Oil prices rose on Wednesday in advance of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market and following industry data showing that U.S. crude stockpiles fell more than expected.
Postal Savings Bank of China said investors had opted out of paying for 3% of shares on offer in its Shanghai listing - a rare development that underscores growing concerns over problems in China's banking system.
Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed.
Alphabet Inc's new chief executive, Sundar Pichai, will have the hot seat all to himself as regulators around the world investigate the company, U.S. politicians demand that it be broken up, and President Donald Trump accuses it of aiding his rivals.
A South Korean court on Wednesday upheld a record $873 million fine against U.S. chip giant Qualcomm for unfair business practices related to patent licensing and modem chip sales.
Oil prices rose on Wednesday ahead of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market, while industry data showing that U.S. crude stockpiles fell more than expected helped to lift prices.
Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement.
A South Korean court on Wednesday upheld a record $873 million fine against U.S. chip giant Qualcomm for unfair business practices related to patent licensing and modem chip sales, rejecting the company's appeal against the penalty.
Saudi Aramco has received orders worth 189.04 billion riyals ($50.4 billion) for the institutional tranche of its planned initial public offering (IPO), its financial advisers said in a joint statement on Tuesday.
Oil prices rose on Tuesday, as OPEC and its allies discuss whether to deepen a supply cut pact ahead of meetings this week, although prospects after Saudi Arabia's planned listing of Aramco fuelled uncertainty for traders, limiting gains.
Asian shares fell on Tuesday after U.S. President Donald Trump stunned markets by imposing tariffs on imports from Brazil and Argentina, rekindling fears over global trade tensions, while weak U.S. factory data added to the investor gloom.
Oil prices gained on Tuesday, as hopes rose for OPEC and its allies to agree deeper output cuts when they meet this week, although gains were limited, amid some analysts' scepticism over the achievement of further reductions.
The latest U.S. tariff threats on French products are "unacceptable" and the European Union is ready to issue a riposte, French finance minister Bruno Le Maire said on Tuesday.
Bankrupt California power producer PG&E Corp did not properly inspect and replace transmission lines before a faulty wire sparked a wildfire that killed more than 80 people in 2018, a probe by a state regulator has concluded.
UK-based international cinema chain Cineworld Group plc on Tuesday warned that revenue for the full year is expected to be slightly below the company's expectations due to weaker box office demand.