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Opec edges closer to raising oil output; Iran agreement is key

Opec edges closer to raising oil output; Iran agreement is key

Opec edged closer yesterday towards raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable.

Washington’s ‘capricious’ trade actions will hurt US workers, China warns

Washington’s ‘capricious’ trade actions will hurt US workers, China warns

China’s commerce ministry yesterday accused the United States of being “capricious” over bilateral trade issues,..

Toyota cutting marketing, sales costs to fuel research

Toyota cutting marketing, sales costs to fuel research

Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said.

Higher oil prices, reforms, infrastructure push seen driving Qatar economy this year

Higher oil prices, reforms, infrastructure push seen driving Qatar economy this year

Qatar’s economy this year should be supported by higher oil prices, economic reforms and the government’s infrastructure investment push in preparation for the 2022 World Cup, FocusEconomics has said in a report.

Korean cars grab top quality honours

Korean cars grab top quality honours

Korean automakers have scored a trifecta, with the Genesis, Kia and Hyundai brands topping Porsche and taking the top three spots in JD Power’s closely watched annual study of new-car quality.

JSW Steel plans bid for ArcelorMittal’s unit

JSW Steel plans bid for ArcelorMittal’s unit

India’s biggest steelmaker JSW Steel is expected to make a bid for ArcelorMittal’s Galati plant in Romania, three sources told Reuters, potentially competing against Ukraine’s Metinvest and Italy’s Marcegaglia.

Intel CEO resigns after probe into relationship

Intel CEO resigns after probe into relationship

Intel Corp chief executive Brian Krzanich resigned yesterday after a probe found his consensual relationship with an employee violated company policy.

US Supreme Court lets states force online retailers to collect tax

US Supreme Court lets states force online retailers to collect tax

States may force online retailers to collect potentially billions of dollars in sales taxes, ..

Stock markets worldwide fall as trade wars get real

Stock markets worldwide fall as trade wars get real

Global stock markets fell yesterday on escalating trade tensions between the United States and other world powers.

UBS, Credit Suisse urged to bolster emergency planning

UBS, Credit Suisse urged to bolster emergency planning

UBS Group AG and Credit Suisse Group AG still need to improve preparations for how they would deal with a hypothetical failure, a regulator said yesterday, as both lenders set their sights again on growth.

Italy and trade keep SNB’s Jordan on alert after franc rally

Italy and trade keep SNB’s Jordan on alert after franc rally

The Swiss National Bank kept interest rates at a record low and indicated once again it’s in no rush to tighten monetary policy given an escalation of global risks that could spark a rally in the franc.

Daimler first to predict profit hit on trade war

Daimler first to predict profit hit on trade war

Daimler AG became the first prominent company to cut its profit outlook due to escalating trade tensions between the US and China, ....

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