Stock futures edge lower ahead of inflation data
U.S. stocks were on course to open lower on Monday after hitting another closing high in the previous session, as investors awaited inflation data and a fresh batch of earnings.
Tesla says may seek alternative financing sources
Tesla Inc said on Monday it could seek alternative sources of financing although it expects cash generated from its business to be enough to fund its investments and pay down debt for at least the next 12 months.
ZTE Corp swings to first-quarter profit of 862.6 million yuan
China’s ZTE Corp reported on Monday a first-quarter profit of 862.6 million yuan ($128.2 million), as expected, up from 276 million yuan in the preceding three months, as it recovered from last year’s U.S. sanctions.
Iran says U.S. sanctions on its oil industry will damage market stability
U.S. sanctions against Iran’s oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday.
Anadarko to resume talks with Occidental on ‘superior’ $38 billion bid
Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid lodged in competition with an earlier $33 billion bid from Chevron Corp.
Oil falls after Trump presses OPEC to offset Iran sanctions
Oil prices fell on Monday, extending the Friday decline that halted a weeks-long rally, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
U.S. oil-storage industry fines soar on air, water violations
Fines for violations of air, water and waste regulations by U.S. petroleum storage facilities so far this year have exceeded all of last year – even without including two major Houston-area disasters in the last month still under investigation – accord…
Spotify revenue beats on higher paid subscriber addition, shares rise
Spotify Technology SA reported a better-than-expected rise in first-quarter revenue on Monday as the music streaming company hit 100 million paid subscribers for its premium service, sending its shares up nearly 5 percent.
Emirates says full-year results will not be as good as in previous years
Dubai state-owned airline Emirates will report “positive” full-year results next month but they will not be as good as in previous years due to higher fuel costs and unfavourable currency moves, the company’s president said on Monday.
EU accepts Visa and Mastercard fees offer to end antitrust probe
The European Union has accepted an offer by Visa and Mastercard to cut fees on payments made by tourists using cards issued outside the bloc to stave off fines and end an EU antitrust investigation.
