Thursday , February 21 2019


PG&E may give workers notices on bankruptcy

Bloomberg PG&E Corp, the California utility giant facing billions of dollars in wildfire liabilities, may notify employees as soon as Monday that it’s preparing a potential bankruptcy filing, according to people familiar with the situation. The San Francisco-based utility owner is planning to send the notice to fulfill a state ...

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‘Operational efficiency key in today’s oil market conditions’

Abu Dhabi / WAM A relentless focus on operational efficiency, while balancing market conditions with long-term future growth, requires a careful, calibrated and agile response from the oil and gas industry, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National ...

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No US troops have yet been removed from Syria: Pentagon

Bloomberg The US hasn’t begun withdrawing troops from Syria, the Pentagon said in the military’s most extensive comments yet as questions about President Donald Trump’s timeline and strategy for pulling troops from the eight-year conflict there continue to fuel confusion. “We have taken a number of logistical measures to support ...

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Infosys raises sales forecast over ‘healthy pipeline’ of deals

Bloomberg Infosys Ltd, Asia’s second-largest software exporter by value, raised its sales forecast for the year ending March citing a “healthy pipeline” of orders. Bangalore, India-based Infosys predicts revenue will expand as much as 9 percent from an earlier target of 8 percent. Chief Executive Officer Salil Parekh expects a ...

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Japan Olympic chief charged in French corruption probe

Bloomberg Japanese Olympic Committee President Tsunekazu Takeda was charged as part of a French corruption probe into the awarding of the 2020 Olympic Games to Tokyo, a person familiar with the matter said. Takeda, however, insisted that he hadn’t been indicted. The charges against Takeda, who led Tokyo’s successful bid, ...

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UK firms make plea to cut a deal as Brexit vote nears

Bloomberg Some of Britain’s largest and most storied manufacturers are making a last-ditch plea to lawmakers to avoid a disorderly retreat from the European Union with stark warnings of production grinding to a halt and political inertia hurting their business. Ultra-luxury carmaker Rolls-Royce said its factory in southern England risks ...

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