Author Archives

• Japan has begun importing Iranian crude

  By admin1 on January 21, 2019 • ( 0 )

  

  Japan forms part of a list of countries that have been exempted from U.S. economic sanctions on Iran. Countries on this exemption list are allowed to import Iranian oil for another 180 days. On Monday, the governor of Iran’s central… Read More ›

• Berkshire Hathaway Energy Co denies Financial Times report on lithium extraction

  By admin1 on January 21, 2019 • ( 0 )

  

  The Financial Time’s report had cited sources and a fund raising document, and stated, Berkshire Hathaway’s geothermal wells could produce up to 90,000 tonnes of lithium a year worth $1.5 billion at current prices. Berkshire Hathaway Energy Co, a unit… Read More ›

• Crude oil prices rise touch 2019 peak

  By admin1 on January 21, 2019 • ( 0 )

  

  OPEC led prices cut along with the release of Chinese refinerery processing data in 2018, led to the peaking of crude oil. On Monday, oil prices recorded the highest peak following the release of data that showed China’s refinery processing… Read More ›

• Siemens-Alstom merger will add competitiveness to the European rail industry

  By admin1 on January 17, 2019 • ( 0 )

  

  Despite getting the backing of the German and the French government, the deal hangs in the balance on concerns from anti-trust regulators that it could stifle competition in the rail sector. As per sources familiar with the matter at hand,… Read More ›

• Britain’s Lotus car to be made in Geely’s new plant in China

  By admin1 on January 17, 2019 • ( 0 )

  

  Geely is aiming to emulate luxury carmakers whose SUVs have so far done well in the Chinese market. But given that China’s auto-market has shrunk for the first time in two decades as well as low sales in 2018, Geely’s… Read More ›

• Bi-partisan bills targeting Chinese companies in non-compliance with U.S. sanctions or export control laws being introduced in the U.S

  By admin1 on January 17, 2019 • ( 0 )

  

  Headwinds facing Huawei Technologies and ZTE Corp is likely to shoot up to gale force. In a development that comes in the wake of federal prosecutors investigating alleged stealing of trade secrets by Huawei from T-Mobile and other businesses, a… Read More ›

• European Court of Justice annuls European Commission’s 2013 decision to block UPS acquisition of TNT

  By admin1 on January 16, 2019 • ( 0 )

  

  Following the ruling, UPS said it is seeking $1.99 billion (1.74 billion euros) in damages. In a development that potentially opens up the possibility of potential litigation against the European Commission, on Wednesday, the European Court of Justice annulled a… Read More ›

• British banks shrug off Brexit drama at Westminster

  By admin1 on January 16, 2019 • ( 0 )

  

  Banks shares have risen modestly giving hopes of a compromise Plan B for Brexit. On Wednesday, the share prices of British banks witnessed heavy losses in the wake of the parliamentary vote on the Brexit deal which saw one of… Read More ›

• British parliament to decide fate of Brexit today

  By admin1 on January 15, 2019 • ( 0 )

  

  May’s Brexi deal faces strong headwinds in parliament. Today’s vote will not only decide her May’s career but also chart Britain’s economic and geo-political future in the days to come. On Tuesday, in a historic vote in the British parliament… Read More ›

• China deepens grip on Sri Lankan economy with a loan of $300 million

  By admin1 on January 15, 2019 • ( 0 )

  

  Sri Lanka is struggling to repay its foreign debt which is at a record $5.9 billion. The current amount of $300 million can be expanded to $1 billion. On Tuesday, in a move that deepens China’s grip on the island… Read More ›