SINGAPORE (Reuters) – Exxon Mobil Corp said on Thursday it has delivered the first sustainable aviation fuel (SAF) cargo to Changi Airport, as part of a one-year pilot programme to test the new fuel for planes. The cargo is a blend of fossil-based refined jet fuel from ExxonMobil’s Singapore integrated refining and petrochemical complex and…
HONG KONG (Reuters) – Shares in Macau’s Suncity Group Holdings Ltd were set to open 114% higher on Thursday after resuming trading with its Executive Director Andrew Lo becoming the company’s new majority shareholder. The company’s previous chairman faces charges including illegal gambling and money laundering. (Reporting by the Hong Kong newsroom; Editing by Jacqueline…
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar will remain strong for at least the next three months due to aggressive Federal Reserve interest rate rise expectations and safe-haven appeal stemming from global recession fears, a Reuters poll of foreign exchange analysts showed. The recent sell-off in risk assets and bond markets is also…
SEOUL (Reuters) – Samsung Electronics Co Ltd reported a likely 11% jump in quarterly operating earnings on Thursday as lingering demand for its memory chips from server customers offset lower sales to inflation-hit smartphone makers. The world’s largest memory-chip and smartphone maker estimated its profit rose to 14 trillion won ($10.73 billion) in the three…
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Netflix Inc said on Wednesday it is developing a spin-off of science fiction series “Stranger Things” as the streaming service works to build its biggest English-language hit into a broad entertainment franchise. The new series will be based on an original idea from Matt and…
By Daphne Psaledakis and Arshad Mohammed WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on a network of Chinese, Emirati and other companies that it accused of helping to deliver and sell Iranian petroleum and petrochemical products to East Asia, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal. The U.S….
By Allison Lampert MONTREAL (Reuters) -Air Canada said on Wednesday it will not allow animals in the baggage hold until Sept. 12 due to “longer than usual” delays at airports, as carriers and airports wrestle with complaints over lost luggage and long lines. Airlines in Europe, the United States and Canada are cancelling and delaying…
By Toby Sterling and Jeffrey Dastin (Reuters) -Amazon.com Inc has secured the right to buy a 2% stake in Just Eat Takeaway.com’s Grubhub and will offer no-fee access to the service for a year to U.S. Prime members, hoping to boost subscriptions with a renewed push into meal delivery. Announced ahead of Amazon’s July “Prime…
(Reuters) -The U.S. Food and Drug Administration is looking at ways to allow overseas manufacturers of baby formula to keep selling in the country beyond the current shortage, the health regulator said on Wednesday. To ease the nationwide infant formula shortage, the FDA in May said it would allow baby formula imports until Nov. 14,…
WASHINGTON (AP) — Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it. The policymakers also acknowledged, in minutes from their June 14-15 meeting released Wednesday, that their rate hikes could weaken the economy….
