Auto Industry, Energy, Transportation: Factors To Watch on August 15 image

Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Wednesday.

WORLD OIL PRICES
Brent crude futures slipped below $114 on Wednesday after settling at a three-month high as supply disruption worries eased after the United States said it did not believe Israel had made a decision whether to attack Iran.

Germany
AIR BERLIN
Germany’s No.2 airline after Lufthansa said it will sell eight of its planes in order to improve its equity ratio, which plummeted in the first half of the year to just 4 percent.

Thailand
HAI AIRWAYS INTERNATIONAL PCL
The national carrier reported a quarterly net loss of 1.53 billion baht ($49 million) on Tuesday as aggressive promotions and fierce competition dragged down passenger yields, even though passenger numbers improved.

BANGCHAK PETROLEUM PCL
The refiner plans to start building a crude distillation unit (CDU) at its Bangkok refinery within the next two years to replace a unit damaged by fire in July, a senior company official said.

Nordics

BANG & OLUFSEN
The Danish luxury electronics maker reported a bigger-than-expected rise in quarterly profit, helped by new products, and forecast a stronger profit in the year ahead.

Russia
Sistema
Russian oil-to-telecoms conglomerate Sistema is seeking a partner in order to stay in the Indian market, business daily Vedomosti writes.

African Markets

TANZANIA OIL TANKERS
U.S. lawmakers urged the U.S. government to take action against Tuvalu and Tanzania, countries accused of flouting U.S. sanctions by putting their flags on Iranian tankers.