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23 Jan, 2021
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Category: Business

U.S. energy exports to climb as China pledges ramp-up in purchases

January 22, 2020January 16, 2020 wakingrem

U.S. oil and gas exports should jump over the next two years if China fulfills its pledges to increase energy purchases under the trade deal between the world’s two largest economies signed on Wednesday, executives and traders said. The accord Read more

Business

Dow closes above 29,000 after China and U.S. sign trade truce

January 21, 2020January 16, 2020 wakingrem

The Dow ended above 29,000 for the first time on Wednesday and the S&P 500 also closed at a record high after the United States and China signed a Phase 1 trade agreement and pledged to resolve a tariff dispute Read more

Business

Oil down slightly after U.S.-China trade deal, U.S. product build

January 20, 2020January 16, 2020 wakingrem

Oil prices were down slightly on Wednesday, pressured early by data showing big increases in U.S. refined products but recovered some of the losses later by the signing of a Phase 1 trade deal between Washington and Beijing. Brent LCOc1 Read more

Business

Airbus sales chief says no need to cut production of A330neo

January 19, 2020January 16, 2020 wakingrem

Airbus (AIR.PA) sees enough demand for its wide-bodied A330neo passenger jet to keep production stable, Chief Commercial Officer Christian Scherer told Reuters on Wednesday. With some airlines seen unlikely to take delivery of all the jets they have ordered, there Read more

Business

South Africa’s Telkom could cut 3,000 jobs: letter to unions

January 18, 2020January 16, 2020 wakingrem

South African telecoms company Telkom SA (TKGJ.J) told unions on Wednesday it could cut up to 3,000 of more than 15,000 staff as it struggles with declining performance in fixed voice and fixed data services. Like other African telecoms firms, Read more

Business

Pratt & Whitney expects GTF engine software update on A220 jet in spring

January 17, 2020January 16, 2020 wakingrem

A software update for the GTF engine on Airbus’ smallest jet, the A220, is expected in the spring, pending regulatory approval, a top executive at United Technologies Corp’s (UTX.N) Pratt & Whitney aircraft engine division said on Wednesday. Checks were Read more

Business

‘Phase 2’ U.S.-China trade talks have already begun: Pence

January 16, 2020 wakingrem

U.S. Vice President Mike Pence said on Wednesday that discussions had already begun on a “Phase 2” U.S.-China trade deal, hours after Washington and Beijing signed an initial trade pact that defused some tensions but left some major issues unresolved. Read more

Business

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