FinanceAssociated Press•4 hours agoInsider Q&A: General Motors learning the rental business
General Motors Co. started its car-sharing service, Maven, just over a year ago, placing Chevrolets and Cadillacs in New York apartment buildings for occupants to rent. Maven is still working with apartment dwellers, but it is also offering hourly and daily rental cars in 17 North American cities. It also offers Maven Gig, a service that lets people rent cars to do odd jobs, like ride-hailing for Lyft or delivering food for GrubHub.
- BusinessBloomberg•9 hours ago
With Some Countries, China Is in the Red
China’s big trade surpluses hog all the headlines, but imbalances go both ways. South Korea’s $72.2 billion surplus with the People’s Republic in fact tops a list of more than 40 nations that export more to the country than they import from it, followed by Switzerland and Australia, data compiled by Bloomberg show. Imports by the world’s biggest exporter show how its humming factories prop up other economies - and for some of those, what’s on the line should they find themselves involved with territorial disputes or geopolitical tensions with one of their biggest customers. In Asia, South Korea and Malaysia are among the most vulnerable to China’s economic arm-twisting, while Japan and Vietnam look relatively immune, according to Bloomberg Intelligence estimates based on their trade surpluses with China as a share of total output.
- BusinessBloomberg•7 hours ago
Shell Loads Oil in Libya for the First Time in Five Years
Royal Dutch Shell Plc, the world’s largest oil trader, is said to have loaded its first crude from Libya in five years over the weekend, adding to evidence of the OPEC nation’s comeback. The cargo on Saturday is for 600,000 barrels of crude from the Zueitina port, according to two people familiar with the matter who asked not to be identified because the information is private. A Shell spokesperson declined to comment on the shipment, but said the company’s Shell International Trading & Shipping “has a history marketing Libyan crudes. We welcome new business opportunities with Libya’s National Oil Corp.” Mustafa Sanalla, chairman of the NOC, didn’t answer phone calls seeking comment. Libya this
