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Exxon to disclose climate policy impact on business

Exxon to disclose climate policy impact on business

NEW YORK: ExxonMobil, the world’s largest publicly-traded oil company, bowed to investor pressure and will soon begin disclosing how policies to combat climate change could impact its business, according to a document filed with US regulators. The move follows the decisive victory of a shareholder proposal in May, which called on Exxon to examine how […]

December 12, 2017 | By | Reply More
US chain AMC signs Saudi deal after cinema ban lifted

US chain AMC signs Saudi deal after cinema ban lifted

RIYADH: Giant US cinema chain AMC Entertainment has signed a deal to build and operate movie theatres in Saudi Arabia after the conservative kingdom lifted a decades-old ban. The deal, announced by AMC in a statement and confirmed by Saudi state media on Tuesday, will see the company form a joint venture with Saudi Arabia’s […]

December 12, 2017 | By | Reply More
Singapore launches electric car-sharing service

Singapore launches electric car-sharing service

SINGAPORE: Singapore on Tuesday launched an electric car-sharing service, the latest transport innovation aimed at encouraging people away from owning vehicles and keeping gridlock at bay in the space-starved city-state. BlueSG, a subsidiary of France’s Bollore Group, rolled out the scheme with 80 cars and 32 charging stations — which serve as drop-off and pick-up […]

December 12, 2017 | By | Reply More
Chinese auto giant to end petrol vehicle sales by 2025

Chinese auto giant to end petrol vehicle sales by 2025

BEIJING: One of China’s largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country’s roads. Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase out sales of conventional cars in Beijing by […]

December 12, 2017 | By | Reply More
LimeBike expands to Europe as cycle-sharing rivalry mounts

LimeBike expands to Europe as cycle-sharing rivalry mounts

FRANKFURT: Bicycle-sharing start-up LimeBike will begin operating in two European cities this month, marking the first overseas expansion by US players seeking to keep pace with the international forays of better-funded Chinese rivals. LimeBike, which launched in January and operates in dozen US cities and college campuses, is introducing its bikes-where-you-find-them operation in Frankfurt and […]

December 12, 2017 | By | Reply More
Uber’s taxi U-turn sets better Southeast Asia path

Uber’s taxi U-turn sets better Southeast Asia path

FILE PHOTO: ComfortDelGro’s taxis are parked at their vehicle inspection yard in Singapore October 9, 2017. REUTERS/Edgar Su SINGAPORE: Uber’s entire business has been predicated on flooring it right at the establishment. Co-founder Travis Kalanick once said his company was in a campaign where “the incumbent is an asshole called taxi.” New boss Dara Khosrowshahi […]

December 12, 2017 | By | Reply More
Brent crude jumps above US$65 for first time since 2015

Brent crude jumps above US$65 for first time since 2015

SINGAPORE: Brent crude oil prices jumped above US$65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC-led production cuts. Brent crude futures LCOc1, the international benchmark for oil prices, were at US$65.07 a […]

December 12, 2017 | By | Reply More
Bitcoin rises in debut as SEC warns on digital money

Bitcoin rises in debut as SEC warns on digital money

NEW YORK: Bitcoin experienced some big swings but finished higher in its debut on a major exchange Monday, while a leading US securities regulator warned investors about the risks of cryptocurrencies. Bitcoin futures for January delivery finished at US$18,850.00 near 2115 GMT on its first full day of trading, a bit below session peaks but […]

December 11, 2017 | By | Reply More
Boeing lifts dividend by 20%, sets new US$18 billion share buyback

Boeing lifts dividend by 20%, sets new US$18 billion share buyback

NEW YORK: Boeing Co said on Monday it would raise its quarterly dividend by 20% and replace its existing share buyback programme with a new US$18 billion authorization. The company’s shares, the best-performing Dow component this year with an 84% surge, were up 1.2% at US$286.51 in after-market trading. The world’s biggest maker of jetliners […]

December 11, 2017 | By | Reply More
Comcast drops bid for Fox assets, leaving Disney in pole position

Comcast drops bid for Fox assets, leaving Disney in pole position

NEW YORK: Comcast Corp said on Monday it had abandoned its bid for most of the assets of Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the US$40 billion-plus deal. “When a set of assets like Fox’s becomes available, it is our responsibility to evaluate if there is […]

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