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Business: Page 4

Genuine Parts to sell Electrical Specialties Group to Audax Private Equity
Genuine PartsAugust 17, 2019 ET
Genuine Parts Company announced that it has entered into a definitive agreement to sell its wholly-owned subsidiary EIS, the Electrical Specialties Group of Motion Industries, to Audax Private Equity (Audax).
Typhoon Lekima caused insured losses of $850 million
Typhoon Lekima lossesAugust 16, 2019 ET
Insured losses in China caused by Typhoon Lekima will be higher than $850 million, according to AIR Worldwide.
U.S. drillers add oil rigs for first week since June, says Baker Hughes
Oil rig workersAugust 16, 2019 ET
U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks.
Ethiopia $255 million road project secures funding
Ethiopia roadAugust 16, 2019 ET
A road project in Ethiopia is benefiting from a financing package worth $98 million being provided by the African Development Bank (AfDB).
Ethiopia and China to build new $300m industrial park
Adama cityAugust 16, 2019 ET
Ethiopia and China are set to partner to build a new, 300 million U.S. dollar industrial park in the east African country.
Japanese car sales in South Korea post double-digit fall
South Korea portAugust 16, 2019 ET
Japanese car sales in South Korea posted a double-digit fall last month amid the trade dispute between Seoul and Tokyo, a government report showed Thursday.
World’s longest $16.8 billion undersea rail tunnel from Finland to Estonia hits first obstacle
Finland and Estonia tunnelAugust 16, 2019 ET
Bloomberg reported that a plan to build the world’s longest undersea rail tunnel has hit its first snag.
Japan becomes largest foreign holder of U.S. Treasuries
Treasury DepartmentAugust 16, 2019 ET
Japan surpassed China to become the largest foreign holder of U.S. Treasuries in June, with its holdings at the highest level in nearly three years, U.S. Treasury Department said Thursday.
Climate change: Poorer countries focused on survival, richer on money
Climate changeAugust 15, 2019 ET
A new study from the University of Kansas shows the way media frame climate change coverage can be predicted by several national factors.
CEO compensation up 940% since 1978
CEOAugust 15, 2019 ET
Chief executive officers (CEOs) of the largest firms in the U.S. earn far more today than they did in the mid-1990s and many times what they earned in the 1960s or late 1970s.
Papua New Guinea sends team to Singapore to renegotiate Total LNG deal
Kerenga KuaAugust 15, 2019 ET
Papua New Guinea has sent a team to Singapore to renegotiate its Papua LNG agreement with French oil major Total SA, the nation\'s petroleum minister said in a statement on Thursday, warning the talks could end \"disastrously\" for the gas project.
Vessel operators face biosecurity fines in New Zealand
New Zealand portAugust 15, 2019 ET
Biosecurity New Zealand officers will soon be able to fine commercial and recreational vessel operators that don’t play by the rules.
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