U.S. consumer spending increased by the most in more than 9-1/2 years in March, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months.
Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid, putting pressure on Chevron Corp to raise its $33 billion offer.
The CEO of Scandinavian airline SAS has told negotiators to thrash out what concessions the company can make to end a pilot strike that has disrupted travel plans for hundreds of thousands of passengers.
Global shares were steady on Monday as a weak euro zone sentiment survey and political uncertainty in the wake of Spain’s elections proved a drag on earlier gains driven by strong economic data out of China and the United States.
U.S. stocks were on course to open lower on Monday after hitting another closing high in the previous session, as investors awaited inflation data and a fresh batch of earnings.
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.
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