Category: Business

Indonesian state-owned oil and gas company PT Pertamina and American energy giant Exxon Mobil Corp (XOM.N) signed an agreement on Tuesday to look at ways to use carbon capture storage (CCS) in the Southeast Asian country. A memorandum of understanding (MoU) was signed during the two-week COP26 summit in the Scottish city of Glasgow. The […]

Japan Airlines Co Ltd (JAL) (9201.T) reported on Tuesday a narrower first-half loss before interest and tax from a year ago, helped by cost cuts the carrier undertook during the pandemic, but it flagged a wider-than-expected annual loss. The company posted a first-half loss of 151.8 billion yen ($1.34 billion). In the prior year, Japan’s […]

Euro zone manufacturing activity remained strong last month but was curtailed by supply chain bottlenecks and logistical problems which sent input costs soaring, a survey showed on Tuesday. Ongoing disruptions caused by the coronavirus pandemic, alongside a shortage of heavy goods vehicle drivers, has caused product shortages and left factories struggling to get the raw […]

Diageo (DGE.L) said on Tuesday it is building a $75 million distillery in China to make its first ever single-malt whiskey of a Chinese origin, as it looks to tap into the spirit’s growing demand in the world’s largest beverage alcohol market. Located in the country’s southwest Yunnan province, the 66,000 square meter distillery will […]

Huawei Technologies Co (HWT.UL) is in advanced talks to sell its x86 server business after the U.S. blacklisting of the company made it difficult to secure processors from Intel Corp (INTC.O). The Chinese telecoms giant is selling the server business to a consortium that includes at least one government-backed buyer, the report said, citing people […]

The dollar consolidated gains against its rivals on Monday, after posting its biggest daily rise in more than four months as hedge funds cut back bearish bets ahead of a U.S. Federal Reserve policy meeting this week. Monetary policy in the United States, Australia and the United Kingdom is in sharp focus this week, with […]

Japan’s securities watchdog has launched an investigation into Sumitomo Mitsui Financial Group’s (8316.T) brokerage unit over employees’ potential involvement in fraudulent stock transactions, the Nikkei business daily said on Tuesday. The Securities and Exchange Surveillance Commission held its investigation at the Tokyo head office of SMBC Nikko Securities Inc, Nikkei said, citing sources familiar with […]