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Markets

Citgo, Aruba reach deal to transfer control of refinery to island government

U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island's government, Citgo said late on Saturday, after the two parties last year suspended a contract to overhaul the facility.

Markets

South Korea’s Samsung Electronics closes mobile device plant after coronavirus case confirmed – Yonhap

Samsung Electronics shut one of its mobile device factories in South Korea after a worker tested positive for the coronavirus, the Yonhap news agency reported, citing a company official.

Markets

American Airlines suspending flights to Milan after US travel warning

American Airlines Inc will suspend all U.S. flights to Milan, the airline said late on Saturday, just hours after the U.S. State Department said it was raising its travel warning for parts of Italy due to the coronavirus outbreak.

Markets

Venezuela revamps PDVSA leadership after Maduro launches restructuring

Venezuela has named new vice presidents for four units of state oil company PDVSA, as well as a new president for the unit that handles joint ventures with private oil companies, PDVSA said on Saturday.

Markets

Commentary: COVID-19 outbreak will reshape China’s national priorities

The COVID-19 outbreak has created huge shifts in how businesses operate and social priorities in the country, say Andrew Sheng and Xiao Geng

Markets

Commentary: Challenges facing the Singapore Exchange not named COVID-19

The SGX has pursued a multi-asset strategy but faces greater competition from other regional stock exchanges, says the Singapore University of Social Sciences’ Tan Eng Joo.

Markets

Commentary: Hong Kong Budget gives city fighting chance of making it out of crisis

Hong Kong government’s budget aims to keep businesses cash flow positive while boosting consumption. Strong fundamentals mean that once external threats to Hong Kong’s economy disappear, it will bounce back, says Maggie Hu.

Markets

Toyota plans new US$1.2 billion EV plant in Tianjin with FAW: Document

Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed.

Markets

Elliott targets Twitter, seeking CEO Dorsey’s removal – sources

Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company's chief executive, Jack Dorsey, two people familiar with the matter said on Friday.

Markets

Elliott built a stake in Twitter, is pushing for changes – sources

Activist hedge fund Elliott Management, which often pushes technology companies to improve operations, has built a stake in Twitter Inc and is pushing for changes, including removing the chief executive officer, two people familiar with the matter said on Friday.

Markets

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