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Germany wants Europe to join China's new Silk Road after criticizing Italy for doing the same

51 mins ago DieselGasoil Comments Off on Germany wants Europe to join China's new Silk Road after criticizing Italy for doing the same
The Chinese “Belt and Road” initiative is an important project, which European states would be glad to join, according to German Chancellor Angela Merkel, who stressed that cooperation should be based on reciprocity from Beijing. “We, as Europeans, want to play an active part and that must lead to certain reciprocity and we are still Read More

China's Huawei sees little impact on sales from U.S. broadside

1 hour ago DieselGasoil Comments Off on China's Huawei sees little impact on sales from U.S. broadside
SHENZHEN/HONG KONG (Reuters) – The U.S. campaign against China’s Huawei is having little impact on the company’s sales and it is unlikely many countries will follow the United States in banning Huawei from building next-generation mobile networks, its rotating Chairman Eric Xu said. FILE PHOTO: Eric Xu, CEO of Huawei, addresses media at Cebit, the Read More

Recession obsession keeps the mood subdued

3 hours ago DieselGasoil Comments Off on Recession obsession keeps the mood subdued
LONDON (Reuters) – Calm returned to global markets on Tuesday as a steadier day for Europe and Asia’s bourses and a tick higher in benchmark bond yields helped ease nerves after a jarring few days dominated by recession worries. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, Read More

Indonesia says low-carbon plan could spur annual GDP growth

5 hours ago DieselGasoil Comments Off on Indonesia says low-carbon plan could spur annual GDP growth
JAKARTA (Reuters) – Indonesia plans to adopt a more sustainable economic development plan from 2020 that could deliver annual GDP growth of 5.6 to 6 percent over the next 25 years, its planning minister said on Tuesday. FILE PHOTO: Heavy traffic is seen on a main toll road as many people leave the city ahead Read More

StanChart sees China slowdown, trade war fears receding, eyes digital push

5 hours ago DieselGasoil Comments Off on StanChart sees China slowdown, trade war fears receding, eyes digital push
HONG KONG (Reuters) – Fears over a slowdown in Chinese economic growth and the impact of the Sino-United States trade tensions are “receding a bit”, the chief executive of London-based bank Standard Chartered, which makes the bulk of its revenue in Asia, said. Standard Chartered PLC Group Chief Executive Bill Winters attends the China Development Read More

Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East

7 hours ago DieselGasoil Comments Off on Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East
SAN FRANCISCO (Reuters) – Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. The Uber Hub is seen in Redondo Beach, California, U.S., March 25, 2019. REUTERS/Lucy Nicholson     Uber said late Monday night Read More

Standard Chartered CEO says fears of China growth slowdown, trade war are receding

10 hours ago DieselGasoil Comments Off on Standard Chartered CEO says fears of China growth slowdown, trade war are receding
Standard Chartered PLC Group Chief Executive Bill Winters attends the China Development Forum in Beijing, China March 23, 2019. REUTERS/Thomas Peter HONG KONG (Reuters) – Standard Chartered PLC Chief Executive Bill Winters said fears over a slowdown in China’s economic growth and the impact of the Sino-U.S. trade tensions are “receding a bit”. “China has Read More

Asian shares edge up as U.S. bond yields come off late-2017 lows

10 hours ago DieselGasoil Comments Off on Asian shares edge up as U.S. bond yields come off late-2017 lows
TOKYO (Reuters) – Asian shares bounced back on Tuesday after two days of losses as U.S. 10-year Treasury yields edged higher, but the outlook remained murky as investors weighed the odds of whether the U.S. economy is in danger of slipping into recession. FILE PHOTO: A man is seen in front of an electronic board Read More

Asian shares shaky as U.S. bond yields hit lowest since late 2017

12 hours ago DieselGasoil Comments Off on Asian shares shaky as U.S. bond yields hit lowest since late 2017
TOKYO (Reuters) – Asian shares were shaky on Tuesday after U.S. Treasury yields sank to their lowest since late 2017, further below short-term interest rates and adding to fears of a U.S. recession. FILE PHOTO: A man is seen in front of an electronic board showing stock information on the first day of trading in Read More

Global carbon emissions hit record high in 2018: IEA

14 hours ago DieselGasoil Comments Off on Global carbon emissions hit record high in 2018: IEA
LONDON (Reuters) – Global energy-related carbon emissions rose to a record high last year as energy demand and coal use increased, mainly in Asia, the International Energy Agency (IEA) said on Tuesday. Energy-related CO2 emissions rose by 1.7 percent to 33.1 billion tonnes from the previous year, the highest rate of growth since 2013, with Read More