April, 2017

• 3 April

  Euro-area unemployment falls to lowest level in 8 yrs

  

    Reuters Euro-area unemployment fell to the lowest in almost eight years and a measure of manufacturing accelerated as factories in the region’s biggest economies benefited from improving global growth. The average jobless rate declined to 9.5 percent in February from 9.6 percent in January. It’s been decreasing steadily from a peak of more than 12 percent in 2013 and ...

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• 3 April

  BP sells key North Sea pipeline system to Ineos for $250 mn

    Reuters BP Plc agreed to sell the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea, to Ineos AG for $250 million. Ineos will make a cash payment of $125 million on completion and transfer a share of future earnings up to $125 million over seven years, BP said in a statement ...

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• 3 April

  GM Motors, Ford miss estimates as car models plunge despite huge discounts

    Bloomberg General Motors Co. and Ford Motor Co. reported US sales that missed estimates as heavy incentive spending failed to keep struggling sedan and compact models from continuing their plunge. Deliveries rose 1.6 percent for GM and declined 7.2 percent for Ford last month, both trailing analysts’ projections, and Honda Motor Co. reported a surprise drop. Sales of the ...

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• 3 April

  Tesla beats forecast with 25,000 deliveries as model 3 nears

  

    Bloomberg Tesla Inc. set a record for deliveries and production in the first quarter, beating analysts’ estimates as Chief Executive Officer Elon Musk prepares to begin building the Model 3 in July. The maker of electric cars and energy-storage devices shipped just over 25,000 vehicles in the year’s first three months, Palo Alto, California-based Tesla said in a statement ...

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• 3 April

  Libya’s oil production rebounds as biggest field reopens

  

    Bloomberg Libya’s crude production rebounded to about 660,000 barrels a day as the OPEC nation’s biggest oil field resumed output after about a week of disruption. Force majeure on the Zawiya export terminal was lifted after pumping resumed at Sharara, the nation’s biggest oil field, Mustafa Sanalla, chairman of Libya’s state-run National Oil Corp., said on Monday by phone. ...

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• 3 April

  Saudi Arabia to host ‘Top CEO Conference Awards’ next week

    Emirates Business For the first time, Saudi Arabia will host the ‘Top CEO Conference and Awards’ – an event which will see CEOs, CMOs, Presidents and VPs from across the Arabian Gulf region and beyond gather together on April 10-11 at Bay La Sun Hotel & Marina, King Abdullah Economic City. The annual event, now in its third edition, ...

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• 3 April

  Qatar Petroleum lifts gas moratorium from North Field

  

    DOHA / Reuters Qatar has lifted a self-imposed moratorium on development of the world’s biggest natural gas field after more than a decade, the chief executive of state energy company Qatar Petroleum said on Monday. The giant Gulf gas field, which Doha calls the North Field and Iran calls South Pars, accounts for nearly all of Qatar’s gas production ...

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• 3 April

  Kuwait to import fuel oil in 2018

    Reuters Kuwait is set to import fuel oil to use mainly in power generation for about a year following the start-up of the Clean Fuel project by 2018, the chief executive of state refiner Kuwait National Petroleum Co (KNPC) said. Fuel oil to meet the requirements of the Ministry of Electricity and Water is currently being produced from the ...

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• 3 April

  Iceland’s currency speculation opens rift in ruling coalition

  

    Bloomberg As they search for a permanent exchange-rate framework, Iceland’s policy makers are finding they may disagree on some pretty fundamental issues. Power politics in the 340,000-people nation are being laid bare, as the nation’s prime minister, who heads the establishment Independence Party, and its finance minister, a former publishing executive who leads the newly created Reform Party, are ...

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• 3 April

  Bombardier postpones part of executive pay to 2020 after uproar

    Bloomberg Bombardier Inc. will defer paying more than half of last year’s planned compensation for its six most highly paid executives until 2020 as the planemaker, whose recovery was kick-started by taxpayer funds, bows to widespread indignation in its home province of Quebec. The deferred amounts will only be payable if Bombardier achieves its performance objectives, Chief Executive Officer ...

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