January, 2018

• 6 January

  OPEC oil cut adherence rises in December as Venezuela output slides

  

  LONDON / Reuters OPEC deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts by Gulf exporters, a Reuters survey found, showing strong commitment to the deal despite higher prices. Adherence to the curbs rose to 128 percent from 125 percent in November, the survey found. The Organization of the …

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• 6 January

  Aramco cuts February oil pricing to US

  

  Bloomberg Saudi Arabia cut February pricing for most of its crude sales to the US for a second month even as the world’s largest oil exporter ships record-low volumes to American buyers in an effort to help trim a global glut. While producers often reduce prices to stimulate sales, Saudi Arabia is cutting shipments to the US market to help …

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• 6 January

  Spanish firm in talks for mega power deal in Brazil

  Bloomberg Siemens Gamesa Renewable Energy SA is in final negotiations to supply about 700 megawatts of wind turbines for power plants in Brazil, according to people familiar with the talks. The deals are to supply equipment for projects that Voltalia SA, EDP Renovaveis SA, Enel Green Power SpA, and Neoenergia SA are developing in northeast Brazil, according to the people, …

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• 6 January

  Key oil market indicator shows industry tightest in 3 years

  

  Bloomberg One of the key gauges of oil market strength hasn’t looked this good for bulls since 2014. West Texas Intermediate futures closest to expiry are trading at the biggest premium to the next month in more than three years, as inventories plunge at the key storage hub of Cushing, Oklahoma. Stockpiles at Cushing — the delivery point for WTI …

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• 6 January

  Natural gas in US soars 60-fold amid icy squeeze in Northeast

  Bloomberg Natural gas surged to 60 times the going rate as howling blizzard conditions stoked demand for the furnace fuel across the US Northeast. Spot prices for the fuel used to heat homes and generate power reached a record $175 per million British thermal units in New York, according to Consolidated Edison Inc. That’s a far cry from the $2.93 …

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• 6 January

  Amzon’s Alexa-enabled digital glasses to make debut

  

  Bloomberg The first augmented-reality glasses with Amazon’s Alexa voice assistant will be shown next week at CES in Las Vegas—manufactured by a 75-employee company rather than the e-commerce giant’s growing devices division. Vuzix Corp. will show off a pair of smart glasses that can talk to Amazon.com Inc.’s voice-activated digital assistant and display information to the wearer’s field of view, …

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• 6 January

  IBM, Comcast Ventures back blockchain startup fund

  

  Bloomberg International Business Machines Corp. and Comcast Corp.’s venture arm will become the largest supporters of an investment fund for startups that help corporations use blockchain, the digital ledger that’s become a hot technology. The startup accelerator, called MState, plans to invest $25,000 to $50,000 apiece in five or six companies over the next six months, co-founder Rob Bailey said. …

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• 6 January

  Samsung’s ex-strategy chief Chi takes on GM, Google in robot taxis

  

  Bloomberg In the future of transportation, what would you get if you mixed the business models of Tesla Inc., Google and Samsung Electronics Co. with the budget of the world’s fifth-biggest automaker? Youngcho Chi is about to find out. Hired from Samsung, Chi has assembled a team of 200 strategists and researchers at Hyundai Motor Co., the 50-year-old South Korean …

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• 6 January

  Nissan cars with B2V tech to read your mind

  

  Bloomberg The world’s biggest carmakers and technology companies are spending billions of dollars to perfect your ability to drive without thinking. Nissan Motor Co. is taking a different direction—trying to “decode” your thinking so hands-on driving is more fun. The Japanese company will unveil and test its “brain-to-vehicle” technology at next week’s Consumer Electronics Show in Las Vegas. The “B2V” …

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• 6 January

  HNA weighs sale of two office buildings in London’s Canary Wharf

  

  Bloomberg HNA Group Co. has approached brokers about the possible sale of two office buildings in London’s Canary Wharf financial district as it seeks to shed assets and cut its debt burden, two people with knowledge of the discussions said. The Chinese conglomerate has sought advice from brokers on the value of 30 South Colonnade and 17 Columbus Courtyard with …

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