Fri01202017

LAST_UPDATEFri, 20 Jan 2017 10pm

Oil Rises On Weaker Dollar, U.S. Production Outlook Caps Gains

Pic: ReutersOil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output.

Read more: Oil Rises On Weaker Dollar, U.S. Production Outlook Caps Gains

Capital Curbs Push Chinese Firms To Risky, Costly Dollar Bonds

SHANGHAI: China’s efforts to support its currency and cool its hot property market are encouraging more Chinese companies, including many state firms, to take on extra cost and risk by raising foreign-currency bonds in Hong Kong and other offshore locations.

Read more: Capital Curbs Push Chinese Firms To Risky, Costly Dollar Bonds

Toshiba In Talks To Sell Chip Business Stake To Western Digital: Source

Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday.

Read more: Toshiba In Talks To Sell Chip Business Stake To Western Digital: Source

Bayer, Monsanto Confirm Spending Plans After Meeting Trump

Bayer and Monsanto said on Tuesday they would spend at least half of their agriculture research and development budget in the United States over the next six years, following a meeting with President-elect Donald Trump last week.

Read more: Bayer, Monsanto Confirm Spending Plans After Meeting Trump

Perodua Lowers Sales, Market Share Targets For 2017

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua), which sold over 207,100 vehicles in 2016 with a record market share of 35.7%, has lowered its targets for 2017.

Read more: Perodua Lowers Sales, Market Share Targets For 2017

Asia Stocks Up As Trump's Dollar Comment Boosts Exporters; Sterling Shines

Pic: Reuters

HONG KONG: Asian stock markets held near three-month highs on Wednesday as investors scooped up exporter shares after U.S. President-elect Donald Trump expressed concerns over a stronger dollar.

Read more: Asia Stocks Up As Trump's Dollar Comment Boosts Exporters; Sterling Shines

Deutsche Bank CEO Apologizes For Conduct In Toxic Mortgages Case

Deutsche Bank's (DBKGn.DE) chief executive apologized on Tuesday for the bank's selling and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis, which prompted a $7.2 billion settlement with the United States.

Read more: Deutsche Bank CEO Apologizes For Conduct In Toxic Mortgages Case

HP Enterprise To Buy Cloud Software Company Simplivity

Hewlett Packard Enterprise Co (HPE.N) said on Tuesday it would buy privately held cloud software company SimpliVity for $650 million in cash, as it looks to expand in the fast-growing market for hybrid cloud platforms.

Read more: HP Enterprise To Buy Cloud Software Company Simplivity

Oil Majors, Car Makers To Push Hydrogen Technology To Help Cut Emissions

The heads of some of the world's biggest oil firms and automakers agreed on Tuesday to push for broader global use and bigger investments in using hydrogen to help reduce emissions and arrest global warming.

Read more: Oil Majors, Car Makers To Push Hydrogen Technology To Help Cut Emissions

General Motors Says To Invest Additional $1 Billion In U.S.

General Motors Co (GM.N) on Tuesday confirmed it will invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier.

Read more: General Motors Says To Invest Additional $1 Billion In U.S.