March, 2018

• 24 March

  ‘Hydrogen cars’ setback a blow to automakers

  

  Bloomberg If a green ride-sharing service were to flourish anywhere it would be in Munich, where you can rent no-emission cars on just about any city-centre street. And yet Linde AG is about to shut its two-year experiment with hydrogen. It’s another setback for fuel cell-powered cars against those that run on batteries. But the dirty little secret about clean ...

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• 24 March

  Despite Uber crash Florida trying to lure self-driving cars

  

  Bloomberg Florida has been trying to lure self-driving cars to the state for testing on public roads, shaping laws that are much more lax than places like California and New York. The fatal accident in Arizona, another state that’s opted for a laissez faire approach to unproven robo-cars, appears unlikely to change the state’s approach. Jeff Brandes, the Florida state ...

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• 24 March

  Saudi expects oil producers to extend output curbs into 2019

  

  WASHINGTON / Reuters OPEC members will need to continue coordinating with Russia and other non-OPEC oil-producing countries on supply curbs in 2019 to reduce global oil inventories to desired levels, Saudi Arabian Energy Minister Khalid al-Falih said. OPEC and non-OPEC countries struck a production supply agreement in January 2017 to remove 1.8 million barrels per day from global markets and ...

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• 24 March

  Asian LNG prices slide on sluggish demand, weather and N-boost

  

  LONDON / Reuters Asian spot liquefied natural gas (LNG) prices fell for a third week as above-average temperatures softened demand across North Asia and top consumer Japan resumed output from a long-shut nuclear reactor. Spot prices for May delivery slipped to about $7.10 per million British thermal units (mmBtu), 60 cents below last week’s levels, said several trade sources surveyed ...

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• 24 March

  Iraq’s southern oil exports fall for third month in March

  LONDON / Reuters Oil exports from southern Iraq have fallen by 70,000 barrels per day (bpd) this month, according to shipping data and an industry source, suggesting OPEC’s second-largest producer is heading for a third month of lower shipments. Southern Iraqi exports in the first 21 days of March averaged about 3.36 million bpd, compared to 3.43 million bpd in ...

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• 24 March

  Tata offers $5.3 billion in bid to acquire bankrupt Bhushan Steel

  

  Bloomberg Tata Steel Ltd. offered 350 billion rupees ($5.3 billion) to lenders to acquire bankrupt Bhushan Steel Ltd., said a person with knowledge of the matter. Mumbai-based Tata Steel offered an all-cash deal to the creditors, the person said, asking not to be identified because the details aren’t public. The lenders declared the steelmaker’s bid successful, subject to the company ...

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• 24 March

  Nissan curbs production at plants after misjudging slowdown in US demand

  

  Bloomberg Nissan Motor Co. is slowing production at several assembly plants to keep the supply of vehicles on US dealers’ lots in check after being caught off guard by weaker consumer demand. Japan’s second-largest automaker is aiming to have a 50- to 60-day supply of cars and trucks in August, when dealers start transitioning to sell 2019 model-year vehicles, said ...

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• 24 March

  Malaysia to woo startups with immigration policies

  

  Bloomberg When it comes to tech startup hubs in Southeast Asia, entrepreneurs sometimes look past Malaysia to the lure of Singapore’s vibrant financial centre or Indonesia’s attractiveness as the region’s largest economy. They shouldn’t, said a former Microsoft Corp. executive who’s now in charge of driving the country’s digital economy. Policy makers are serious about developing the sector that created ...

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• 24 March

  US tech bosses head for China for lobbying

  

  Bloomberg Leaders of Apple Inc., Google and other US technology giants were expected to head to China to pursue a familiar goal: To do more business in the world’s most populous nation. The effort has had mixed results, at best, in the past. With a trade war brewing between the world’s two largest economies, the goal has gotten loftier still. ...

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• 24 March

  India cites height of database centre wall as ID leak shield

  

  Bloomberg India considers ensuring timely delivery of food for millions of poor more important than heeding to concerns over privacy, the country’s top law officer said while defending the biometric identity programme. India’s Attorney General K.K. Venugopal told the Supreme Court the unique digital identity program, called Aadhaar, “an enabler” to ensure food and other subsidies reach the poor and ...

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