Business News

• Climate change pushes investors to take their temperature January 20, 2020
  Move over revenue growth and dividend payouts: it's time to take your portfolio's temperature.
• Asia shares pause near high ground, oil jumps on Libya shutdown January 20, 2020
  Asian shares held near a 20-month top on Monday even as investors took some money off the table following a strong run recently, while oil jumped to more than a one-week high after two large crude production bases in Libya began shutting down.
• Subaru sets mid-2030s target to sell only electric vehicles worldwide January 20, 2020
  Japan's Subaru Corp set a target on Monday for all the vehicles it sells worldwide to be electric by the first half of the 2030s, in a move toward its long-term goal of a carbon-free society.
• Oil jumps to highest in more than a week after Libyan shutdowns January 20, 2020
  Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.
• Samsung appoints new mobile chief as Huawei chips away at market share January 20, 2020
  Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd.
• Guoxuan says in talks with Volkswagen, hasn't reached binding agreement January 20, 2020
  Guoxuan High-Tech Co Ltd is in talks with Volkswagen AG for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday.
• A thousand EU financial firms plan to open UK offices after Brexit January 20, 2020
  More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday.
• Airbus unit to offer product to help airlines with revenue volatility January 20, 2020
  A subsidiary of Airbus , the world’s largest planemaker, is preparing to launch a financial product aimed at helping its airline customers hedge against risks to revenue, officials said.
• IEA warns oil companies doing nothing on emissions is not an option January 20, 2020
  Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday.
• CEO says Bank of America aims to 'double' its U.S. consumer market share: FT January 19, 2020
  Brian Moynihan, the chief executive officer of Bank of America Corp , has said the bank could double its consumer market share in the United States despite fears about the power of the country's largest banking institutions.