Business & Finance News
Oil prices clawed back some losses after a nearly 8 percent plunge in the previous session, but remain under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets.
Russia plans to impose stiffer fines on technology firms that fail to comply with Russian laws, sources familiar with the plans said, raising the stakes in the Kremlin’s fight with global tech giants such as Facebook and Google.
General Motors Co is set to make a major announcement on Monday that will affect its global operations and threatens to shutdown a big vehicle assembly plant in the province of Ontario, a Canadian union said on Sunday.
Mitsubishi Motors Corp’s board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct.
Asian stocks and U.S. equity futures posted modest gains on Monday on hopes of solid U.S. holiday sales, though plunging oil prices fanned worries about a dimming outlook for the global economy.
General Motors Co is set to make a major announcement on Monday that will affect its global operations, including auto production at an Ontario plant, a Canadian union said in a statement on Sunday.
Nissan Motor Co Chief Executive Hiroto Saikawa told employees on Monday that the Japanese automaker’s relationship with French partner Renault SA was “not equal” and needed to be reviewed, Kyodo News reported, citing an unnamed source.
General Motors Co is set to make a major announcement on Monday that will affect its global operations, a Canadian union said in a statement on Sunday.
Oil prices steadied on Monday after plunging nearly 8 percent in the previous session, but remain under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets.
General Motors Co is planning to close all operations at a plant near Toronto and an announcement is expected on Monday, a local TV news channel reported on Sunday
Logitech International SA, a Swiss manufacturer of keyboards and webcams, has ended discussions to acquire Plantronics Inc, a U.S. maker of Bluetooth earpieces and gaming headsets, the companies said on Sunday.
Oil prices won back some ground after hefty losses on Friday, but remained under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets.
Asian shares were on a slippery slope on Monday as plunging oil prices fanned worries about a dimming outlook for the global economy as investors brace for a crucial meeting between U.S. and Chinese leaders at the end of week.
Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will protect its crown jewel foreign asset, the Houston-based Citgo Petroleum Corp refining business, from being stripped away by a creditor, according to Canadian court documents.
Campbell Soup Co and Daniel Loeb’s hedge fund Third Point LLC are close to an agreement over composition of the U.S. food company’s board of directors that will end a proxy contest that was due to come to a head this week, people familiar with the matter said on Sunday.
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