Exclusive: Exxon seeks to sell its stake in giant Azeri oil field – sources
Exxon Mobil is seeking to sell its stake inAzerbaijan’s largest oil field, once dubbed the “contract of the century”, as the U.S. oil and gas giant re-focuses its global operations, industry and banking sources said.
World stocks shrivel as trade truce doubts, economic woes gather
Deflating hopes of a swift resolution to the Sino-U.S. trade war knocked world stocks off three-week highs on Tuesday, while growing fears the U.S economy could be headed for recession sooner than expected weighed on the dollar.
Thomas Cook CDS hits record high on growing debt worries; shares sink
The cost of insuring debt issued by Thomas Cook against default hit a record high and its corporate debt tumbled on Tuesday as worries about the travel operator’s debt deepened following its second profit warning in as many months last week.
Apple assembler Foxconn considering iPhone factory in Vietnam -state media
Foxconn, the world’s biggest electronics contract manufacturer and a key Apple Inc supplier, is considering setting up a factory in Vietnam to mitigate any impact of an ongoing trade war between the United States and China, Vietnamese state media repor…
Oil jumps 2 percent on expectations of production cuts
Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply.
Nissan premium brand Infiniti’s global sales rise 6 percent on firm China growth
Global sales of Nissan Motor Co Ltd’s Infiniti rose 6 percent in November from a year earlier, as the premium brand weathered a deepening market slowdown in China to post strong growth, showed an Infiniti statement seen by Reuters.
Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union
Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labor union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn.
Audi to invest 14 billion euros in e-mobility, self-driving cars
Volkswagen’s premium auto brand Audi said on Tuesday it would invest 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization and autonomous driving.
Oil prices advance 1 percent on expectations of OPEC-led output cuts
Oil prices rose by more than 1 percent on Tuesday, extending bigger gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.
Asia shares slump as trade truce doubts gather
Asian shares fell on Tuesday as relief over a pause in escalation of the trade war between the U.S. and China gave way to doubt over the two countries’ ability to resolve differences.
