Oil falls on fears of a global economic downturn
Oil prices fell on Monday amid worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as oil.
Saudi Aramco aims to buy Reliance stake, reports 12% earnings slide
Saudi Aramco is planning a blockbuster investment in Reliance Industries , the Indian firm announced on Monday, as the energy giant diversifies its business, where weaker oil prices pared its first-half profit by 12%. State-run Aramco disclosed its …
Yen and bond bulls charge on as share markets falter
Yen and bond bulls charged on Monday while stocks struggled again, amid ongoing worries that a prolonged U.S.-China trade war and damaging Brexit could tip top economies into recession.
Saudi Aramco to buy Reliance stake, reports 12% earnings slide
Saudi Aramco reported a 12% fall in half-year net profit on Monday, yet remained the world’s most profitable company, while India’s Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.
Oil falls on lower demand outlook, U.S.-China trade dispute
Oil prices fell on Monday amid worries about an economic slowdown and the U.S.-China trade war, which have led to a cut in the outlook for global oil demand.
Sensor specialist AMS triggers bidding war for Osram
Shares in Osram soared after Austrian sensor maker AMS triggered a bidding war for the German lighting group, saying it was ready to trump Bain and Carlyle with a cash offer valuing the company at 4.3 billion euros ($4.8 billion).
New ABB CEO is committed to at least five years at company
New ABB Chief Executive Bjorn Rosengren is committed to at least five years with the Swiss engineering group, Chairman Peter Voser said on Monday.
Iberdrola to sell 40% stake in UK wind project for 1.6 billion pounds
Spanish energy firm Iberdrola has agreed to sell a 40% share in British offshore wind project East Anglia One to the Green Investment Group, it said on Monday.
ABB’s largest shareholder pleased with new CEO appointment
ABB’s largest shareholder Investor AB is pleased with the appointment of Bjorn Rosengren as the new chief executive of the engineering group, the Swedish investment company said on Monday.
ABB shares jump as new CEO raises turnaround hopes
ABB shares jumped more than 4% on Monday as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik to be its next chief executive.
