Oil prices won back some ground after hefty losses on Friday, but remained under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets.
Asian shares were on a slippery slope on Monday as plunging oil prices fanned worries about a dimming outlook for the global economy as investors brace for a crucial meeting between U.S. and Chinese leaders at the end of week.
Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will protect its crown jewel foreign asset, the Houston-based Citgo Petroleum Corp refining business, from being stripped away by a creditor, according to Canadian court documents.
Campbell Soup Co and Daniel Loeb’s hedge fund Third Point LLC are close to an agreement over composition of the U.S. food company’s board of directors that will end a proxy contest that was due to come to a head this week, people familiar with the matter said on Sunday.
Campbell Soup Co and Daniel Loeb’s hedge fund Third Point LLC are close to an agreement over composition of the U.S. food company’s board of directors that will end a proxy contest that was due to come to a head this week, a person familiar with the matter said on Sunday.
Luxury carmaker Aston Martin , has not yet seen a slowdown in its key markets and aims to more than double the number of cars it makes by 2025, its chief executive said on Sunday.
Renault-Nissan executives will attempt this coming week to shield their joint operations from a looming power struggle between the carmakers, following alliance boss Carlos Ghosn’s shock arrest over misconduct allegations.
When iPhone users want to edit blemishes out of their selfies, identify stars and constellations or simply join the latest video game craze, they turn to Apple Inc’s App Store, where any software application they buy also includes a 30 percent cut for Apple.
French Finance Minister Bruno Le Maire said on Sunday the government and Renault had yet to see evidence to support Nissan’s allegations of wrongdoing by long-standing Renault-Nissan boss Carlos Ghosn.
The chief executives of ABB and Siemens are traveling to Saudi Arabia to attend a supplier conference, just weeks after they pulled out of an investment event in the country following the death of a journalist.
The office of former Malaysian premier Najib Razak ordered changes to a 2016 audit report of scandal-plagued state fund 1MDB, including removing mention of financier Low Taek Jho’s presence at a board meeting, authorities said.
Former Nissan chairman Carlos Ghosn, arrested last Monday on suspicion of financial misdoing, has denied the allegations against him, Japanese public broadcaster NHK said on Sunday.
The Thanksgiving Day and Black Friday kickoff of the U.S. holiday shopping season showed the increasing preference for online purchases, as more Americans opted to stay home and use their smartphones while sales and traffic at brick-and-mortar stores declined.
The head of Russian oil company Rosneft , Igor Sechin, flew to Caracas this week to meet Venezuelan President Nicolas Maduro and complain over delayed oil shipments designed to repay loans, two sources briefed on the conversation said on Saturday.
The head of Russian oil company Rosneft , Igor Sechin, flew to Caracas this week to meet Venezuelan President Nicolas Maduro and complain over delayed oil shipments designed to repay loans, two sources briefed on the conversation said on Saturday.
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