U.S., China trade talks on positive track: PBOC’s Yi
Trade negotiations between China and the United States at a G20 meeting over the weekend went better than expected and provide a positive roadmap for further talks, People’s Bank of China Governor Yi Gang said on Monday.
Coca-Cola free to sell energy drink under Monster contract: Arbitration panel
Coca-Cola Co said on Monday an arbitration tribunal informed the beverage maker that it could sell its energy drink under the terms of the contract with Monster Beverage Corp .
EQT’s largest shareholder sides with Rice nominees in proxy fight
Natural gas producer EQT Corp’s largest shareholder on Monday extended its support for the nominees of Toby and Derek Rice, the two brothers who sold their company to EQT more than a year ago and are pressing for changes to its board.
Russia cut oil output by 278,000 bpd in June: Ifax
Russia cut its oil output in June by an average of 278,000 barrels per day from levels seen last October, Interfax news agency cited Russian Energy Minister Alexander Novak as saying on Monday.
Walmart to invest $1.2 billion in China to upgrade logistics
Walmart Inc plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the U.S. retail giant said on its social media account on Monday.
Explainer: What extra U.S. farm products could China buy?
China has agreed to make unspecified new purchases of farm products from the United States, President Donald Trump said after meeting his Chinese counterpart Xi Jinping in Japan.
Applied Materials to buy Japan’s Kokusai to boost memory business
U.S. chip gear maker Applied Materials Inc on Monday agreed to buy Japan’s Kokusai Electric for $2.2 billion in cash from investment firm KKR & Co Inc , as it bets on rising demand for memory chips.
Wall St. eyes return to record highs as stocks cheer trade reprieve
Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to cut back wagers on aggressive policy easing by the major central banks.
Russia’s Novak says all producers favor nine-month oil output deal extension
Russian Energy Minister Alexander Novak said on Monday that all OPEC and non-OPEC countries favored extending their global oil output deal by nine months under the same terms agreed in December.
Most OPEC+ ministers back nine-month deal extension: Kazakh minister
Kazakh Energy Minister Kanat Bozumbaev said on Monday that most ministers representing OPEC and non-OPEC countries at talks in Vienna favor extending their global oil output deal by nine months.
