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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

Netanyahu fights for political survival as Israel goes to the polls

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Israelis have begun voting in their second general election of 2019, which will decide if long-time leader Benjamin Netanyahu can stay in power despite corruption allegations. Mr Netanyahu is the longest-serving prime minister in the country’s history, and is looking for his fourth consecutive term in office. He was prime minister from June 1996 until Read More

AB Inbev launches second Asia IPO attempt, targets up to $6.6 billion

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HONG KONG (Reuters) – Anheuser-Busch InBev NV (ABI.BR) will kick off a second attempt to spin off its Asian business in Hong Kong with the launch on Wednesday of an IPO worth up to $6.6 billion that could be the world’s second largest flotation this year. FILE PHOTO: The logo of Anheuser-Busch InBev is pictured Read More

Targa Resources Partners LP Announces Monthly Distribution on Preferred Units

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HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE: NGLS PR A) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Series A Preferred Units”) for September 2019. Targa Resources Partners LP announced today that the board of Read More

Atlantia’s CEO set to step down as bridge probe darkens

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MILAN (Reuters) – The long-standing head of Italian infrastructure group Atlantia (ATL.MI) is ready to step down as a probe into a deadly bridge collapse snowballs, prompting its top shareholder, the Benetton family, to pull support, sources said on Monday. Giovanni Castellucci, who masterminded a multi-billion merger with Spanish rival Abertis last year, will hand Read More

Workers picket GM plants as UAW contract talks resume

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DETROIT (Reuters) – Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker’s highly profitable U.S. operations. The UAW on Sunday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering Read More

Trump backs plan that would boost biofuel quotas 10% in 2020

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NEW YORK (Reuters) – U.S. President Donald Trump has tentatively approved a plan to increase the amount of biofuels that oil refiners are required to blend each year to compensate for exemptions handed out to small refiners by the Environmental Protection Agency, two sources familiar with the matter said. FILE PHOTO: U.S. President Donald Trump Read More

Gold & silver rally as investors seek safe havens amid global uncertainty

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The price of gold surged more than one percent on Monday as investors turned to safe-haven assets, following attacks at the weekend on Saudi Arabia’s oil and gas facilities. The strikes cut off five percent of world oil supply. The yellow metal jumped 1.2 percent at the open, hitting $1,506 per ounce. Gold is now Read More

Facebook removes altered Conservative advertisement

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Facebook has removed a Conservative Party advert which misrepresented a BBC News story. The ad carried a BBC logo and headline saying “£14 billion pound cash boost for schools” – despite the story it linked to putting the figure at £7.1bn. The social media giant say the Tories had “misused” its advertising platform and it Read More

Instagram fact-check: Can a new flagging tool stop fake news?

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Facebook has launched a new feature allowing Instagram users to flag posts they think contain fake news to its fact-checking partners for verification. But questions remain as to whether it goes far enough to counter the amount of disinformation on the image-sharing platform. The move is part of a wider raft of measures the social Read More