Business

South Korea’s Hyundai Heavy Industries Holdings Co., the parent company of the world’s largest shipbuilder, said it signed a $1.2 billion deal to sell a minority stake in its oil-refining unit to Saudi Aramco, Wall […]

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President Donald Trump’s changes to the North American Free Trade Agreement would only contribute to modest economic growth and auto jobs, says a new report released on Thursday. The U.S. International Trade Commission forecasts that […]

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The world’s second-largest aluminum company, Russia’s Rusal and American holding company Braidy Industries Inc. plan to jointly produce flat-rolled aluminum products for the U.S. automotive industry in Ashland, Kentucky, Rusal’s press service said on Monday, […]

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Uber is aiming for a valuation in its impending initial public offering of as much as $100 billion, below previous expectations, as ride-hailing competitor Lyft stumbles in its early days of trading as a public company, […]

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A bipartisan group of lawmakers plans to introduce a bill to expand federal tax credits for buyers of electric vehicles, in what could be a boon for the growing EV market, CNBC writes. The existing […]

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Aramco has won about $60 billion of orders for its closely watched debut bond sale, far outstripping the $10 billion targeted by the Saudi oil giant, as investors appeared to shrug off its ambitious pricing […]

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Bitcoin climbed suddenly on Tuesday to the highest level since November, leading a surge in virtual currencies and ending three months of calm in the $160 billion market, Bloomberg informs. Traders struggled to pinpoint reasons […]

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Huawei Technologies Co. built Track AI using TensorFlow, a set of AI software tools from Alphabet Inc.’s Google. TensorFlow is also open-source, so anyone, anywhere can use it and Google can’t control access, Bloomberg informs. […]

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This week, Tesla will announce how many cars it built and sold for the quarter. It’s always a day of suspense for investors, especially after a tumultuous 2018 in which production tripled while still managing […]

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U.S. trade policies and sanctions against Russia have caused significant shifts in the composition of the country’s aluminum imports last year. After Washington introduced sanctions against Russia’s top aluminum producer Rusal last year, a sharp drop in imports of […]

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U.S.-based provider of technology, engineering and construction solutions to the energy industry McDermott International, Inc. has won a technology contract by Russia’s Irkutsk Oil for basic engineering and licensing of a 650-kiloton per annum (kta) ethylene plant, Gas World reported Wednesday. […]

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New reports suggest there are more similarities between the two crashes involving Boeing 737 Max airplanes, the latest of which happened less than two weeks ago. According to those reports, engineers involved in evaluations of […]

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Tesla’s CEO Elon Musk has never sought pre-approval for a single tweet about his company since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities […]

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U.S. stocks joined a global advance in equities sparked by China’s renewed commitment to stimulus as investors grew more confident that central banks will remain accommodative, Bloomberg reports. The S&P 500 Index headed for its […]

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The American Chamber of Commerce (AmCham), a business group representing the interests of U.S. businesses operating in the country, is planning a bilateral business dialogue event together with the Russian Union of Industrialists and Entrepreneurs (RSPP) and […]

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Iranian construction companies are to build thousands of residential units in the suburbs of Syria’s capital, Damascus, an Iranian state-run news agency has reported, Voice of America writes. Iranian Students News Agency (ISNA) recently quoted […]

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Russian companies sent nine ships carrying more than 3 million barrels of crude oil and petroleum products to the United States last week, the highest amount since 2011, McClatchy reports citing a review of the […]

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Shares in Tesla could fall by a fifth in value if the U.S. Securities and Exchange Commission’s latest attack on Chief Executive Officer Elon Musk sees the regulator again push for his removal, according to […]

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