North Korea tensions push gold higher

Trucking News
20 Aug by

North Korea tensions push gold higher

Gold rose on Monday as tensions over North Korea fuelled safe haven demand, while doubts over U.S. President Donald Trump's ability to enact pro-business policies pushed U.S. bond yields to near two-month lows and world stocks fell. Investors were braced for North Korea's response to computer-simulated military exercises begun by South Korean and U.S. forces on Monday that will continue until Aug. 31. "Gold is being supported by the war games and the uncertainty in Washington," said Saxo Bank analyst Ole Hansen.


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Trucking News
Trucking News
20 Aug by

China's Great Wall confirms interest in Fiat Chrysler

China's Great Wall confirms interest in Fiat Chrysler

BEIJING/SHANGHAI (Reuters) - China's Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA) , a company official said on Monday, confirming earlier reports that it is pursuing all or part of the owner of brands including Jeep and truckmaker Ram. There has been speculation over Chinese interest in FCA since Automotive News reported last week that an unidentified "well-known Chinese automaker" made an offer earlier this month, triggering a jump in FCA's Milan-listed shares.


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Trucking News
20 Aug by

Sempra Energy to buy Oncor for $9.45 billion in blow for Berkshire

Sempra Energy to buy Oncor for $9.45 billion in blow for Berkshire

San Diego-based Sempra expects to own about 60 percent of a reorganized Energy Future after the transaction that is valued at $18.8 billion, including Dallas-based Oncor's debt, it said late on Sunday. The development represents a rare blow for Buffett, who avoids bidding wars for companies and had swooped in two months ago to buy Oncor after two previous attempts by Energy Future to sell it were blocked by Texas regulators.


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Trucking News
20 Aug by

China regulator says Unicom’s reform plan does not violate rules; shares surge

China regulator says Unicom's reform plan does not violate rules; shares surge

China Unicom's $11.7 billion (9.1 billion pounds) ownership reform plan does not violate rules, the nation's securities regulator said, helping shares in the telecom group's units surge as they resumed trade on Monday after speculation that the deal was under scrutiny. The deal, in which Unicom's Shanghai-listed unit will tap more than a dozen major investors, including Alibaba Group, Tencent Holdings and Baidu, for funds, had sown much confusion after it was first announced last Wednesday. China Unicom had taken down a statement from the Shanghai stock exchange last week, citing technical issues, and shares in both units remained suspended last week.


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Trucking News
Trucking News
20 Aug by

Oil dips on rising U.S. output, but drilling activity slows

Oil dipped on Monday, weighed down by rising U.S. output although a 13 percent fall in U.S. crude inventories since March indicated a gradually tightening market. Brent crude futures, the international benchmark for oil prices, were at $52.64 per barrel at 0639 GMT, down 8 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $48.47 a barrel, down 4 cents, or 0.1 percent.


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