Government, Business, Technology, Fuel

Hacker Seeks About $5 Million Ransom From Pemex by Nov. 30

The hacker behind a cyberattack that has crippled Petroleos Mexicanos’ computer systems since the weekend is hoping to squeeze about $5 million out of the company and appears to have set a deadline of Nov. 30.

November 13, 2019
Government, Business

Brazil Oil Auction a ‘Total Disaster’ as Bidders Stay Away

Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other major oil companies stayed away.

November 6, 2019
Business, Technology, Autonomous

Tesla Hopes to Get China Carmaking License by Year-End

Tesla Inc. has completed its new factory near Shanghai and is working with local authorities to obtain a manufacturing license, which it hopes to receive by the end of the year, Chairman Robyn Denholm said.

November 5, 2019
Government, Business

China Wants US to Drop Tariffs on $360 Billion of Imports for Trade Deal

China is seeking the rollback of U.S. tariffs on as much as $360 billion of Chinese imports before President Xi Jinping agrees to go to the U.S. to sign a partial trade deal with President Donald Trump, according to people familiar with the matter.

November 5, 2019
Government, Business, Fuel

Keystone Pipeline Shutdown Raises Costs for US Gulf Refiners

The Keystone crude pipeline was shut Oct. 30 after leaking thousands of barrels of crude in North Dakota, the third spill along the pipeline’s route in less than three years.

October 31, 2019
Government, Business, Technology, Fuel

China Beats US 8-1 When It Comes to Charging Electric Cars

There are almost as many places to charge your electric vehicle in Beijing as there are in the entire United States.

October 16, 2019
Government, Business

China Ties Agriculture Binge to Trump Reducing US Tariffs

Beijing wants a rollback in tariffs in its trade war with the U.S. before China can feasibly agree to buy as much as $50 billion of American agriculture products that President Donald Trump claims are part of an initial deal, people familiar with the matter said.

October 15, 2019
Government, Business, Logistics

US, China Reach Substantial ‘Phase One’ Trade Deal, Trump Says

The U.S. and China reached a partial agreement Oct. 11 that would broker a truce in the trade war and lay the groundwork for a broader deal that Presidents Donald Trump and Xi Jinping could sign later this year, according to people familiar with the matter.

October 11, 2019
Government, Business

Trump Says Day 1 China Trade Talks Went ‘Very Well’

President Donald Trump said the first day of high-level trade negotiations between the U.S. and China went “very well” and he’ll meet the top Chinese negotiator on Oct. 11.

October 10, 2019
Government, Business, Logistics

China to Ask US to End Sanctions on COSCO Shipping Company

China plans to ask the U.S. to lift sanctions on its biggest shipping company at high-level trade negotiations in Washington this week, people familiar with the matter said.

October 10, 2019