Trade tensions kick Asian business confidence to 10-year low: Thomson Reuters/INSEAD

Trade tensions kick Asian business confidence to 10-year low: Thomson Reuters/INSEAD
MUMBAI (Reuters) – Confidence among Asian companies in the June quarter fell to its lowest since the 2008-09 financial crisis, as a U.S.-China trade war disrupts global supply chains and shows little sign of easing soon, a Thomson Reuters/INSEAD survey found. FILE PHOTO: An engineer stands under a base station antenna of 5G in Huawei’s SG178 multi-probe spherical near-field testing... Read More

Most SoftBank Vision Fund investors want to join second fund: CEO Son

Most SoftBank Vision Fund investors want to join second fund: CEO Son
FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Most investors in SoftBank Group Corp’s $100 billion Vision Fund want to join the group’s forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday. SoftBank will... Read More

Oil extends gains amid Middle East tensions, U.S.-China trade deal hopes

Oil extends gains amid Middle East tensions, U.S.-China trade deal hopes
TOKYO (Reuters) – Oil prices climbed on Wednesday, extending sharp gains from the previous session on rekindled hopes for a U.S.-China trade deal and on continued tensions in the Middle East after tanker attacks there last week. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7,... Read More

South Korea’s Korean Air to buy 30 Boeing 787 planes for $9.67 billion

South Korea’s Korean Air to buy 30 Boeing 787 planes for $9.67 billion
FILE PHOTO: A photographer takes a photo during the first flight of the new Boeing 787-10 Dreamliner at the Charleston International Airport in North Charleston, South Carolina, United States March 31, 2017. REUTERS/Randall Hill SEOUL (Reuters) – South Korea’s biggest carrier Korean Air Lines said on Wednesday it has signed a memorandum of understanding to buy 30 Boeing planes for... Read More

Canada approves contentious oil pipeline expansion, expects legal challenges

Canada approves contentious oil pipeline expansion, expects legal challenges
OTTAWA/CALGARY, Alberta (Reuters) – Canada on Tuesday approved as expected a hotly contested proposal to expand the western Canadian crude oil pipeline it bought last year, providing hope for a depressed energy industry but angering environmental groups. Steel pipe to be used in the oil pipeline construction of the Canadian government’s Trans Mountain Expansion Project lies at a stockpile site... Read More

PG&E settles California fire claims with local governments for $1 billion

PG&E settles California fire claims with local governments for $1 billion
FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Camp Fire in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage SAN FRANCISCO (Reuters) – PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers... Read More