NEWSWORTHY
Business / Economy May 12, 2018
After record profits, Japanese firms growing jittery over protectionism, oil prices
The companies did well in 2017 but face exchange rate and other uncertainties stemming from the gyrations in U.S. trade policy.
Business / Corporate May 8, 2018
Mitsubishi Corp. profit hits record on higher coal prices, expects further growth
Trading house Mitsubishi Corp. said Tuesday its profit for the last financial year jumped 27 percent to record levels due to stronger prices for coking coal and other commodities, while forecasting another profit rise this year. Japanese trading houses have been enjoying their best profits ...
Business May 8, 2018
U.S. oil prices crashed through the $70-a-barrel mark on Monday for the first time since late 2014, foreshadowing costlier gasoline and consumer goods. It's not clear that pricey crude will slow down the economy, however. The stock market moved higher in afternoon trading as investors ...
Business May 8, 2018
ConocoPhillips moves to take key Venezuelan oil operations in Caribbean
U.S. oil giant ConocoPhillips is pressing for control of Venezuela's key offshore operations in the Caribbean, seeking to recoup $2 billion from a decade-old dispute with the nation struggling to feed its people, a source confirmed Monday. The Houston-based ConocoPhillips is asking a court in ...
National / Politics May 1, 2018
Japan and UAE agree to expand cooperation during Abe's visit
Japan and its top trade partner in the Middle East, the United Arab Emirates, agreed on Monday to expand economic, political and defense cooperation. Tokyo and Abu Dhabi also signed an investment protection agreement, capping off a two-day visit by Prime Minister Shinzo Abe to ...
Business Apr 16, 2018
Canada's Trudeau pledges funds and new law to ensure contentious pipeline is built
Prime Minister Justin Trudeau said Sunday he has instructed his finance minister to begin talks with Kinder Morgan, to "remove the uncertainty" hanging over a controversial Trans Mountain pipeline expansion project that would nearly triple the flow of oil from Canada's oil sands to ...
World / Science & Health Apr 12, 2018
Environmentalists plan to launch a methane-sensing satellite
Fifty years ago, a NASA astronaut snapped a photograph from lunar orbit showing Earth rising above the moon, and it helped inspire an environmental movement. Now it is the environmentalists who are sending missions into space. The Environmental Defense Fund on Wednesday announced a plan to ...
World Apr 6, 2018
The United Kingdom opened a permanent military base in Bahrain on Thursday, Bahrain's state news agency BNA reported. The ceremony formally opening the U.K. Naval Support Facility was attended by Bahraini Crown Prince Salman bin Hamad al-Khalifa and Britain's Prince Andrew. Britain announced in 2014 it ...
Asia Pacific Apr 3, 2018
PetroVietnam says South China Sea tensions to hurt offshore operations
State-run Vietnam Oil and Gas Group (PetroVietnam) said Tuesday that tensions in the South China Sea will hurt its offshore exploration and exploitation activities this year. "The East Sea is forecast to continue to have uncertainty this year ... affecting the company's efforts to attract ...
Asia Pacific Mar 23, 2018
Vietnam scraps South China Sea oil drilling project under pressure from Beijing
Vietnam's state oil firm, PetroVietnam, has ordered the Spanish energy firm Repsol to suspend its Red Emperor project off the southeastern coast following pressure from China, the BBC reported on Friday. It would be the second time in less than a year that Vietnam has ...
World / Politics | FOCUS Mar 20, 2018
Saudi Arabia's young crown prince has an ambitious list of to-dos: modernize his conservative kingdom, weaken Iran's hand across the Mideast and, this week, rehabilitate his country's image in the eyes of Americans. Crown Prince Mohammed bin Salman, son of King Salman and heir to ...