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Shipping fuel change to upend refining; threaten OPEC crudes

  Reuters A switch to cleaner fuels in the world’s ships in 2020 could double the profits of the world’s most advanced oil refineries — but threatens to put older ones out of business and punish those countries, including prominent OPEC members, that produce the wrong kind of crude. In less than four years, ships worldwide will have to cut ...

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May’s India outreach falters over migration rules

  Bloomberg UK Prime Minister Theresa May clashed with her Indian counterpart Narendra Modi over migration rules and failed to arrange a meeting with senior figures at Tata Group in a double blow to her three-day visit to India. Modi called on Britain on Monday to support more Indian students who want to enroll at universities in the U.K, as ...

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Nissan profit falls 16% on stronger Yen

  Bloomberg Nissan Motor Co. reported a 16 percent drop in second-quarter profit and predicted that industry demand in the U.S. and China, its two largest markets, will slow. Net income declined to 146.1 billion yen ($1.4 billion) in the three months through September, as a stronger yen eroded overseas earnings and U.S. discounts increased, the automaker said on Monday. ...

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