OPEC Spat Over Production Data Grows as Iran Rejects Estimates
OPEC’s struggle with the first step of its new production deal -- agreeing on how much its members are pumping -- deepened as Iran became the third nation to openly question the organization’s data.Output estimates compiled by OPEC’s Vienna-based secretariat are “not acceptable,” Ali Kardor, managing director of National Iranian Oil Co., said Monday in Tehran. Iran is pumping 3.89 million barrels a day, Kardor said, or about 300,000 a day more than OPEC estimated the country produced last month..>> view originalChina Detains 18 From an Australian Casino Company
BEIJING — A senior executive of Australia's largest casino operator and two other Australians have been detained in an investigation of suspected gambling crimes, the Chinese government said Monday, in an apparent crackdown on overseas tours for high rollers.The head of Crown Resorts Ltd.'s VIP International team, Jason O'Connor, is believed to be one of 18 Crown employees being questioned by Chinese authorities, the company said in a statement to the Australian Securities Exchange.The Chine..>> view originalKyushu Railway on Track for Top-Price IPO
TOKYO—The main railway on Japan’s southern island of Kyushu, a popular destination for Asian visitors, set the price for its initial stock offering at the top of the proposed range on Monday thanks in part to a decent dividend yield. Kyushu Railway Co. set a final price for its planned initial public offering at ¥2,600 ($25) per share, according to regulatory documents filed Monday, meaning the offering will raise ¥416 billion. The...>> view originalWhat OPEC's Oil U-Turn Missed: Peak Demand Keeps Getting Closer
OPEC’s decision last month to reverse its policy of unfettered production and cut oil output to boost prices may be at odds with the industry’s most important long-term trend: demand for what they produce could start falling within 15 years.If rapid improvements continue in renewable energy, electric vehicles and other disruptive technologies, petroleum consumption will peak in 2030 and decline thereafter, according to a report from the World Energy Council. As the globe’s largest producers gat..>> view originalPepsiCo pledges to slash calories in two-thirds of beverages by 2025
"The consumer can't tell the difference, and that's the greatest thing about all of the R&D work, which is now yielding results," she said. The CEO also spoke about ongoing efforts to reduce sodium in products, including snacks sold by the Frito-Lay division. "By applying the seasoning differently, we can actually still make it a salty snack, but with lower sodium levels, and that's what we have managed to do with… our products in countries like the U.K. and China, where we've reduced sal..>> view originalHow Caterpillar's Big Bet Backfired
Doug Oberhelman spent his first years as Caterpillar Inc.’s chief executive plowing billions of dollars into factories to build more of its familiar yellow machines and move the company deeper into mining equipment. It was a bold bet, spectacularly mistimed. The world was gripped by a global commodities boom in 2010 when he took charge,...>> view originalThe Latest: Hoboken rail service fully restored after crash
Posted: Monday, October 17, 2016 5:09 am | Updated: 5:30 am, Mon Oct 17, 2016. The Latest: Hoboken rail service fully restored after crash Associated Press | 0 comments HOBOKEN, N.J. (AP) — The Latest on train service being fully restored at Hoboken Terminal less than three weeks after deadly crash (all times local): 6 a.m. ..>> view originalLack of new blood casts doubt over Wells Fargo's change plan
NEW YORK Wells Fargo & Co's decision not to introduce new names onto its board or into the ranks of its senior management in the wake of a sales scandal has raised questions about whether it can truly fix the culture which caused its problems.The United States' third-largest bank by assets has been plunged into crisis by revelations that its branch staff created as many as 2 million accounts without customers' knowledge in order to meet internal sales targets.John Stumpf, the bank's chairman a..>> view originalHow To Appeal Online When Denied Social Security Benefits
Your Social Security benefits play an important role in your retirement, and for those applying for disability benefits under Social Security (SSDI), the stakes can be even higher. A denial of benefits can have devastating effects on your ability to live comfortably. Fortunately, if your Social Security benefits are denied for medical reasons, there is an appeals process that you can follow to try to get your benefits restored. The process is now available online for your further convenience —..>> view originalTesla Seeks to Expand Panasonic Partnership With a New Solar Production Deal
Tesla and battery partner Panasonic plan to deepen ties with a new collaboration on solar cell and module production, but only if Tesla’s proposed SolarCity acquisition is approved. Late Sunday, Tesla announced that Panasonic has signed a non-binding letter of intent to manufacture solar cells and modules at SolarCity’s factory in Buffalo, New York, which is slated to be the largest solar panel factory in North America. The plant is expected to employ 1,460 workers and produce up to 10,000 ..>> view original
Friday, November 4, 2016
OPEC Spat Over Production Data Grows as Iran Rejects Estimates and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment