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Exxon shuts Papua New Guinea plant to inspect quake damage

Bloomberg Exxon Mobil Corp. has shut production platforms and a processing plant in the highlands of natural gas exp-orter Papua New Guinea after an earthquake struck the Pacific nation. The US oil giant closed the facilities to assess damage from a magnitude 7.5 earthquake early on Monday morning, it said in a statement. Administrative buildings, living quarters and a mess ...

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Samsung, in test for heir Lee, responds to iPhone X with S9

Bloomberg Samsung Electronics Co. grabbed centre stage in Barcelona at Mobile World Congress with the unveiling of its latest flagship handset: the Galaxy S9. The South Korea-based technology giant is banking on new features such as augmented reality-based emojis, camera upgrades, and stereo speakers in a form-factor similar to 2017’s model to take on Apple Inc.’s iPhone X. It also ...

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College grads set for higher pay in Japan

Bloomberg Major Japanese brokerages are set to raise pay for newly hired college graduates this year as competition for talent intensifies amid a rebound in retail business and a chronic labour shortage. Daiwa Securities Group Inc. plans to increase base salaries for the 600 school-leavers starting in April from the 245,000 yen ($2,300) a month their predecessors got a year ...

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