Exclusive: Occidental emerges as heavy hitter in U.S. oil export boom

Posted on March 11, 2019 by Reuters: Business News

Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day.

Ethiopian Airlines grounds its Boeing 737 MAX 8 fleet

Posted on March 10, 2019 by Reuters: Business News

Ethiopian Airlines has grounded its Boeing Co 737 MAX 8 fleet until further notice, the airline said on its Twitter account on Monday, a day after a crash killed all 157 people on board one of its planes of the same type.

Boeing postpones 777X event after Ethiopian Airlines crash

Posted on March 10, 2019 by Reuters: Business News

Boeing Co said late Sunday it will postpone the planned ceremonial debut of its 777X widebody aircraft after Sunday's crash of an Ethiopian Airlines plane that left 157 dead.

Ex-Nissan boss Ghosn seeks to attend Tuesday board meeting: lawyer

Posted on March 10, 2019 by Reuters: Business News

Ousted Nissan boss Carlos Ghosn is seeking permission from a Tokyo court to attend the automaker's board meeting this week, his lawyer said on Monday, setting him up to face off against colleagues he has accused of orchestrating a boardroom coup.

Renault, Nissan, Mitsubishi chiefs to hold news conference Tuesday

Posted on March 10, 2019 by Reuters: Business News

The heads of Renault SA, Nissan Motor Co and Mitsubishi Motors Corp will hold a joint news conference at Nissan's headquarters in Yokohama on Tuesday, Nissan said.

India’s Jet Airways secures $293 million loan from PNB: Mint

Posted on March 10, 2019 by Reuters: Business News

Shares of Jet Airways Ltd rose as much as 4.8 percent to 255 rupees, the highest in over a month, after a report said the debt-laden carrier has secured a loan of 20.50 billion rupees ($293.07 million) from Punjab National Bank.

To lure young talent, banks mimic tech workspaces

Posted on March 10, 2019 by Reuters: Business News

Tattooed models in mustard robes replaced the usual gray-suited bankers at Nordea Bank's Copenhagen headquarters recently, as the Danish bank strutted out its latest attempt to woo young talent.

Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig count

Posted on March 10, 2019 by Reuters: Business News

Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.

China orders its airlines to suspend use of Boeing 737 MAX aircraft

Posted on March 10, 2019 by Reuters: Business News

China's aviation regulator said on Monday it had ordered Chinese airlines to suspend their Boeing Co 737 MAX aircraft operations by 6 p.m. (5.00 a.m. ET) following a deadly crash of one of the planes in Ethiopia.

Asian shares struggle after U.S. payrolls shock

Posted on March 10, 2019 by Reuters: Business News

Asian shares struggled for traction on Monday after U.S. employment data raised doubts about the strength of the global economy, while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound.

UBS, StanChart agree to settle 2009 Hong Kong IPO misconduct case: regulator’s counsel

Posted on March 10, 2019 by Reuters: Business News

UBS Group AG and Standard Chartered PLC have agreed to settle a case of alleged misconduct related to a 2009 initial public offering (IPO) in Hong Kong, a counsel for the market regulator said at a tribunal hearing on Monday.

Ex-Nissan chair Ghosn seeks permission to attend Tuesday board meet: source

Posted on March 10, 2019 by Reuters: Business News

Ousted Nissan boss Carlos Ghosn is seeking permission from the Tokyo District Court to attend the automaker's board meeting this week, a person with direct knowledge of the matter said on Monday.

China suspends commercial operations of Boeing 737-8 planes

Posted on March 10, 2019 by Reuters: Business News

China's civil aviation regulator said on Monday that it has asked domestic airlines to suspend the commercial operations of all Boeing 737-8 planes by 6:00 p.m. local time (5.00 a.m. ET), a day after a deadly crash of a 737 MAX 8 by Ethiopian Airlines.

Oil rises on OPEC-led supply cuts, but slowing economy restricts gains

Posted on March 10, 2019 by Reuters: Business News

Oil prices rose on Monday, lifted by Saudi oil minister Khalid al-Falih saying an end to OPEC-led supply cuts was unlikely before June and a report of falling U.S. drilling activity.

China orders its airlines to suspend use of Boeing 737 Max aircraft: media

Posted on March 10, 2019 by Reuters: Business News

China's aviation regulator has ordered Chinese airlines to suspend their Boeing 737 Max aircraft, media outlet Caijing reported on Monday, following a deadly crash of a 737 MAX 8 operated by Ethiopian Airlines.

Asian shares decline as U.S. jobs data clouds global outlook

Posted on March 10, 2019 by Reuters: Business News

Asian shares pulled back on Monday after U.S. employment data raised doubts about the strength of the global economy while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound.