China March new bank loans rise but broad credit growth eases
BEIJING (Reuters) – New bank loans in China rose more expected in March from the previous month due to strong corporate and household demand, as the central bank walks a tightrope between supporting the rapidly recovering economy and containing debt risks. Chinese banks extended 2.73 trillion yuan ($416.62 billion)in new yuan loans in March, up […]
Dollar bounce loses steam; AstraZeneca worries dent sterling
SINGAPORE (Reuters) – The dollar advanced slightly on Friday but was headed for its softest week of the year as strong data in Europe, surprisingly weak U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to trim bets on the greenback. The euro and yen are also poised for their largest weekly […]
Liftoff by Eric Berger – Musk’s otherwordly ambition
The dramatic inside story of the first four historic flights that launched SpaceX – and Elon Musk – from a shaky startup into the world’s leading-edge rocket company. In 2006, SpaceX – a brand-new venture with fewer than 200 employees – rolled its first, single-engine rocket onto a launch pad at Kwajalein Atoll. After a […]
South Korea unveils prototype of KF-X fighter jet
SEOUL (Reuters) – South Korea on Friday unveiled the first prototype of the KF-X fighter jet it is developing with Indonesia, amid lingering uncertainty over the future of Jakarta’s role in the project. The next-generation aircraft being developed by Korea Aerospace Industries Ltd (KAI) is designed to be a cheaper, less-stealthy alternative to the U.S.-built […]
Toshiba chairman issues cautious statement on CVC’s take-private offer
TOKYO (Reuters) -The chairman of Toshiba Corp’s board on Friday issued a statement on CVC Capital Partners’ recent offer to take the company private, saying it was unsolicited and that a deal would require various antitrust approvals and financing. “This initial proposal by CVC was completely unsolicited and not initiated by Toshiba,” board chairman Osamu […]
Exclusive: Roughly 500 ballots challenged in Amazon’s landmark union election
(Reuters) – Roughly 500 ballots submitted in Amazon.com Inc’s landmark union election have been challenged in a contest that will determine whether an Alabama warehouse becomes the online retailer’s first organized workplace in the United States, people familiar with the matter said. With about half of roughly 3,200 ballots counted, the election is currently poised […]
Asia shares loiter as S&P futures climb fresh peak
SYDNEY (Reuters) – Asian share markets lagged on Thursday as U.S. stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, and also little changed on the week. […]
Analysis: High stakes at sea in global rush for wind power
LONDON(Reuters) – Global competition for offshore wind power is so hot that licence auctions now resemble the oil and gas competitions of just a few years ago, and some of the names are familiar too as global oil majors move aggressively into renewable energy. The drive among top fossil fuel producers to make fast inroads […]
CEO Mary Barra bets GM can grow beyond cars and trucks
(Reuters) – Pam Fletcher wants to change the way General Motors Co makes money. The veteran GM engineer’s Global Innovation team is looking for new enterprises to expand the automaker’s sources of revenue well beyond vehicle sales and is incubating ventures from commercial delivery services to vehicle insurance, to address future markets worth an estimated […]
Shell expects at best steady fuel sales for first quarter
LONDON (Reuters) – Royal Dutch Shell expects its fuel sales to fall or at best be broadly steady for the first quarter as some coronavirus restrictions ease, the world’s biggest fuel retailer said in a trading update on Wednesday. Shell said it saw refined oil product sales at 3.7-4.7 million barrels per day (bpd) for […]
