19.6% of the U.S. oil refinery halted by tropical storm Harvey has halted, as of Tuesday. In a significant blow to U.S. oil production, the largest crude oil refinery in the country was forced to shutdown on Tuesday night due… Read More ›
Strategy
Goldman Sachs’ CFO to detail the company’s bond trading strategy in September
This comes in the wake of the bank reporting a spectacular drop of 40% in its bond-trading revenues, which naturally has unnerved investors. In the wake of increased pressure from big investors who have grown frustrated by Goldman Sachs’ vague… Read More ›
Designing And Building Electric Cars In China Sees Renault-Nissan Set Up New China JV With Dongfeng Motor
With the aim of designing and building electric cars and joining a list of global automakers aiming to make such vehicles in China, Nissan Motors and its alliance partner Renault are setting up a new joint venture in China with Dongfeng Motor Group…. Read More ›
Russian Oil Traders Say It’s Business As Usual Despite New U.S. Sanctions
Circumventing tighter restrictions imposed this month by the United States on the foreign finance they can use, Russian oil companies will quickly find ways to work around those restrictions, says the media quoting multiple Russian oil industry sources. The new… Read More ›
Australia and Peru negotiating terms of an ambitious free trade agreement
The development marks the first signs of trade deal in the Pacific region following the U.S. withdrawal from the TPP. Peru expects to sign a “very ambitious” free trade deal with Australia which is likely to cover goods, investments, and… Read More ›
Joint military drills by South Korean & U.S. military reinforces confidence in region
Markets across the world have fallen due to North Korea’s missile launch. As per South Korea’s Yonhap news agency, top South Korean and U.S. military officials have agreed to make a strong response to North Korea’s latest ballistic missile… Read More ›
Uneasy China tries to appease U.S. concerns on its export of cheap steel
The Trump Administration has twice rejected Beijing appeal to cut steel overcapacity by 150 million tonnes. The Financial Times has reported citing sources familiar with the matter, U.S. President Donald Trump has rejected a Chinese proposal to cut steel overcapacity… Read More ›
CBS acquires Australian broadcaster Ten Network Holdings Ltd
Since the deal involves Ten Network piling on more debt, it will be subject to scrutiny by its existing creditors and by Australia’s Foreign Investment Review Board. On Monday, in a significant development, the owner of the most watched… Read More ›
Hurricane Harvey thrash U.S. Gulf Coast refineries, brings crude production comes to a grinding halt
In the long run analysts expect Harvey to have long term impact on U.S. crude’s value chain. With Hurricane Harvey leaving a trail of destruction, knocking out refineries and crude production facilities, along the U.S. Gulf Coast, oil markets around… Read More ›
Uber chooses Dara Khosrowshahi as its CEO
A surprise nominee, Khosrowshahi has a brilliant track record at Expedia Inc. As per two sources familiar with the knowledge of the matter, Uber Technologies Inc has selected Dara Khosrowshahi, the CEO of Expedia Inc, a travel company,… Read More ›
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