Oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply.
The lead attorney for the group of Apple Inc device assemblers seeking at least $9 billion in damages from Qualcomm Inc said on Sunday the contract manufacturers are not in settlement talks with the mobile chip supplier and are “gearing up and heading toward the trial” in April.
Nissan Motor’s board is expected to meet on Monday, its first since firing chairman Carlos Ghosn last month, to decide on ways to improve governance at the automaker amid rising tensions with alliance partner Renault .
Brent crude prices slipped on Monday amid concerns over demand in the wake of weaker growth in major economies, while U.S. oil markets held steady after U.S. drilling activity fell to its lowest level in about two months.
Hitachi Ltd and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business for up to $7 billion, the Nikkei business daily reported.
Asian share markets began the week on a cautious note after soft economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the broadening impact of international trade frictions.
Oil prices climbed on Monday after U.S. drilling activity fell to its lowest level in about two months, but increasing concerns about weaker growth in major economies kept a lid on gains.
Asian share markets started the week on a cautious footing on Monday after weak economic data from China and Europe added to evidence of cooling global growth and reinforced anxiety over the impact of international trade frictions on business and profits.
U.S. oil prices edged up on Monday amid a fall in drilling activity in the United States, but lingering concerns about weaker economic growth in major economies kept a lid on gains.
Uber Technologies Inc welcomed on Monday the British government’s response to a review into workplace rights, which looks set to preserve the business models of gig economy companies, but unions rubbished the business ministry’s plans.
EQT Corp’s board of directors will ask to meet Toby and Derek Rice for talks, people familiar with the matter said on Sunday, after the two brothers threatened the largest producer of natural gas in the United States with a board challenge.
Mexican state-run oil giant Petroleos Mexicanos will focus on existing shallow water assets and refining next year at the expense of riskier, deepwater projects under a new government that has vowed to turn around the ailing company.
Canadian diplomats were granted consular access on Sunday to the second of two men detained by China over the past week, the foreign ministry announced in a statement that gave few details.
Renault requested a full Nissan shareholder meeting, a source close to the company said – appearing to escalate the carmaker’s standoff with its Japanese alliance partner in the wake of the pay scandal engulfing Chairman and CEO Carlos Ghosn.
A number of institutional investors in ExxonMobil Corp have said they will file a shareholder resolution which calls on the world’s largest oil company to set targets for lowering its greenhouse gas emissions.
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