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.
The French government is considering backing Michelin chief executive Jean-Dominique Senard for the chairmanship of Renault , replacing embattled CEO Carlos Ghosn, Le Figaro reported on Sunday, citing several sources.
Qatar is considering increasing its stake in Deutsche Bank , newspaper Handelsblatt reported on Sunday.
Recent sharp selloffs across global financial markets are probably the first of many, as investors adjust to a world of tighter monetary conditions and the threat of economic downturn, the Bank of International Settlements said on Sunday.
Regulators should scrutinize clearing houses and banks together to spot financial stability threats from the world’s multi-trillion dollar derivatives market, the Bank for International Settlements said on Sunday.
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