China’s ZTE Corp reported on Monday a first-quarter profit of 862.6 million yuan ($128.2 million), as expected, up from 276 million yuan in the preceding three months, as it recovered from last year’s U.S. sanctions.
U.S. sanctions against Iran’s oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday.
Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid lodged in competition with an earlier $33 billion bid from Chevron Corp.
Oil prices fell on Monday, extending the Friday decline that halted a weeks-long rally, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
Fines for violations of air, water and waste regulations by U.S. petroleum storage facilities so far this year have exceeded all of last year – even without including two major Houston-area disasters in the last month still under investigation – according to a Reuters analysis of federal data.
Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $57 billion bid lodged in competition with an earlier bid from Chevron Corp.
Dubai state-owned airline Emirates will report “positive” full-year results next month but they will not be as good as in previous years due to higher fuel costs and unfavourable currency moves, the company’s president said on Monday.
Spotify Technology SA reported a better-than-expected rise in first-quarter revenue on Monday as the music streaming company hit 100 million paid subscribers for its premium service, sending its shares up nearly 5 percent.
The European Union has accepted an offer by Visa and Mastercard to cut fees on payments made by tourists using cards issued outside the bloc to stave off fines and end an EU antitrust investigation.
The European Union said on Monday that it has accepted an offer by Visa and Mastercard to cut fees on payments made by tourists using cards issued outside the bloc to stave off fines and end an EU antitrust investigation.
Emirates Airline President Tim Clark said on Monday he believes Boeing Co will resolve issues with its 737 MAX aircraft, saying the U.S. company has an outstanding track record.
Emirates President Tim Clark said on Monday the airline’s last financial year has not been easy and that the company is not growing at its previous pace due to political tensions in the region and elsewhere.
Engine maker Rolls-Royce said on Monday that it had been suspended from the UK government’s Prompt Payment Code (PPC) after failing to pay suppliers in time.
Global shares rose on Monday, aided by data showing profits at Chinese industrial firms grew for the first time in four months and a strong reading of U.S. first quarter growth data last week.
Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
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