Concern over oil supplies from Iraq has pushed crude prices higher as the country's government continues its move against Kurdish forces. The price of Brent crude rose 1.6% to $58.12 a barrel, while US West Texas Crude climbed 1.4% to $52.16. Iraq has the second largest output in the Opec oil producers'
The Weinstein Company is in talks over a possible sale to a private equity firm. The company said it had entered a preliminary agreement with Colony Capital over the potential sale of all or a significant portion of its assets. The Weinstein Company was co-founded by Harvey Weinstein, the Oscar-winning film producer
Air Liquide and Al-Futtaim Motors inaugurate the first hydrogen station in Dubai, United Arab Emirates Air Liquide and Al-Futtaim Motors jointly inaugurated the first hydrogen station in Dubai, United Arab Emirates. This station, designed and installed by Air Liquide, will support the deployment of zero-emission fuel cell electric vehicles (FCEVs) in
It's the latest big scandal to rock corporate Japan. Kobe Steel (KBSTY), a century-old industrial giant, has admitted to falsifying data on products sold to top customers like Boeing (BA) and Toyota (TM). It says as many as 500 companies could be affected, including manufacturers of Japan's famous bullet trains. Reported on
Japan's Kobe Steel has increased the number of firms it says have been affected by its data fabrication scandal from 200 to 500. Reported on BBC. It also said it had found "inappropriate actions" relating to nine more products, including falsifying data. Earlier this week, Kobe admitted falsifying quality data on some
The head of the City regulator has admitted meeting oil giant Saudi Aramco over a potential £1.5 trillion listing on the London Stock Exchange. Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), said discussions with the world's biggest oil firm were held early this year. The regulator has been criticised
It's a day of contrasts for Samsung. The company forecast bumper quarterly earnings on Friday, putting it on track to post a record operating profit for the period. But it also announced the resignation of a key executive, Kwon Oh-hyu. Samsung (SSNLF) expects sales in the three months ended September 30 to