Oil prices slip as demand worries outweigh OPEC supply cuts
Oil prices slipped on Tuesday as worries that a weakening global economy would dent demand for the commodity outweighed OPEC’s decision to extend supply cuts until next March.
USTR proposes $4 billion in potential additional tariffs over EU aircraft subsidies
Just days after reaching a truce in the U.S.-China trade war, the U.S. government on Monday ratcheted up pressure on Europe in a long-running dispute over aircraft subsidies, threatening tariffs on $4 billion of additional EU goods.
Exxon quarterly profit to feel pinch of weaker natural gas, chemical earnings
Exxon Mobil Corp said on Monday lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat profits sequentially and down from a year-earlier.
After explosions, Brazil power transmission companies remove GE equipment
After an unusual number of explosions, several Brazilian power transmission companies have started removing a piece of equipment made by General Electric Co , a blow for GE’s Brazil unit as it battles competing suppliers from China and India.
Trump says any China trade deal would need to be somewhat tilted in U.S. favor
President Donald Trump said on Monday that trade talks with China were under way and any deal would need to be somewhat tilted in favor of the United States.
Trade hopes lift S&P to record as tech leads
U.S. stocks climbed on Monday, but finished off earlier highs, led by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei.
Instant view: OPEC’s nine-month oil output curb boosts price outlook, shale
OPEC ministers on Monday agreed to extend the oil producers’ group supply cuts until early 2020 to prop up crude prices and offset the risk of a market glut amid growing U.S. output and a weakening global economy.
Southwest expects Boeing 737 MAX cancellations beyond Oct. 1: CEO
Southwest Airlines expects it will have to remove the grounded Boeing Co 737 MAX jets from its flying schedule beyond the current Oct. 1 re-entry date following the discovery of a fresh safety issue, Chief Executive Gary Kelly told employees on Monda…
WPP in exclusive talks to sell Kantar stake to Bain Capital
WPP is in exclusive talks to sell a majority stake in its data analytics unit Kantar to private equity firm Bain Capital, it said on Monday, in a $4 billion deal aimed at steering the world’s biggest advertising company back to growth.
Stocks rise on trade hopes, but off from earlier high
U.S. stocks climbed on Monday, but were well off highs that sent the S&P 500 to a record, fueled by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei.
