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Oil pucks and pellets; Canada eyes new ways to move stranded crude

November 11, 2018 by  
Filed under News

Canada’s biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert more oil to riskier rail transport.


Source: Reuters Business News

Alibaba Singles' Day tops $30 billion but growth rate plunges

November 11, 2018 by  
Filed under News

Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest-ever rate.


Source: Reuters Business News

Democrats to probe Trump actions on AT&T, Amazon.com: Axios

November 11, 2018 by  
Filed under News

When Democrats take control of the U.S. House they plan to investigate the Trump administration’s decision to try to block AT&T Inc from acquiring Time Warner, and whether officials sought to punish Amazon.com Inc by prodding the U.S. Post Office to hike shipping prices for the world’s largest e-commerce company, a senior Democrat said on Sunday.


Source: Reuters Business News

Iran sells more oil to private exporters to bypass U.S. curbs

November 11, 2018 by  
Filed under News

Iran sold 700,000 barrels of crude oil to private companies for export on Sunday in a second round of sales aimed at countering U.S. sanctions on the country’s exports, oil ministry news website SHANA reported.


Source: Reuters Business News

China's import expo logs $57.8 billion of deals: China Daily

November 10, 2018 by  
Filed under News

Around $57.83 billion worth of deals were agreed for the year ahead at the China International Import Expo (CIIE), the official China Daily said on Saturday.


Source: Reuters Business News

Netflix CEO Hastings says no plans for cheaper India offerings

November 9, 2018 by  
Filed under News

Netflix chief executive Reed Hastings said that the streaming video company had no plans for cheaper prices in the hotly competitive India market and that an executive’s comments suggesting otherwise had been “misunderstood.”


Source: Reuters Business News

Investors focus on retailers as wages rise

November 9, 2018 by  
Filed under News

U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared.


Source: Reuters Business News

Apple finds quality problems in some iPhone X and MacBook models

November 9, 2018 by  
Filed under News

Apple Inc said on Friday it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free of charge.


Source: Reuters Business News

Exclusive: Takeda to win EU approval for $62 billion Shire deal – sources

November 9, 2018 by  
Filed under News

Japanese drugmaker Takeda Pharmaceutical is set to win conditional EU antitrust approval for its $62-billion bid for London’s Shire, the biggest ever overseas acquisition by a Japanese company, two people familiar with the matter said on Friday.


Source: Reuters Business News

U.S. judge halts Keystone XL oil pipeline in blow to Trump, Trudeau

November 9, 2018 by  
Filed under News

A U.S. judge in Montana has halted construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing a sharp rebuke on Friday from President Donald Trump.


Source: Reuters Business News

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