Oil prices rise on supply worries, extend strong first-quarter gains
Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.
Denmark’s DSV to buy logistics company Panalpina in $4.6 billion deal
Swiss logistics group Panalpina has bowed to an increased 4.6 billion Swiss francs ($4.6 billion) bid from Danish rival DSV, ending a more than two month takeover battle designed to build scale in the consolidating transport sector.
Saudi Aramco hires banks ahead of debut multi-tranche dollar bond: document
Saudi Aramco, the world’s top oil producer, has hired banks ahead of a planned multi-tranche debut dollar bond issue, according to a document issued by one of the banks leading the deal and reviewed by Reuters.
Saudi Aramco gets first credit ratings ahead of bond debut
Saudi Aramco, the world’s top oil producer, has been rated A+ by Fitch and A1 by Moody’s in its first-ever credit ratings, ahead of the state oil giant’s first global bond sale and following 2018 earnings that dwarfed those of international oil majors….
Asian stocks rally as China’s factory bounce lifts confidence
Asian stocks powered higher on Monday as positive Chinese factory gauges and signs of progress in Sino-U.S. trade talks boosted sentiment, although another defeat for British Prime Minister Theresa May’s Brexit deal added to sterling’s woes.
Unexpected bounce in China’s factory activity, but Asia broadly weak
Factory activity in China showed a slight, surprising recovery last month, in a sign that stimulus injected into Asia’s growth engine may be yielding results, but worries of a global slowdown persisted due to weakness elsewhere in the region.
Japan’s business confidence hits two-year low as trade war stings
Japan’s business mood slumped to a two-year low in the March quarter, a central bank survey showed, underscoring concerns that Sino-U.S. trade tensions and softening global demand were taking a toll on the export-reliant economy.
Samsung C&T, Samsung Electronics almost double cost of finishing new chip line
Samsung C&T Corp and Samsung Electronics Co Ltd have almost doubled the size of a contract related to the construction of a semiconductor production line, taking the project’s total cost to 1.46 trillion won ($1.29 billion).
China’s factory activity picks up slightly, but Asia broadly weak
Factory activity in China showed a slight, surprising recovery last month, in a sign that stimulus injected into Asia’s growth engine may be yielding results, but worries of a global slowdown persisted due to weakness elsewhere in the region.
Rakuten says to book $990 million gain on Lyft investment
Japan’s Rakuten said on Monday it will book a 110 billion yen ($989.74 million) gain in the quarter through March on its investment in Lyft following the U.S. ride-hailing firm’s listing last week.
