Home >> Business
More shale, who cares? Saudi Arabia pushes for at least $70 oil
Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded. Riyadh, OPEC’s de facto leader, said it was...
read more
German manufacturing woes drag down eurozone
Signs of a weak first quarter for the eurozone mounted on Friday as a closely-watched survey pointed to March output being dragged further down by manufacturing weakness, especially in Germany, Europe's largest economy. Data company IHS Markit said in a first estimate for the month that...
read more
After crashes, Boeing rolls out safety feature previously sold as option
Boeing's 737 MAX aircraft will be outfitted with a warning light for malfunctions in the anti-stall system suspected in October's fatal crash in Indonesia, an industry source told AFP Thursday, standardizing a feature previously sold as an optional extra. The development comes as the...
read more
Restrictions on Hong Kong's freedoms denting business confidence: US
Growing restrictions on Hong Kong's freedoms are hurting business confidence, the United States warned in a report Friday, accusing the city's government of sacrificing human rights to support mainland Chinese priorities. Hong Kong enjoys liberties unseen on the mainland under the "one...
read more
