Qatar's outlook cut by Moody's amid Saudi-led blockade even as Gulf country aims to ramps up gas output
"Qatar's lifting of the 12-year moratorium on the development of the North Field this April was a clear signal that the country wants to defend its position as the world's largest LNG exporter against market encroachment by new supplies from the U.S. and growing capacity in Australia," said Vandana Hari, founder of Vanda Insights. The move would bring total LNG production up to 100 million tonnes a year by 2024, potentially worsening the global LNG glut. "The outlook for oil remains bleak in th..>> view originalSE Asia Stocks-Most gain ahead of Fed minutes; S'pore up over one pct
By Chandini Monnappa July 5 (Reuters) - Most Southeast Asian stock markets ended higher on Wednesday with Singapore gaining more than one percent while investors awaited minutes of the U.S. Federal Reserve's last meeting, moving past tensions over North Korea. Investors around the globe are awaiting minutes of the Fed's June meeting to gauge how committed it was to hiking rates again this year and for any details on plans to wind back its massive balance sheet. "The apprehensions..>> view originalVolvo Just Said Goodbye to the Traditional Car Engine
All Volvo car models launched after 2019 will be electric or hybrids, the Chinese-owned Swedish company said Wednesday, making it the first major traditional automaker to set a date for phasing out vehicles powered solely by the internal combustion engine.Volvo will continue to produce pure combustion-engine cars from models launched before that date, but its move signals the eventual end of nearly a century of Volvos powered solely that way.While electric and hybrid vehicles are still only a sm..>> view originalThe world's biggest online gaming company wants to prevent children in China from playing too much
There is a big debate in China over how long children play Tencent's extremely popular games.imtmphoto/ShutterstockChinese investment giant Tencent Holdings has announced that it's implementing a new system that will prevent children from playing too much on its online games, The Wall Street Journal reports. Tencent is the company behind China's most popular online game, "Honor of Kings," which has 50 million daily users, as well as the owner of WeChat, a messaging platform with close to 900 mi..>> view originalUPDATE 1-Ukraine software firm says computers compromised after cyber attack
Monte Paschi to Reduce 5500 Jobs, Assets in Rescue Plan
Italian lender Banca Monte dei Paschi di Siena SpA laid out a five-year restructuring plan that includes cutting thousands of jobs and selling assets as part of an agreement with the European Union that lets the bank receive 5.4 billion euros ($6.1 billion) in state aid.The lender plans to reduce headcount by 5,500, close 600 branches and dispose of 28.6 billion euros of bad loans by 2021, the Siena-based bank said in a statement Wednesday. Paschi targets a net profit of more than 1.2 billion e..>> view originalLower-priced Tesla is about ready to roll - Omaha World
Tesla’s first Model 3, the long-awaited electric car that’s priced for the mass-market is expected to roll off the factory floor Friday, the company said..The $35,000 Model 3 passed regulatory requirements two weeks ahead of schedule, and the first 30 owners will receive their cars at the end of the month, Tesla Chief Executive Elon Musk said, paving the way for an ambitious production timeline.Musk had said earlier this year that the Model 3 would arrive by July. The company appears to be maki..>> view originalTrue Or False: Apple Loses $104B In Value
Share Tweet Share Share Share Email A glitch in trading data resulted in huge movements in some of the largest companies that trade on the Nasdaq including Apple, Microsoft and Amazon. According to a report in the Wall Street Journal, the data showed up on several online trading platforms including Yahoo Finance, Google and Bloomberg Terminal on Monday (July 3) with the glitch showing a 14 percent decline in shares of Apple, a 87 percent drop in Amazon and a 79 percent increase for Microsof..>> view originalEmirates, Turkish Airlines try to join Etihad off laptop ban
Passengers check into a flight at Abu Dhabi International Airport in Abu Dhabi, United Arab Emirates, Tuesday, July 4, 2017. Travelers bound for the U.S. now enjoy something many others flying out of the Middle East can’t _ walking onto an airplane with their laptop. But what has changed in Abu Dhabi remains unclear as the laptop ban still affects nine other regional airports, including the world’s busiest for international travel in nearby Dubai. (Jon Gambrell/Associated Press) By Jon Gam..>> view original'Macron effect' helps lift eurozone PMI in June
The eurozone's economic recovery likely accelerated in the three months to June, according to business surveys that have been a good guide to growth in the past. The pickup in growth has fueled speculation that the European Central Bank will soon consider a reduction in the stimulus measures it has put in place since mid-2014, but inflation has remained surprisingly weak and policy makers are therefore expected to proceed with caution. Data firm IHS Markit said its composite Purchasing Managers..>> view original
Friday, September 15, 2017
Qatar's outlook cut by Moody's amid Saudi-led blockade even as Gulf country aims to ramps up gas output and other top stories.
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