Saturday 23rd June 2018,
Radio Metta

Business

Austrian energy company OMV moving closer to Russia

Austrian energy company OMV moving closer to Russia

ST. PETERSBURG, Russia, April 1  — Austrian energy company OMV said Friday it was building stronger ties with its Russian partners, noting markets were conducive to tight cooperation. OMV and Russian gas company Gazprom signed agreements in St. Petersburg aimed at strengthening the strategic cooperation between both companies. Included in the terms of the deal [...]

April 2, 2016 Saheli Business Comments Off on Austrian energy company OMV moving closer to Russia

Outlook for Chinese energy companies lowered

Outlook for Chinese energy companies lowered

HONG KONG, April 1 (UPI) — Chinese oil and gas companies are among the government-related entities facing credit pressures over the next two years, Standard & Poor’s said Friday. More than a dozen Chinese companies with close ties to the government, including oil and gas companies like China National Petroleum Corp. and CNOOC Ltd., China’s [...]

April 2, 2016 Saheli Business Comments Off on Outlook for Chinese energy companies lowered

Oil prices back to square one

Oil prices back to square one

NEW YORK, April 1– Oil prices took one of their biggest hits of the year Friday as pressure from Riyadh’s response to a production freeze was doubled by weak U.S. labor figures. Mohammed bin Salman, the deputy crown prince of Saudi Arabia, poured water on a fire set by talks of a production freeze from [...]

April 2, 2016 Saheli Business Comments Off on Oil prices back to square one

Anbang withdraws offer for Starwood, leaving bid by Marriott

Anbang withdraws offer for Starwood, leaving bid by Marriott

STAMFORD, Conn., April 1  — China’s Anbang Insurance Company, the highest bidder at $14 billion for Starwood Hotels, withdrew its offer, leaving a buyout offer from Marriott International. The Chinese firm led a consortium of companies in making the $14 billion all-cash offer after Marriott had offered $13.8 billion in cash and stock, its final [...]

April 2, 2016 Saheli Business Comments Off on Anbang withdraws offer for Starwood, leaving bid by Marriott

Elon Musk: Tesla Model 3 received 232K orders in less than 24 hours

Elon Musk: Tesla Model 3 received 232K orders in less than 24 hours

HAWTHORNE, Calif., April 2  — The affordable Tesla Model 3 is already a hit among electric car consumers, with a reported 232,000 vehicles ordered in less than 24 hours, according to CEO Elon Musk. The Model 3, with its 215 mile battery range and $35,000 starting price, became available for preorder early Friday. Musk and [...]

April 2, 2016 Saheli Business Comments Off on Elon Musk: Tesla Model 3 received 232K orders in less than 24 hours

Oil prices recover on U.S. economy, inventory data

Oil prices recover on U.S. economy, inventory data

NEW YORK, March 30  — A soft build in U.S. crude oil stocks was buffered by a report showing domestic well costs have declined, sending oil prices higher early Wednesday. Crude oil prices plummeted Tuesday as supply-side strains added to concerns emerging before U.S. Federal Reserve Chair Janet Yellen took to the podium to offer [...]

March 30, 2016 Saheli Business Comments Off on Oil prices recover on U.S. economy, inventory data

Boeing could cut 8,000 jobs this year if savings not met

Boeing could cut 8,000 jobs this year if savings not met

WASHINGTON, March 30  — Boeing will cut some 4,000 jobs — about 2 percent of its global staff — by June to reduce costs, and could cut an additional 4,000 jobs by the end of the year. The aircraft maker said it would cut jobs through retirement, resignation, voluntary buyouts and by not hiring employees [...]

March 30, 2016 Saheli Business Comments Off on Boeing could cut 8,000 jobs this year if savings not met

BAE Systems modernizing Sweden’s CV90 vehicles

BAE Systems modernizing Sweden’s CV90 vehicles

KARLSKOGA, Sweden, March 30 — BAE Systems is to refurbish hundreds of Swedish Army armored vehicles under a contract issued by the Swedish government. A total of 262 CV90 tracked vehicles are involved in the refurbishment, which is will begin immediately. Company work will include refurbishing the chassis and upgrading the vehicle’s survivability and weapon [...]

March 30, 2016 Saheli Business Comments Off on BAE Systems modernizing Sweden’s CV90 vehicles

Harris supplies tactical radios to African country

Harris supplies tactical radios to African country

Handheld tactical radios are among Falcon III systems ordered from the Harris Corporation by an African country. Photo courtesy Harris Corporation ROCHESTER, N.Y., March 30  —Harris Corporation reports it is to supply three variants of its Falcon III multi-band multi-mission radios to an unidentified country in Africa. The three variants are the RF-7800H-MP wideband tactical [...]

March 30, 2016 Saheli Business Comments Off on Harris supplies tactical radios to African country

‘Patience and tenacity vital for solving problem’

‘Patience and tenacity vital for solving problem’

The brief I was given and what I did in the first 100 days at work I Started my career as a software engineer and was the second employee at Tavant Technologies in India. Our objective was to understand the international business and adapt it for the scale the company was looking for. Being part [...]

March 30, 2016 Saheli Business Comments Off on ‘Patience and tenacity vital for solving problem’

Two Tata group top executives earn more than Cyrus Mistry

Two Tata group top executives earn more than Cyrus Mistry

MUMBAI: At least two employees at Tata Group firms earn more than their chairman, Cyrus Mistry . In the financial year ended on March 31, 2015, Tata Consultancy Services CEO N Chandrasekaran was paid Rs 21.28 crore, compared with Rs 16.25 crore Mistry earned in commission, salaries and other allowances, according to regulatory filings. The [...]

March 30, 2016 Saheli Business Comments Off on Two Tata group top executives earn more than Cyrus Mistry

Oil prices slightly lower on supply-side strains

Oil prices slightly lower on supply-side strains

NEW YORK, March 28 — Crude oil prices traded slightly lower early Monday as supply strains built up against expectations of some form of cut from major producers next month. The Iranian Oil Ministry’s news website Shana reports Iran exported around 14 million barrels of crude oil to European buyers since January, when sanctions pressures [...]

March 29, 2016 Saheli Business Comments Off on Oil prices slightly lower on supply-side strains