Efficiency improvements from the world’s largest oil-producing firms and countries, alongside the rise of U.S. shale, will see prices slide back to near $50 a barrel, according to research at investment bank J.P. Morgan. Christian Malek, the head of EMEA oil and gas equity research at J.P. Morgan, said that […]
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Over 1,000 miles on a single charge: A glimpse into the future of bus travel
Around the world, hundreds of millions, if not billions, of people use buses to get around towns and cities. While they are incredibly popular and often cheap forms of transport, they do have an environmental impact, with emissions from exhaust pipes being a serious issue. Change is afoot, however. While […]
Ex-Russian spy was poisoned by nerve agent left on his front door, police say
Russian former double agent Sergei Skripal and his daughter were poisoned with a military-grade nerve toxin that had been left on the front door of their home in England, British counter-terrorism police said. After the first known offensive use of a chemical weapon on European soil since World War Two, […]
Renault shares rally on new media report of Nissan merger talks
Renault shares rose sharply on Thursday, with traders attributing the gain to a Bloomberg News report that Renault SA and Nissan are in talks to merge and create a new automaker that trades as a single stock. Asked about the report, a spokesman for Renault-Nissas said: “We do not comment […]
CME Group reaches deal to acquire NEX for $5.5 billion
Futures trading giant CME Group has reached a deal to buy U.K.-based NEX Group for $5.49 billion. CME will acquire London-based NEX in a transaction valued at £10 ($14) per share, consisting of 500 pence in cash and 0.0444 CME Group shares, based on CME’s closing share price of $158.84 […]
Saudi market rules ready for Aramco IPO by end-June, market regulator says
Saudi Arabia expects to unveil by the end ofJune rules to prevent large share price drops in newly-listed companies, the final regulatory step for the listing of oil giant Saudi Aramco, the head of the kingdom’s stock market regulator said. The mechanism, known as price stabilization, is common on developed […]
North, South Korea to hold summit on April 27
North and South Korea will hold their first summit in more than a decade on April 27, South Korean government officials who held high-level talks with their North Korean counterparts on Thursday said. The two Koreas had agreed earlier this month to hold such a summit at the border truce […]
It’s only a year to go until Brexit — but top UK retailers are frustrated they can’t prepare for it
In 365 days the U.K. will no longer be a member of the European Union. But U.K. businesses are still unware of how much they will have to change to continue trading with the rest of Europe — making it harder to plan for the future. Paul Clarke, chief technology […]
Trump-Kim meeting may leave out Japan. Shinzo Abe is taking action
Japanese Prime Minister Shinzo Abe’s government, worried about being sidelined at a proposed meeting between President Donald Trump and North Korean leader Kim Jong Un, wants its own talks with the rogue state. That could ultimately be beneficial for Pyongyang. Tokyo has expressed a desire to meet with North Korea, […]
Tesla is on track for its worst month ever — down 24.86 percent so far
Tesla shares are on pace for their worst monthly performance as the electric car company faces a spate of recent issues. Tesla stock is down 24.86 percent in March, as of Wednesday, pacing for its worst month since the company first went public in 2010. Other recent stock performance figures […]