Jan 15, 2017

Trudeau says Canada's oil sands must be phased out

Canada must “phase out” Alberta’s oil sands and end the country’s dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday. “We can’t shut down the oil sands tomorrow. We need to phase them out,” he said. “We need to manage the transition off ...

Tillerson to cede control of $240 million in Exxon as Trump pick

/ Jan 4, 2017

Tillerson to cede control of $240 million in Exxon as Trump pick

Rex Tillerson, former Exxon Mobil Corp. chief executive and President-elect Donald Trump’s pick for U.S. secretary of state, will relinquish control of about $240 million in company shares if confirmed as he severs ties to comply with conflict-of-interest requirements. If confirmed, Tillerson will sell ...

Japan logged ¥152.51 billion trade surplus in November

/ Dec 19, 2016

Japan logged ¥152.51 billion trade surplus in November

Japan posted a goods trade surplus of ¥152.51 billion ($1.30 billion) in November after imports fell more than exports on cheaper crude oil prices and the yen’s strength, the government said in a preliminary report Monday. A breakdown of the third consecutive monthly surplus ...

Trump selects Tillerson for State, dismissing Russia ties

/ Dec 13, 2016

Trump selects Tillerson for State, dismissing Russia ties

President-elect Donald Trump planed on Tuesday to nominate Exxon Mobil Corp. chief Rex Tillerson for U.S. secretary of state, setting off a confirmation fight that puts the oilman’s ties to Russian President Vladimir Putin — and Trump’s own — in the spotlight. The nomination ...

Nov 24, 2016

Trump may revive keystone by rescinding LBJ order: aides

Advisers to Donald Trump are exploring ways he can greenlight the Keystone XL oil pipeline on the day he is sworn into office, including by rescinding a 48-year-old presidential order. Two people familiar with Trump’s transition planning say the issue is actively being discussed, ...

Malaysia signs 'landmark' deal to buy China warships

/ Nov 2, 2016

Malaysia signs 'landmark' deal to buy China warships

Malaysia will buy four combat vessels from China in a “landmark” defense deal, Prime Minister Najib Razak said, signaling a potential strategic shift away from the United States. The agreement marked the first time Kuala Lumpur had purchased warships from Beijing and came only ...