WPX Energy to buy Delaware basin operator Felix in $2.5 billion deal
U.S. oil and gas producer WPX Energy Inc said on Monday it would buy privately held Felix Energy in a $2.5 billion deal, adding acreage in the Delaware Basin, which is part of the prolific Permian.
Global stocks gain as investors welcome preliminary U.S.-China trade deal
World stock markets rose on Monday, trading a notch below a record high hit last week on the back of a preliminary trade deal agreed between the United States and China.
Oil prices hold near three-month highs on U.S.-China trade deal
Oil prices held near three-month highs on Monday, supported by last week’s announcement of an initial trade deal between the United States and China.
Ousted Renault CEO Bollore raised concerns of governance problems at Nissan: report
Renault’s former chief executive Thierry Bollore, who was ousted in October, had sought to flag alleged conflicts of interest and governance problems at the company’s Japanese alliance partner Nissan before his departure, Le Monde reported on Monday.
Volvo Cars issues SEK 5 billion of preference shares to Swedish investors
Chinese-owned Volvo Cars said on Monday it had issued convertible preference shares worth 5 billion crowns ($519 million) to a group of Swedish institutional investors.
Cineworld tops North American box office with Cineplex deal
Cineworld will buy Canada’s Cineplex for $1.65 billion in cash, making the British firm the biggest cinema operator in North America as it looks to tackle increasing competition from online streaming services.
Electrolux’s shares skid after it warns of extra U.S. costs and savings delays
Shares in Electrolux plunged 12% on Monday after the appliance maker warned of a bigger than expected hit to fourth-quarter earnings at its North American business, and slashed its savings forecast for 2020 from its investment program.
Oil prices near three-month highs on U.S.-China trade deal
Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China.
H&M’s recovery continues as fourth quarter sales jump 9%
Fashion retailer H&M said on Monday its sales rose 9% in the fourth quarter, putting it on course to increase annual profits for the first time in four years following heavy investment in online and other services to adapt to a changing market. Shares in the world’s second-biggest apparel group were up 2% at 1000 GMT, outperforming the wider market in Stockholm .
U.S. top trade negotiator praises deal, China remains cautious
U.S. President Donald Trump’s top trade negotiator praised a “phase one” U.S.-China trade deal which is expected to nearly double U.S. exports to China over the next two years, while China remained cautious ahead of the signing of the agreement.
