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Business 17 Apr 2019 | 5:54 AM

Opec risks gambling away success again as US$80 oil looms

LONDON: After managing to revive oil prices through production cutbacks, Opec now risks squandering its victory again by letting crude surge too high.

Corporate News 28 Mar 2019 | 12:00 AM

Trump vows ‘excellent’ deal

WASHINGTON: US and Chinese officials resume high-level trade talks this week as they close in on a deal that could just be the first step in the long road to economic peace.

Markets 13 Mar 2019 | 10:43 PM

Oil price up after US crude stock draw, supply growth seen easing

NEW YORK: Oil futures rallied about 2 percent on Wednesday as U.S. crude inventories unexpectedly fell and an official forecast of crude oil supply growth from the world's top producer was revised lower

Commodities 07 Mar 2019 | 11:17 PM

Malaysia's Petronas grows freely, Indonesia's Pertamina hobbled by Govt intervention

JOHOR, Malaysia/JAKARTA: On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia's Petronas is starting up a state-of-the art petroleum processing hub, called RAPID

Business 07 Mar 2019 | 7:08 AM

Unlikely twins and differing fortunes: Malaysia’s Petronas & Indonesia’s Pertamina

JOHOR, Malaysia/JAKARTA: On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia’s Petronas is starting up a state-of-the art petroleum processing hub, called RAPID.

Corporate News 27 Feb 2019 | 8:41 AM

Wingardium Leviosa! Harry Potter magic helps Lego lift sales

COPENHAGEN: Harry Potter and Star Wars building sets helped Lego return to growth in 2018, along with strong sales in China, where the privately-owned Danish toymaker plans to open new stores.

Markets 25 Jan 2019 | 10:42 PM

Oil price climbs on Venezuelan crisis despite surging US supply

NEW YORK: Oil prices edged higher on Friday as political turmoil in Venezuela threatened to tighten crude supply, but concerns over surging U.S. fuel stocks and global economic woes weighed on sentiment.

Business 18 Jan 2019 | 12:19 PM Premium

Consumer giants spurn risks to chase online subscribers

LONDON (Reuters): Major consumer companies including Unilever, Procter & Gamble and Nestle are chasing consumers who want food and household goods delivered automatically, even though this kind of business has not always worked.

Markets 17 Jan 2019 | 11:18 PM

Oil price recovers some losses, but trade and supply worries dominate

NEW YORK: Oil prices steadied on Thursday, boosted by a rebound in U.S. equities, after earlier losses on fears about surging U.S. crude production and a weakening global economy.

Corporate News 16 Dec 2018 | 4:39 AM

Uber aims to shed troubled past in pre-IPO peace-making bonanza

SAN FRANCISCO: Uber Technologies Inc.’s quiet resolution this week of allegations that it put thousands of women at risk of sexual assault by their drivers is just the latest move by the ride-hailing giant to lessen its legal exposure as it speeds toward an initial public offering.