Company, ordering immediate action against the utility for falsifying safety documents for natural gas pipelines, the regulator said in a statement on Friday.
Global debt hit a record $184 trillion last year, equivalent to more than $86,000 per person — more than double the average per-capita income.
Asian shares were on the defensive on Friday as investors kept a wary eye on economic tensions between Washington and Beijing while the euro was steady after the European Central Bank halted new bond purchases as expected.
CVS Health Corp
The U.S. Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property.
U.S. stock index futures dropped about 0.8 percent on Friday, after weak economic data from China and Europe exacerbated global growth fears and added to unease over the ongoing trade dispute between the United States and China.
Darlene Coker knew she was dying. She just wanted to know why.
Private equity firm Thoma Bravo LLC is in early talks to buy security software company McAfee from TPG Capital and Intel Corp for more than $4.2 billion, CNBC reported on Friday, citing people familiar with the matter.
As U.S. stocks have been rocked by trade tensions and monetary policy worries, shares of small-cap companies, by one measure, have now confirmed that they are in their first bear market in three years.
Shares of Johnson & Johnson fell over 6 percent on Friday, on track to post their biggest percentage drop in more than a decade, after Reuters reported that the pharma major knew that its baby powder was contaminated with cancer-causing asbestos.
Poste Italiane can weather competition from Amazon.com in its deliveries business, the chief executive of the former Italian postal services monopoly said on Friday.
Facebook Inc said on Friday it has discovered a bug that may have affected up to 6.8 million people who used Facebook login to grant permission to third-party apps to access photos.
German airline Air Berlin’s insolvency administrator is suing Abu Dhabi’s Etihad, its former owner, for damages of up 2 billion euros ($2.26 billion), a Berlin court said on Friday.
PG&E Corp said on Thursday it had requested California’s top utilities regulator for a 12 percent rate hike in 2020 to fund its community wildfire safety program, insurance liabilities, and core gas and electric operations.
Canada and the United States agreed on Friday that politics should be kept out of the process to extradite senior Huawei Technologies Co [HWT.UL] executive Meng Wanzhou, who is being held on a U.S. extradition warrant, Canadian Foreign Minister Chrystia Freeland said.
Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn’s use of an internal ‘CEO Reserve’ fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters.
A Colombian tribunal fined a consortium led by Brazilian construction firm Odebrecht [ODBES.UL] $250 million and banned it from government contracts for 10 years, saying the group used corrupt tactics to win infrastructure contracts.
Starbucks Corp said on Thursday it is partnering with UberEats to deliver food and coffee from nearly a quarter of its restaurants in the U.S. and will nearly double its outlets in China over the next four years.
Declining global economic growth rates will boost defensive stocks and could lead to opportunities in emerging market currencies and mortgage bonds in the year ahead, asset manager Pacific Investment Management Co (Pimco) said in its 2019 outlook on Thursday.
French luxury goods group Louis Vuitton Moet Hennessy has agreed to buy luxury hotel group Belmond in a deal valuing the company at $3.2 billion.
U.S. consumer spending appeared to gather momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy.
Nissan said on Friday that representatives of ousted chairman Carlos Ghosn had retrieved documents from a disputed corporate apartment in Rio de Janeiro which it had allowed them to enter following a Brazilian court ruling.
French President Emmanuel Macron said on Friday that Ford’s
Deutsche Telekom, Europe’s largest telecoms company, said late on Thursday it was reviewing its network vendor strategy in light of a debate on the security of Chinese network equipment that it was taking “very seriously”.
Around $150 millions’ worth of oil was stolen from Shell’s biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.
General Motors Co on Friday said it is beginning to send formal notices to U.S. government agencies of its plan to close auto plants and cut thousands of jobs as it shrinks passenger car production in North America.
London Stock Exchange Group Plc
Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues.
The French government is seeking candidates to replace Renault’s embattled boss Carlos Ghosn, sources told Reuters, as board members began to voice doubts about keeping him in office following his indictment in Japan for suspected misconduct.
U.S. drugmaker Merck and Co said on Friday it would buy privately held Antelliq Group, which makes digital identification products for animals, for about 2.1 billion euros ($2.37 billion).