Shell said on Monday it has agreed to sell a 26.25per cent stake in its Queensland Curtis LNG (QCLNG) facilities to Global Infrastructure Partners Australia for US$2.5 billion, helping the oil major meet its annual target for divestments.
TOKYO: Japan's cabinet approved on Monday (Dec 21) a record US$1.03 trillion budget draft for the next fiscal year starting in April 2021, the Ministry of Finance said, as the coronavirus and stimulus spending puts pressure on already dire public finances. The 106.6 trillion yen (US$1.03 trillion) ...
TOKYO: Japanese Prime Minister Yoshihide Suga's government approved a ninth consecutive rise in military spending on Monday (Dec 21), funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China's growing military power. The Ministry of Defense will ...
Oil prices slid in early trade on Monday as a fast-spreading new coronavirus strain in the United Kingdom raised concerns that tighter restrictions there and in other European countries could stall a recovery in the global economy and its need for fuel.
Congressional leaders said on Sunday that lawmakers agreed to expand payroll assistance to additional struggling local news outlets as part of a US$900 billion COVID-19 relief bill.
Lockheed Martin Corp said on Sunday that it has agreed acquire U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for US$4.4 billion, including debt and net cash.
U.S. stock futures traded sideways in Asia on Monday as investors gave a cautious welcome to news a deal had been struck on a long-awaited U.S. stimulus bill, though "difficult" Brexit talks dragged on with no agreement in sight.
Elon Musk on Sunday asked about the possibility of converting "large transactions" of Tesla Inc's balance sheet into bitcoin, according to a Twitter exchange between Musk and a well-known advocate for the digital currency.
The US is failing to get a handle on public-health challenges at a time when the economy is already weakening, says Mohamed A El-Erian.
The opportunity costs in terms of incomes and jobs make joining the Comprehensive Partnership for Trans-Pacific Partnership a top priority for the US when Joe Biden takes over, say Carlos Kuriyama and Dr Cai Daolu.
