Daimler's main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters.
China's industrial output and retail sales growth accelerated more than expected in November, suggesting resilience in the economy as Beijing seeks to prop up domestic demand amid the trade war with the United States.
Saudi Aramco's shares went up slightly to 37 Saudi riyals ($9.87) in a pre-market auction on Sunday, Refinitiv data showed, putting the company's market value slightly below $2 trillion.
Oil prices fell but remained near three-month highs on Monday after the United States and China agreed to an initial trade deal, a move market participants said could stoke oil demand and boost trade flows.
China and the United States should continue bilateral trade talks and work toward removing all existing tariffs, China's National Bureau of Statistics spokesman Fu Linghui said on Monday.
Budget airline Jetstar said on Monday it would cut domestic capacity by around 10% in January due to industrial action by pilots and was considering the sale of three Boeing Co 787-8 jets serving loss-making international routes.
A broad gauge of Asian share markets hit nearly eight-month highs on Monday after the United States and China agreed a preliminary trade deal, and amid policy-easing hopes in Australia, but profit-taking and caution over the deal's details capped gains.
Walt Disney Co will launch its Disney+ streaming service on Vivendi SA's pay-TV business Canal+ platform by the end of March next year, executives of the two groups said in a joint interview released in the daily Les Echos on Sunday.
Mexico's deputy foreign minister for North America, Jesus Seade, on Sunday attempted to rebut claims his country would be subject to labor enforcement inspectors from other countries as part of the new North American trade deal.
Asian shares ticked higher on Monday as investors cheered an announced trade agreement between Beijing and Washington over the weekend although jubilation was capped by prevailing scepticism about the deal.
Boeing Co is considering whether to cut or halt production of its grounded 737 MAX after the Federal Aviation Administration said last week it would not approve the plane's return to service before 2020, a person briefed on the matter said on Sunday.
The "phase one" U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is "totally done" despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on Sunday.
Oil prices on Monday slid off near three-month highs hit last week as investors searched for clarity beyond the initial impact of a trade deal between the United States and China that's expected to boost flows between the top two global economies.
International Flavors & Fragrances Inc on Sunday said it will merge with DuPont Inc's $26.2 billion nutrition & biosciences unit, in a deal that will create a new combined company.
Asian shares moved higher on Monday as investors welcomed a trade agreement between Beijing and Washington over the weekend, but enthusiasm was capped by lingering scepticism about the deal and ongoing relations between China and the United States.