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Asia shares camp on high ground, oil up on Libya shutdown

Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve.



5 years ago

A thousand EU financial firms plan to open UK offices after Brexit

More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday.



5 years ago

Airbus unit to offer product to help airlines with revenue volatility

A subsidiary of Airbus , the world’s largest planemaker, is preparing to launch a financial product aimed at helping its airline customers hedge against risks to revenue, officials said.



5 years ago

IEA warns oil companies doing nothing on emissions is not an option

Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance, the International Energy Agency (IEA) said on Monday.



5 years ago

Samsung Electronics appoints new mobile chief

Samsung Electronics, the world's top smartphone maker, said on Monday that it has named President Roh Tae-moon as its new mobile chief as part of a management shake-up.



5 years ago

Guoxuan says in talks with Volkswagen, hasn't reached binding agreement

Guoxuan High-Tech Co Ltd is in talks with Volkswagen AG for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday.



5 years ago

Asia shares camp on high ground, oil jumps on Libya shutdown

Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve.



5 years ago

Oil surges as Libyan pipeline shutdown cripples output

Oil prices jumped on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.



5 years ago

Subaru sets mid-2030s target to sell only electric vehicles worldwide

Japan's Subaru Corp set a target on Monday for all the vehicles it sells worldwide to be electric by the first half of the 2030s, in a move toward its long-term goal of a carbon-free society.



5 years ago

Oil jumps to highest in more than a week after Libyan shutdowns

Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.



5 years ago

Samsung appoints new mobile chief as Huawei chips away at market share

Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd.



5 years ago

China will increase imports from U.S. according to 'market principles': official

China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.



5 years ago

Founder of South Korean retail giant Lotte dies

Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea's No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98.



5 years ago

Powerball jackpot still unclaimed, Wednesday's drawing could see a $343 million winner

While the odds are stacked against hitting the Powerball jackpot — your chance is about 1 in 302 million — the IRS always gets a hefty piece of large lottery prizes.

5 years ago

If you pay your bills on time, use cash back cards for everyday expenses

Thanks to generous credit card cash-back rewards programs, small everyday purchases can add up to big savings over time, according to study results from CreditCard.com.

5 years ago