Business & Finance News
Facebook said on Monday it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square meters) of office space across two buildings in King’s Cross – enough for more than 6,000 workstations.
Shares of Tesla Inc fell more than 4 percent in trading before the bell on Monday, after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit.
Oilfield services provider Halliburton Co’s quarterly revenue rose 24 percent to beat analysts’ estimates on Monday as higher oil prices encouraged U.S. oil and gas producers to put more rigs to work.
In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles.
Oilfield services provider Halliburton Co’s quarterly revenue jumped 24 percent on Monday as higher oil prices encouraged U.S. oil and gas producers to put more rigs to work.
U.S. private equity firm Blackstone Group has secured EU antitrust approval to acquire a majority stake in Thomson Reuters’ Financial and Risk unit, the European Commission said on Monday.
Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-hour strike on three oil and gas platforms in the British North Sea.
Toymaker Hasbro Inc topped Wall Street estimates for quarterly revenue on Monday, as the company managed to move past the liquidation of retailer Toys ‘R’ Us.
A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter.
New Fiat Chrysler boss Mike Manley faces the task of executing his predecessor’s plan to boost production of SUVs and catch up on electric cars to keep the world’s seventh-largest carmaker competitive in the absence of a merger.
China said on Monday the value of its currency is driven by market forces and that it has no intention to devalue the yuan to help exports, after Washington said it was monitoring the currency’s weakness amid the escalating bilateral trade row.
China’s biggest manager of bad debts is trying to exit early from at least three loans and investments as it wrestles with a liquidity crunch triggered by an anti-corruption probe into its chairman, people with knowledge of the matter said.
Signs that the Bank of Japan could scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks slid as threats of further U.S. tariffs on China drained risk appetite.
Oil prices stabilized on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand.
Threats and intimidation on trade will never work on China, its foreign ministry said on Monday, after U.S. President Donald Trump said he was ready to impose tariffs on all $500 billion of imported goods from the country.
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