Wednesday 13th December 2017,
Radio Metta

Business

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

Oklahoma’s governor defends earthquake response

Oklahoma’s governor defends earthquake response

WASHINGTON, March 29  —Oklahoma’s governor defended the state response to the seismic activity attributed to oil and gas development against a federal report on the hazard. “Oklahoma remains committed to doing whatever is necessary to reduce seismicity in the state,” Gov. Mary Fallin said in a statement. Her comments followed the release of the first-ever [...]

March 29, 2016 Saheli Business Comments Off on Oklahoma’s governor defends earthquake response

Refinery maintenance pushing gas prices high

Refinery maintenance pushing gas prices high

WASHINGTON, March 29 —Ongoing preparation for the processing of a summer blend of gasoline is behind the steady increase in retail gasoline prices, analysis finds. Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.04 for Tuesday, a slight increase from the previous day and nearly 3 [...]

March 29, 2016 Saheli Business Comments Off on Refinery maintenance pushing gas prices high

Russia’s Rosneft to increase 2016 investments

Russia’s Rosneft to increase 2016 investments

MOSCOW, March 29  — The head of Russian oil company Rosneft told the president that investments for the year will be 30 percent higher despite the pressure from low oil prices. Russian President Vladimir Putin met in Moscow with Igor Sechin, the director of state-controlled oil company Rosneft, to review corporate performance in the weakened [...]

March 29, 2016 Saheli Business Comments Off on Russia’s Rosneft to increase 2016 investments

BP delivers win to upstream sector

BP delivers win to upstream sector

OSLO, Norway, March 29  —Norwegian oil services company Aker Solutions said it secured a deal to help British energy company BP advance its global oil and natural gas portfolio. Aker said BP handed a five-year fixed contract over to cover subsea services for the British company’s global holdings in offshore oil and natural gas. Aker [...]

March 29, 2016 Saheli Business Comments Off on BP delivers win to upstream sector

Chinese coal data may contain irregularities, study finds

Chinese coal data may contain irregularities, study finds

LONDON, March 29  — Chinese proclamations on coal consumption and the corresponding decline in carbon emissions may be off the mark, a journal study found. A recent report from the Brookings Institution stated coal use in China may have peaked and is starting to slow down as the country shifts from an economic strategy of [...]

March 29, 2016 Saheli Business Comments Off on Chinese coal data may contain irregularities, study finds