Oil falls, Brent posts biggest quarterly drop this year on demand fears
Oil prices fell on Monday on fading concerns of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia, but global benchmark Brent posted its biggest quarterly loss this year on demand fears due to the escalating U…
Saudi Aramco restored oil output to pre-attack level: trading unit chief
Saudi Aramco has restored full oil production and capacity to the levels they were at before attacks on its facilities on Sept. 14, the chief executive officer of its trading arm, Ibrahim Al-Buainain, said on Monday.
WeWork throws in the towel on its ill-fated IPO
WeWork’s parent The We Company on Monday filed to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer.
Apple and Merck drive Wall Street higher as trade worries abate
U.S. stocks rose on Monday, helped by surges in Apple and Merck & Co as investors set aside worries about the U.S.-China trade war.
Stocks inch higher as investors downplay escalating trade war
(This September 30 story has been refiled to correct company name in paragraph 11 to “Amundi” from “Amundi Pioneer”)
Oil drops 2% on Chinese data, Saudi output recovery
Oil fell nearly 2% on Monday as China’s economic outlook remained weak amid an ongoing trade war with the United States and market fears of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia faded.
Global stocks stalled in third-quarter as bonds boom and dollar zooms
It has been a pivotal few months for financial markets. China and Europe have halted the global stocks rally, oil has cooled dramatically and rising recession worries have sent gold and government bonds charging again.
Saudi Aramco restored full oil capacity to pre-attack level: trading unit chief
Saudi Aramco has restored full oil production and capacity to the level before attacks on its facilities on Sept. 14, the chief executive officer of its trading arm Ibrahim Al-Buainain said on Monday.
Apple-led tech rally drives Wall Street higher
U.S. stocks were higher on Monday after the technology sector surged on the back of gains in Apple shares, helping Wall Street’s major indexes recoup most of their losses from the previous session.
Factbox: Major U.S. retail bankruptcies since 2017
Forever 21 Inc on Sunday became the latest U.S. retailer to file for bankruptcy, succumbing to the twin challenges of changing consumer tastes and a relentless shift to online shopping.
