Oil rises as Saudi output dips, U.S. drilling stalls
Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau.
Consultation prize: U.S.-China trade war fires bonanza for advisory firms
As U.S. and Chinese firms rush for outside expertise on how to handle fallout from the escalating trade war between the two nations, consultants on everything from management to logistics say they have seen soaring demand for their services.
HSBC posts small rise in first-half profit, as expenses, U.S. settlement weigh
HSBC Holdings Plc posted a small increase in first-half pretax profit, as rising expenses from investments in a new growth strategy and a $765 million provision against sale of U.S. mortgage securities ate into higher revenues.
Asian stocks trim gains as China, Japan swing to red, trade fears weigh
Asian shares pared gains on Monday as Chinese stocks swung into negative territory, dragged lower by the escalating Sino-U.S. trade war, though Beijing’s efforts to stop sharp declines in the yuan helped support the currency.
Japan’s Universal says former chairman Okada arrested in Hong Kong
Japanese gaming group Universal Entertainment Corp said on Monday its former chairman Kazuo Okada was arrested in Hong Kong by the territory’s Independent Commission Against Corruption in relation to multiple corruption-related offences.
Friendship no more: how Russian gas is a problem for Germany
For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War.
HSBC first-half pretax profit rises 4.6 percent, second quarter beats estimates
HSBC Holdings Plc said on Monday its pretax profit rose 4.6 percent for the first half of the year, as Europe’s biggest bank showed early progress in its strategy of returning to growth mode after years of restructuring.
U.S. bond market takes looming Treasuries deluge in stride
U.S. government debt supply will likely continue to boom, but bond market investors seem to be taking it in stride.
Trump’s trade ‘extortion’ won’t work, China state media says
Chinese state media on Monday lambasted U.S. President Donald Trump’s trade policies in an unusually personal attack, and sought to reassure investors anxious about China’s economy as growth concerns battered its financial markets.
Asian stocks trim gains as China swings to red, trade fears weigh
Asian shares pared gains on Monday as Chinese stocks swung into negative territory, driven lower by the escalating Sino-U.S. trade war, though Beijing’s efforts to stop sharp declines in the yuan helped support the currency.
