Oil prices steady as Saudi Arabia indicates prolonged supply cuts
Oil prices steadied on Monday, supported by Saudi Arabia’s comments indicating OPEC and its allies would continue to tighten the crude market following deep losses last week.
Oil prices steadied on Monday, supported by Saudi Arabia’s comments indicating OPEC and its allies would continue to tighten the crude market following deep losses last week.
Mexico can reach an agreement with the United States to resolve a dispute over migration that prompted U.S. President Donald Trump to threaten punitive tariffs, Mexican officials said on Monday as high-level talks were set to begin in Washington.
U.S. stocks slipped on Monday as internet giants Alphabet and Amazon tumbled on regulatory concerns, but hopes that the United States would settle its dispute with Mexico helped limit some losses.
The U.S. Transportation Department on Monday said it has granted tentative approval to a bid by American Airlines Group Inc and Qantas Airways Ltd to operate a joint venture.
Act quick in a crisis, talk simpler all the time, and do not be afraid of faster inflation.
The U.S. Supreme Court on Monday rejected an appeal by Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, challenging a conviction for insider trading.
Fiat Chrysler Automobiles NV, and Toyota Motor Corp on Monday posted a rise in U.S. sales in May, as a strong economy and upbeat consumer sentiment fueled demand.
Germany’s Infineon has agreed to buy Silicon Valley-based Cypress Semiconductor for $10 billion, in an expensive move by Europe’s largest chip-maker to expand further in next-generation automobiles and Internet technologies.
The U.S. Supreme Court on Monday agreed to weigh whether managers of a retirement fund for IBM Corp employees that invested in the company’s stock can be sued for failing to disclose that its microelectronics business was overvalued.
A stampede to safety sent benchmark government bond yields tumbling on Monday, hoisted the Swiss franc to its highest in nearly two years and gold to a 10-week peak, while oil veered close to bear market territory.
JetBlue Airways Corp is in discussions with Airbus SE about the European planemaker’s plans for a longer-range version of its A321neo family as it prepares to jump into the transatlantic market, Chief Executive Robin Hayes said on Monday.
Chipotle Mexican Grill Inc estimated the cost of President Donald Trump’s proposed tariffs on its business at around $15 million on Monday and said it could cover them by raising burrito prices by around 5 cents.
Mexico can reach an agreement with the United States to resolve a dispute over migration that prompted U.S. President Donald Trump to threaten punitive tariffs, Mexican officials said on Monday as diplomatic talks were set to begin in Washington.
Chipotle Mexican Grill Inc could cover the cost of President Donald Trump’s proposed tariffs on Mexican imports by raising burrito prices by around 5 cents for customers, it said on Monday.
Oil prices rebounded from last week’s heavy losses on Monday after reassurances over production from top oil exporter Saudi Arabia, the de-facto leader of the Organization of the Petroleum Exporting Countries (OPEC).
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