Oil rose on Monday after Saudi crude production registered an unexpected decline in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.
European shares struggled on Monday as fears of the escalating U.S.-China trade conflict outweighed the boost to sentiment from Chinese authorities’ intervention last week to shore up its currency.
Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial public offering (IPO).
More than five years into a radical plan to boost the world’s third-biggest economy, the Bank of Japan sent a message of quiet surrender last week, admitting it couldn’t stoke inflation and walking back steps intended to do so.
Shares in Linde plunged more than 8 percent on Monday after the industrial gases group’s planned $87 billion merger with Praxair was put in doubt by demands from U.S. antitrust regulators.
HSBC Holdings Plc posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million settlement for alleged mis-selling of U.S. mortgage securities ate into higher revenues.
Ella Pham said it was a painful thing to see. Pham, 20, and her boyfriend were walking in a parking lot Sunday when they saw a twin-engine Cessna crash, she told the Los Angeles Times. Five people on board the small airplane were killed but nobody on the ground was hurt when the plane crashed in the Southern California parking lot, authorities said. …read more […]
China’s Haier Group said rising steel prices amid hefty U.S. import tariffs was driving up costs for its business in America, and warned that consumers stood most to lose from a mounting trade spat between the world’s top two economies.
Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau.
As U.S. and Chinese firms rush for outside expertise on how to handle fallout from the escalating trade war between the two nations, consultants on everything from management to logistics say they have seen soaring demand for their services.
HSBC Holdings Plc posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million provision against sale of U.S. mortgage securities ate into higher revenues.
Asian shares pared gains on Monday as Chinese stocks swung into negative territory, dragged lower by the escalating Sino-U.S. trade war, though Beijing’s efforts to stop sharp declines in the yuan helped support the currency.
Japanese gaming group Universal Entertainment Corp said on Monday its former chairman Kazuo Okada was arrested in Hong Kong in relation to multiple corruption-related offences.
Oil prices held firm on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau.
For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War.
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