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U.S. refiners face severe labor shortage for deferred maintenance

December 29, 2016 by · Leave a Comment 

(Reuters) – After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017 – but facing a severe labor shortage that could delay work, drive up costs and raise accident risks.

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U.S. refiners face severe labor shortage for deferred maintenance

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U.S. mortgage rates rise to highest levels in over two years: MBA

December 7, 2016 by · Leave a Comment 

NEW YORK (Reuters) – Interest rates on U.S. fixed-rate mortgages rose to their highest levels in more than two years, sending weekly home loan application activity to its weakest since early January, Mortgage Bankers Association data released on Wednesday showed.

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U.S. mortgage rates rise to highest levels in over two years: MBA

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Trump defends Boeing tweet, says companies shouldn’t worry

December 7, 2016 by · Leave a Comment 

WASHINGTON (Reuters) – U.S. President-elect Donald Trump on Wednesday defended his direct interventions with companies, including making statements on Twitter, saying businesses will benefit from his actions and his upcoming term in office.

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Trump defends Boeing tweet, says companies shouldn’t worry

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Exclusive: In mammoth task, BP sends almost three million barrels of U.S. oil to Asia

December 7, 2016 by · Leave a Comment 

Oil major BP is shipping almost three million barrels of U.S. crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts. BP's efforts, involving one of the world's longest sea routes, seven tankers and a series of ship-to-ship transfers, underscore a desire among oil traders to develop new routes to sell swelling supplies of cheap…

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Exclusive: In mammoth task, BP sends almost three million barrels of U.S. oil to Asia

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South Korea orders battery safety measures for Samsung Note 7

September 22, 2016 by · Leave a Comment 

South Korea said on Thursday it ordered Samsung Electronics Co Ltd to take additional measures to ensure that batteries used in Galaxy Note 7 handsets are safe, as the firm prepares to resume sales of the smartphone in South Korea. The firm is already issuing replacement devices using what it says are safe batteries in

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South Korea orders battery safety measures for Samsung Note 7

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Yahoo set to confirm massive data breach: Recode

September 22, 2016 by · Leave a Comment 

(Reuters) – Yahoo Inc will confirm this week a massive data breach of its service, technology news website Recode reported on Thursday, citing several sources close to the situation.

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Yahoo set to confirm massive data breach: Recode

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KDB to extend $45 million credit line to help unload Hanjin cargo

September 22, 2016 by · Leave a Comment 

Korea Development Bank (KDB), the lead creditor of Hanjin Shipping Co Ltd said on Thursday it will offer a 50 billion won ($45 million) credit line to help Hanjin unload stranded cargo. The credit line is to be used only when all available funds from Hanjin Shipping, top shareholder Korean Air Lines, Hanjin Group's

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KDB to extend $45 million credit line to help unload Hanjin cargo