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Toshiba Memory sees ‘good chance’ of M&A in push for data center business

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TOKYO (Reuters) – Japan’s Toshiba Memory said there was a “good chance” of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers. FILE PHOTO: Toshiba’s flash memory factory is pictured during a media tour in Yokkaichi, western Japan September 9, 2014. REUTERS/Reiji Murai/File Photo Toshiba Read More

Iran oil stacking up in Chinese ports adds to market uncertainty

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7/22/2019 BEIJING -Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer. Two and a half months after the White House banned the purchase of Iran’s oil, the nation’s crude is continuing to be sent to Read More

Thai farmers asked to delay rice planting as drought bites

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BANGKOK (Reuters) – The Thai government has asked farmers to delay planting rice because of drought and the pumping of water from reservoirs for irrigation threatens household supplies, an agriculture ministry official said on Monday. Farmers in the world’s second-biggest rice exporter usually plant their main crop in May, the beginning of the rainy season, Read More

‘Avengers: Endgame’ dethrones ‘Avatar’ as highest-grossing movie of all time

6 hours ago DieselGasoil Comments Off on ‘Avengers: Endgame’ dethrones ‘Avatar’ as highest-grossing movie of all time
The epic finale to Marvel’s Infinity Saga, ‘Avengers: Endgame,’ has officially become king of the global box office set, topping James Cameron’s ‘Avatar,’ which held the title for almost a decade. ‘Endgame’ is now the biggest film of all time, with worldwide ticket sales currently standing at US$2.79 billion, according to Box Office Mojo. This Read More

Oil rises more than 2% after Iran seizes British tanker

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LONDON (Reuters) – Oil prices rose more than 2% on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf. FILE PHOTO: An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. REUTERS/Christian Hartmann/File Photo Brent crude futures climbed Read More

Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models

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SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, Read More

Fire forces Philadelphia Energy Solutions to file for bankruptcy again

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FILE PHOTO: The Philadelphia Energy Solutions oil refinery is shown following a recent fire that caused significant damage to the complex, in Philadelphia, Pennsylvania, U.S., June 26, 2019. REUTERS/Laila Kearney/File Photo (Reuters) – Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, Read More

Hyundai Motor logs biggest profit gain in seven years on currency, new models

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SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) on Monday posted its steepest quarterly net profit gain in over seven years, as a weaker local currency helped lift U.S. income, while new models boosted domestic sales. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Read More

UK to send 250 troops to Mali for dangerous peacekeeping mission

14 hours ago DieselGasoil Comments Off on UK to send 250 troops to Mali for dangerous peacekeeping mission
By Alistair Bunkall, defence and security correspondent, in Mali The UK is to send 250 troops to Mali in the biggest peace-keeping deployment since Bosnia and potentially the most dangerous mission for British forces since Afghanistan. The soldiers will form a long-range reconnaissance task group, specifically chosen for their ability to operate in small teams Read More