Oil dips on rising U.S. crude inventories and production

Trucking News
20 Sep by

Oil dips on rising U.S. crude inventories and production

Oil dips on rising U.S. crude inventories and production

Oil markets dipped on Thursday, weighed down by rising U.S. crude inventories and production as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home. Brent crude futures (LCOc1), the international benchmark for oil prices, were at $56.13 a barrel at 0134 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $50.68 per barrel, down 1 cent from the last settlement.


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Trucking News
20 Sep by

Dollar shines, Asia shares slip after Fed signals December rate hike

Dollar shines, Asia shares slip after Fed signals December rate hike

The U.S. dollar shone while Asian shares slipped on Thursday after the U.S. Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year. MSCI's broadest dollar-denominated index of Asia-Pacific shares outside Japan was down 0.4 percent, shrugging off slight gains on Wall Street.South Korea's Kospi was down 0.2 percent, while Australia shed 0.9 percent. Japan's Nikkei gained 0.8 percent as a rise in U.S. bond yields lifted financial shares, while the yen's fall against the dollar after the Fed's decision helped exporters.


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Trucking News
Trucking News
20 Sep by

Western Digital takes legal step to stop Toshiba memory investment

The new arbitration requests, filed in the International Court of Arbitration that oversees the companies' agreement, seeks to stop Toshiba from investing in the so-called Fab 6 facility in Yokkaichi, Japan, unless Western Digital's subsidiary Sandisk is also allowed to invest. The court, a branch of the International Chamber of Commerce, is an institution for the resolution of international commercial disputes.


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Trucking News
Trucking News
20 Sep by

Google to buy part of HTC’s smartphone operations for around $1 bln -source

HONG KONG/TAIPEI, Sept 21 (Reuters) - Alphabet Inc's Google is set to announce a deal to acquire part of Taiwanese firm HTC Corp's smartphone operations for about $1 billion, a source with direct knowledge of the matter said on Thursday. The deal will not involve the purchase of a direct stake and HTC will continue to run its remaining smartphone business, the source said, declining to be named as the information has not been publicly announced.


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Trucking News
20 Sep by

Google to buy part of HTC’s smartphone operations for around $1 billion: source

Google to buy part of HTC's smartphone operations for around $1 billion: source

HONG KONG/TAIPEI (Reuters) - Alphabet Inc's (GOOGL.O) Google is set to announce a deal to acquire part of Taiwanese firm HTC Corp's (2498.TW) smartphone operations for about $1 billion, a source with direct knowledge of the matter said on Thursday. The deal will not involve the purchase of a direct stake and HTC will continue to run its remaining smartphone business, the source said, declining to be named as the information has not been publicly announced. HTC shares were on a trading halt on Thursday.


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