Business News

Spain’s Globalia to launch new air carrier in Brazil: cabinet minister

SAO PAULO (Reuters) – Spanish tourism and transportation company Grupo Globalia will launch a new air carrier in Brazil, Brazilian Infrastructure Minister Tarcísio Gomes de Freitas said in a message posted on Twitter on Saturday. Globalia owns the Air Europa carrier and companies in the tourism sector, including hotel operators and travel services such as Travelplan and Groundforce. The Brazilian minister...

18 May 10:04 PM 0 Read More...

Huawei founder says growth 'may slow, but only slightly' after U.S. restrictions

(Reuters) - Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent U.S. restrictions. In remarks to the Japanese press and reported s.nikkei.com/2VMJSaT by Nikkei Asian Review, Ren reiterated that the Chinese telecom equipment maker has not violated any law. “It is expected that Huawei’s growth may slow...

18 May 8:59 PM 0 Read More...

China's top diplomat calls for U.S. restraint on trade, Iran

SHANGHAI (Reuters) - China’s senior diplomat Wang Yi told U.S. Secretary of State Mike Pompeo on Saturday that recent U.S. words and actions had harmed the interests of China and its enterprises, and that Washington should show restraint, China’s foreign ministry said. Speaking to Pompeo by telephone, Wang said the United States should not go “too far” in the current trade dispute between the two sides, addin...

18 May 8:59 PM 0 Read More...

Spain's Globalia to launch new air carrier in Brazil: cabinet minister

SAO PAULO (Reuters) - Spanish tourism and transportation company Grupo Globalia will launch a new air carrier in Brazil, Brazilian Infrastructure Minister Tarcísio Gomes de Freitas said in a message posted on Twitter on Saturday. Globalia owns the Air Europa carrier and companies in the tourism sector, including hotel operators and travel services such as Travelplan and Groundforce. The Brazilian minister said the ...

18 May 8:59 PM 0 Read More...

Exxon evacuates foreign staff from Iraqi oilfield

BASRA, Iraq/DUBAI (Reuters) - Exxon Mobil has evacuated all of its foreign staff, around 60 people, from Iraq’s West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday. The evacuation came just days after the United States withdrew non-essential staff from its embassy in Baghdad, citing a threat from neighboring Iran, which has close ties to Ir...

18 May 8:59 PM 0 Read More...

Iran changes tactics, destinations on oil exports, maritime official says

(Reuters) - Iran has adopted new tactics and new destinations in shipping its oil exports following the re-imposition of U.S. sanctions, a senior Iranian maritime official was quoted as saying on Saturday by the semi-official ILNA news agency. “The Oil Ministry’s tactics in exporting oil and petroleum products have changed, ... and perhaps the destinations of oil cargoes from our ports have changed,” Hadi Haqsh...

18 May 8:54 PM 0 Read More...

Canada vows 'full steam ahead' on ratifying trade pact after US lifts metals tariffs

OTTAWA (Reuters) - Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. U.S. President Donald Trump had imposed the global “Section 232” tariffs of 25% on steel and 10% on aluminum in March 2018 on both Canada and Mexico on national security grounds, invoking a...

18 May 6:04 PM 0 Read More...

Exclusive: Saudi’s Falih says sees no oil shortage, but OPEC to act if needed

JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market’s needs. Speaking in Jeddah ahead of a ministerial panel gathering on Sunday of top OPEC and non-OPEC producers, including Saudi Arabia and Russia,...

18 May 4:54 PM 0 Read More...

Exclusive: Saudi's Falih says sees no oil shortage, but OPEC to act if needed

JEDDAH, Saudi Arabia (Reuters) - Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market’s needs. Speaking in Jeddah ahead of a ministerial panel gathering on Sunday of top OPEC and non-OPEC producers, including Saudi Arabia and Russia, Falih to...

18 May 3:14 PM 0 Read More...

Exclusive: Saudi’s Falih says not sure there is oil shortage, OPEC will act

JEDDAH, Saudi Arabia (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market’s needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building. Speaking in Jeddah ahead of a ministerial panel gathering on Sunday by top OPEC and non-OPEC producers, including Saudi...

18 May 6:44 AM 0 Read More...
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