(Reuters) – U.S. liquefied natural gas (LNG) developer Tellurian Inc <TELL.A> said on Wednesday it has appointed Simon Oxley as chief financial officer, effective June 1. Oxley, who worked at Barclays Investment Bank as co-head of Oil & Gas Investment Banking for Europe, the Middle East, and Africa, will take over from Khaled Sharafeldin, who…
By Joseph White DETROIT (Reuters) – Ford Motor Co on Wednesday unveiled the latest addition to its muscle truck franchise – a Ranger Raptor midsize pickup with a 405-horsepower engine and a suspension designed for racing across the desert, made possible in part by Ford’s electric vehicles. The Ranger Raptor, and the rest of the…
(Reuters) – Twitter Inc Chief Executive Elon Musk on Tuesday revealed details about new features including adding calls and encrypted messaging coming to the platform. Last year, Musk flagged plans for “Twitter 2.0 The Everything App”, which he said would have features such as encrypted direct messages (DMs), longform tweets and payments. “Coming soon will…
By Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS (Reuters) – Chevron Corp’s renewed oil operations in Venezuela begin a new phase next month that will boost production with the goal of accelerating a plan to recover all of the $3 billion of debt owed by the OPEC member by the end of 2025, four people close…
By Arpan Chaturvedi, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, bolstering the country’s fourth-largest carrier chances of getting back on its feet, but lessors are expected to mount legal challenges to repossess planes. The low-cost carrier, recently rebranded as Go First, was plunged…
A look at the day ahead in U.S. and global markets from Mike Dolan The Federal Reserve’s willingness to end its interest rate rise campaign here hinges just a few high-frequency data points over the months ahead – and April’s inflation readout sits high on that list. With markets edgy about the U.S. debt ceiling…
NEW DELHI (Reuters) – Pratt & Whitney plans to oppose Go Airlines (India) Ltd’s push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delaware court filing showed. The airline, widely known as Go First, approached the Delaware court after it won an arbitration order in Singapore against…
By Bernadette Christina and Stefanno Sulaiman JAKARTA (Reuters) – Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an early sign that electric vehicle (EV) adoption is gaining traction in Southeast Asia’s largest economy. Effective from April, Indonesia cut the value-added tax (VAT) on electric…
SHANGHAI (Reuters) -BYD Co Ltd on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s largest auto market with lower-priced products. The company replaced its line-up of the model with five new versions. That includes a rear-wheel…
By Svea Herbst-Bayliss NEW YORK (Reuters) -Proxy advisory firm Institutional Shareholder Services (ISS) on Tuesday backed ValueAct Capital’s boardroom challenge at Japanese convenience store operator Seven & i Holdings by recommending shareholders elect all four of the U.S. investment firm’s director candidates. ValueAct, which owns 4.4% of Seven & i, has long criticized the company’s…
