Samsung Heavy faces $480 million countersuit by INPEX in central processing facility deal

Jun 09, 2021 05:15 am UTC| Law Economy Business

Japanese oil and developer INPEX has countersued South Koreas Samsung Heavy Industries Co. for $480 million after the latter filed a complaint against it in April for not paying the rest of the contract amount. Samsung...

Livekindly to acquire seaweed-based meat manufacturer after $335 million funding boost

Jun 09, 2021 05:01 am UTC| Business Economy

Livekindly Collective will acquire Amsterdam-based The Dutch Weed Burger, a company that uses seaweed and microalgae in making plant-based meat alternatives, after closing a funding round of $335 million. The companys...

Hydrogen-powered Toyota vehicle conquers 24-hour endurance race

Jun 09, 2021 01:32 am UTC| Economy

Toyota Motor Co.s Corolla H2 Concept vehicle became the worlds first hydrogen-powered to complete a 24-hour endurance race. The car driven by Toyota President Akio Toyoda accomplished the feat on May 21-23 at the Super...

S. Korea targets record-high exports for 2021 following successful pandemic response

Jun 08, 2021 23:59 pm UTC| Economy

South Korea is close to setting a new record for annual exports in 2021 and beating the previous record of $605 billion posted in 2018 on the back of its successful response to the pandemic. The countrys exports jumped...

Daewoong Pharmaceutical inks $430 million license-out deal for gastroesophageal drug

Jun 08, 2021 23:55 pm UTC| Economy Business

South Korean drugmaker Daewoong Pharmaceutical Co. inked a US$430 million deal to provide US pharmaceutical venture firm Neurogastrx Inc. with its technology for fexuprazan, the novel drug candidate for gastroesophageal...

Japan proposes plant-based meat consumption to reduce carbon emissions

Jun 08, 2021 23:49 pm UTC| Economy Business

The Japanese government proposed using meat alternatives such as soybeans and other plant-based ingredients to reduce carbon dioxide emissions while stressing the need to reform lifestyles. In its 2021 white paper on...

Oil in Global Economy Series

WTI extends losses after doji formation in the previous session, bears eye 200H MA at $67.95

Jun 08, 2021 12:15 pm UTC| Technicals Economy

USOIL chart - Trading View West Texas Intermediate (WTI) crude is extending declines from multi-month highs at $69.97 after doji formation in the previous session. WTI was trading 0.93% lower on the day at $68.61 at...