Oil steady on easing U.S.-Iran tensions, eyes on China trade deal
Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand.
Asia shares touch new 19-month highs ahead of U.S.-China trade deal
Asian shares rose to new 19-month highs on Monday ahead of the expected signing on a Phase 1 China-U.S. trade deal, although markets have yet to see the details of the agreement.
Ford’s vehicle sales in China tumble for third consecutive year
Ford Motor Co’s China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles.
Ford’s vehicle sales in China tumble 26.1% in 2019
Ford Motor Co said on Monday that its China vehicle sales in 2019 fell 26.1% from a year earlier to 567,854 units, as the U.S. automaker continues to battle a prolonged sales decline in its second-biggest market.
Oil dips on easing U.S.-Iran tensions, eyes on China trade deal
Oil prices edged down on Monday as fears of conflict between the United States and Iran eased, although the decline was checked by the planned signing of an initial U.S.-China trade deal this week, which could boost demand.
Asia shares flatline, wait for U.S. and China to seal trade deal
Asian shares paused near 19-month peaks on Monday ahead of the expected signing on a Sino-U.S. trade deal, though talks on a phase two package are likely to drag on for months.
China’s U.S. trade deal commitments not changed in translation: Mnuchin
China’s commitments in the Phase 1 trade deal with the United States were not changed during a lengthy translation process and will be released this week as the document is signed in Washington, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
U.S. officials to visit Britain, pushing for Huawei 5G ban
A delegation of U.S. officials will arrive in Britain on Monday to try to persuade Britain not to use Huawei equipment in the upgrade of its telecoms network, two people with knowledge of the matter said on Sunday.
Peugeot family aims to quickly raise PSA-Fiat Chrysler stake: newspaper interview
The Peugeot family, which will own a 6.2% stake in the new carmaker resulting from PSA and Fiat Chrysler’s merger, aims to increase its holding as soon as possible, a representative said in a newspaper interview.
Pressure for 2020 as U.S. companies report end of weak profit year
As major U.S. corporations prepare to close the books on a lackluster year of profit growth, they may need to shore up confidence that 2020 will show significant improvement to keep the stock market’s rally going.
