September 16, 2019

Oil surges 20% after Saudi attack, softens on stockpile hopes

Oil prices surged nearly 20% at one point on Monday, with Brent crude posting its biggest intraday gain since the Gulf War in 1991, after an […]
September 16, 2019

Airbus, French exporters slip as U.S. tariffs loom in subsidy row

Shares in Airbus and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute […]
September 16, 2019

LG Display to replace its chief executive amid mounting losses

South Korea’s LG Display Co Ltd on Monday said it has named LG Chem President Jeong Ho-young as its new chief executive officer. Powered by WPeMatico
September 16, 2019

Osram advises investors to accept $4.8 billion offer from AMS

German lighting group Osram advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS and sell their shares to […]
September 16, 2019

Oil soars after attack on Saudi plants shuts in 5% of global supply

Oil prices soared on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian […]
September 16, 2019

UAW workers head for picket lines in first national strike against GM since 2007

The United Auto Workers (UAW) went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for […]
September 16, 2019

Oil soars after Saudi facility attacks, weak China data hits shares

Oil surged to four-month highs on Monday after weekend attacks on crude facilities in Saudi Arabia sparked supply fears, while shares in Asia extended losses as […]
September 16, 2019

OxyContin maker Purdue Pharma files for bankruptcy protection

OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly […]
September 16, 2019

Saudi attacks threaten U.S. gasoline price hikes, particularly in California

U.S. motorists most likely to feel the hit from rising gas prices following the attacks on Saudi Arabia’s oil facilities are on the West Coast, which […]
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