SINGAPORE (Reuters) – Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.
Chinese regulators have restarted their review of Qualcomm Inc.’s application to acquire NXP Semiconductors NV after having shelved the work earlier in reaction to growing trade tensions with the U.S., according to people familiar with the matter. China’s Ministry of Commerce officials have been asked to hasten the long-delayed review of the purchase and Qualcomm’s proposed remedies to protect local companies, said the people, asking not to be identified because the talks are private. Chinese companies have expressed concern that the combined entity would extend Qualcomm’s patent licensing business into areas like mobile payments and autonomous driving. …read more […]
SYDNEY (Reuters) – Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions, after U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technology company.
American sanctions are very strict and can affect countries beyond Iran, says Saudi Prince Turki Al-Faisal, chairman of KFCRIS. …read more […]
BUPYEONG, South Korea (Reuters) – General Motors Co’s South Korean unit canceled a news conference on Monday after a dozen temporary workers forced their way into the event venue minutes beforehand, chanting slogans that called on the automaker to hire them full time.
SYDNEY (Reuters) – Uncertainty around Commonwealth Bank of Australia’s senior leadership deepened on Monday as the chief financial officer resigned unexpectedly, the fifth executive to depart in one of the worst governance crises in the bank’s history.
TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) is launching a low-cost carrier offering medium to long-haul flights, aiming to tap growing Asian demand for budget air travel.
Asian shares were mostly higher Monday, with Hong Kong shares surging after President Donald Trump said he wanted to help a sanctioned Chinese tech giant, signaling a possible improvement in U.S.-China … …read more […]
TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) said on Monday it would set up a low-cost carrier offering medium to long-haul flights.
SINGAPORE (Reuters) – Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.
SYDNEY (Reuters) – Asian shares shot up to near two-month highs on Monday on signs the United States and China were toning down their trade war rhetoric, while Malaysian Ringgit hit a four-month trough in the first onshore trade since a shock election result last week.
Shares of Chevron Corporation (NYSE:CVX) will begin trading ex-dividend in 2 days. To qualify for the dividend check of $1.12 per share, investors must have owned the shares prior toRead More… …read more […]
HONG KONG (Reuters) – HSBC Holdings Plc said on Monday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade.
SYDNEY (Reuters) – Asian shares held near one-month highs on Monday on signs the United States and China were toning down their trade war rhetoric, while the dollar dipped again as investors wagered on a slower pace of U.S. interest rate hikes.
SINGAPORE (Reuters) – Oil prices edged lower on Monday as a relentless rise in U.S. drilling activity points to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.
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