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China's Sinopec lifts upstream capex to four-year high, plans record crude runs

Asia's top refiner China Petroleum & Chemical Corp (Sinopec) boosted spending on exploration and production by 41 percent last year as crude oil reserves tumbled at its biggest oilfield.
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Delhivery raises $413 million in Softbank-led funding

Indian supply chain solutions company Delhivery has raised fresh investment of $413 million in a financing round led by the Softbank Vision Fund, they said in a joint statement on Sunday.
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Oman oil minister excited to be part of Sri Lanka oil refinery project

Oman's oil minister said on Sunday he was excited to be part of a Sri Lanka oil refinery project in a sign that plans for the sultanate's involvement may be back on track.
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China central bank head says country to step up oversight of systemically important financial firms

China will increase oversight of systemically important financial institutions and holding companies as the country opens up its financial sector, Central Bank Governor Yi Gang said on Sunday.
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Ethiopian Airlines defends its Boeing planes after deadly crash

The chief executive of Ethiopian Airlines has rejected media reports that optional equipment for Boeing 737 MAX planes was critical for safety aboard a flight that crashed this month.
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Germany to inject more money into Deutsche Bahn rail network - Bild

The German government wants to inject some 50 billion euros ($57 billion) into upgrading the national rail network over the next decade, mass-selling Bild newspaper reported on Sunday.
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Austria's OMV and ADNOC to cooperate on petrochemical projects

Energy group OMV and Abu Dhabi National Oil Company (ADNOC) have agreed to cooperate in the petrochemical sector and to explore opportunities to make use of OMV's recycling expertise, the Austrian company said.
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Wall Street Week Ahead: Doubts increase that Q1 will be earnings low point

As Wall Street braces for what may be the first U.S. profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings.
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Oman oil minister says excited to be part of Sri Lanka oil refinery project

Oman oil minister Mohammed bin Hamad Al Rumhy said on Sunday he was excited to be part of the planned Sri Lanka oil refinery project on the south coast of the island.
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China refuses to concede on U.S. demands to ease curbs on tech firms - FT

Ahead of fresh high-level trade talks this week, China is not conceding to U.S. demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions.
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U.S. airlines visit Boeing as FAA awaits 737 MAX upgrades

Teams from the three U.S. airlines that own 737 MAX jets headed to Boeing Co's factory in Renton, Washington, to review a software upgrade on Saturday, as U.S. regulators prepared to receive and review the fixes in coming weeks.
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China state planner says will continue reform in oil, rail and electrity

China will continue reform of railway, oil and gas, and electricity industries and cut overcapacity in others, a vice chairman of the state planner said on Sunday.
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Factbox: Italy signs deals worth 2.5 billion euros with China

Italy signed a preliminary accord with China on Saturday that makes it the first country of the Group of Seven industrialised nation to join the Chinese Belt and Road infrastructure project.
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Turkish watchdogs to probe JP Morgan after lira plunge

Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday.
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China confident of achieving key 2019 economic targets, vice premier says

China's economy may face a more challenging environment this year but the government is nevertheless confident of achieving its key 2019 targets, Vice Premier Han Zheng said on Sunday.
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U.S. airlines prepare for 737 MAX tests, Southwest parks jets near desert

Teams from the three U.S. airlines that own 737 MAX jets were heading to Boeing Co's factory in Renton, Washington, to review a software upgrade on Saturday, even as Southwest Airlines Co began parking its 34 MAXs near the California desert.
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Turkish watchdog to investigate JP Morgan, other banks: Anadolu

Turkey's banking watchdog has launched an investigation into JP Morgan over complaints about a report it published on Friday, state-owned Anadolu news agency said on Saturday.
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Ireland promises 'substantial' aid to farmers in no-deal Brexit

Ireland's agriculture minister Michael Creed on Saturday promised farmers a "substantial" aid package if they suffer losses as a result of new UK tariffs under a no-deal Brexit.
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Ex-Autonomy CEO Lynch denies new U.S. charges against him

British entrepreneur Mike Lynch vigorously denies new U.S. criminal charges against him, his spokesman said on Saturday ahead of a court case over the sale of his firm Autonomy which will begin in London next week.
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U.S.'s Lighthizer, Mnuchin to travel to China for trade talks: White House

United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for the latest round of high-level trade talks scheduled to start on March 28, the White House said in a statement on Saturday.
Tags: businessNews


China to cut time for patent review by 15 percent: Xinhua

China will reduce the time needed for patent review by at least 15 percent in 2019, the Xinhua news agency reported on Saturday.
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Sri Lankan officials say Oman minister has arrived for refinery project launch

Oman's oil minister arrived in Sri Lanka on Saturday to participate in the launching of a $3.85 billion oil refinery project, government officials in Colombo said, three days after Oman said it had not yet agreed to invest in the facility.
Tags: businessNews


Italy signs deals with China worth 2.5 billion euros, more to come: Di Maio

Italy signed deals worth 2.5 billion euros ($2.8 billion) during Chinese President Xi Jinping's visit to Rome, Deputy Prime Minister Luigi Di Maio said on Saturday, adding that the value of the contracts could rise to 20 billion.
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Karnataka open for talks with Uber rival Ola over ban

Karnataka kept the door open on Saturday to talks with local ride-hailing service Ola to avoid a ban that could help rival Uber build market share.
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Italy endorses China's Belt and Road plan in first for a G7 nation

Italy endorsed China's "Belt and Road" infrastructure project on Saturday, the first Group of Seven industrialised power to do so, as Rome brushed off worries among its Western allies in a bid to revive the flagging Italian economy.
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Citi fires eight Hong Kong traders after review finds misconduct - sources

Citigroup Inc has fired eight bankers and suspended three others from its equities trading desk in Hong Kong after an internal probe revealed misconduct in their dealings with clients, people with knowledge of the matter said.
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Tanzania to conclude talks for delayed LNG project in September 

Tanzania says it plans to conclude talks in September with a group of foreign oil and gas companies led by Norway's Equinor on developing a liquefied natural gas (LNG) project in the East African country.
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China studies new round of financial sector opening -official

China's banking and insurance regulator is studying a new round of opening measures for the country's financial sector, aiming to achieve the dual goals of greater access as well as stability, a senior official at the regulator said on Saturday.
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AT&T, Viacom continue contract negotiations past deadline

MTV, Nickelodeon, Comedy Central and other Viacom Inc channels were still available on AT&T Inc's DirecTV satellite TV service on early Saturday morning as the companies continued to hash out a new carriage contract.
Tags: businessNews


Apple's Cook to China: keep opening for sake of global economy

Apple chief executive Tim Cook nudged China on Saturday to open up and said the future would depend on global collaboration, as the United States and China remained locked in a bitter trade dispute.
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