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SoftBank mulls bringing 40 companies to Brazil

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FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo SAO PAULO (Reuters) – Japan’s SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a large investment in the country Read More

Cloud and clear: Tencent draws on gaming tech to lift B2B cloud ambitions

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SHENZHEN, China/SHANGHAI (Reuters) – Tech giant Tencent Holdings Ltd (0700.HK) plans to leverage its strengths in video games and social media to grab market share in China’s burgeoning cloud computing sector from incumbent Alibaba, the head of its cloud unit told Reuters. Dowson Tong, head of Tencent’s Cloud and Smart Industries Group, poses at Tencent Read More

Organisational changes in Maersk Drilling

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To accelerate the drive for end-to-end service delivery and operational efficiency Maersk Drilling is integrating the Operations, Commercial and Technical functions into one function, Operations. In addition, Global Business Solutions will change reporting line to the CFO to further increase transformation progress and cost efficiency. As a consequence of the changes, the current Chief Operating Read More

France persuades Germany to consider EU carbon border tax

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BERLIN (Reuters) – France has convinced Germany to look into a European carbon border tax to protect companies investing in green technology from emission-intensive competition from abroad, a move that could heighten trade tensions with the United States. It is the first time the German government has officially shown a willingness to look into the Read More

Oil shock unites China with Asia rivals worried about supply

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By Iain Marlow, Dandan Li and Archana Chaudhary on 9/17/2019 HONG KONG (Bloomberg) – If anything could distract Asia’s top powers from sparring over disputed territory and crimes committed during World War II, it’s the need for cheap oil. Asia accounts for more than 70% of Saudi Arabia’s crude exports, with the four biggest economies Read More

Facebook’s Libra in regulators’ sights as ECB’s Coeure warns of ‘stablecoin’ risks

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ZURICH/LONDON (Reuters) – Facebook’s (FB.O) attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such “stablecoins” posed serious risks. FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at Read More

Factbox: U.S. readies emergency oil reserves in wake of Saudi attacks

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WASHINGTON (Reuters) – The Trump administration said on Saturday it stood ready to tap U.S. emergency oil reserves if needed after attacks in Saudi Arabia shut more than half the crude output in the world’s largest oil exporter. FILE PHOTO – Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Read More

Trump administration paves way for Arctic drilling rights sale

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By Jennifer A. Dlouhy on 9/13/2019 WASHINGTON (Bloomberg) – The Trump administration on Thursday took a major step toward auctioning oil drilling rights across every acre of the Arctic National Wildlife Refuge’s coastal plain, hours after the House of Representatives voted to outlaw the activity. In an environmental impact statement, the Interior Department acknowledged oil Read More

ADNOC CEO, Russian energy minister meet to explore collaboration potential

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9/12/2019 ABU DHABI – Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC and Alexander Novak, Minister of Energy of the Russian Federation met to explore potential opportunities for collaboration as ADNOC seeks to expand its strategic partnership and investment base across its entire value chain. Minister Novak Tours ADNOC’s Read More