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Updated: 11 hours 51 min ago

Oil rises after OPEC+ says to keep output cuts

Mon, 05/20/2019 - 13:25
Oil hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support.

Corrected: China's CNPC breaks into Myanmar fuel retailing with Singapore brand

Mon, 05/20/2019 - 13:23
(This story was corrected to remove reference to the storage facility in paragraph 23)

Greenpeace activists block BP London HQ demanding end to oil exploration

Mon, 05/20/2019 - 13:07
Greenpeace activists blocked the entrance to BP's London headquarters on Monday, demanding one of the world's biggest energy companies ends all new oil and gas exploration or goes out of business.

U.S., China bicker over 'extravagant expectations' on trade deal

Mon, 05/20/2019 - 12:57
China accused the United States on Monday of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as U.S. action against China's technology giant Huawei began hitting the global tech sector.

China's tech transfer problem is growing, EU business group says

Mon, 05/20/2019 - 12:43
Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country's regulatory environment is "bleak".

Qatar not invited to emergency Arab summits in Saudi Arabia: Qatari official

Mon, 05/20/2019 - 12:14
Qatar has not been invited to two regional summits called to discuss attacks on Saudi oil assets, a Foreign Ministry official said on Monday.

Global Markets: European shares hobbled as worries about Huawei fallout mount

Mon, 05/20/2019 - 11:59
European stocks slipped on Monday as concerns about an escalating fallout from a U.S. crackdown on China's Huawei Technologies offset a slightly more positive tone on trade.

U.S. to encourage investment in Palestinians as first part of peace plan

Mon, 05/20/2019 - 11:58
The White House will unveil the first part of President Donald Trump's long-awaited Israeli-Palestinian peace plan when it holds an international conference in Bahrain in late June to encourage investment in the West Bank and Gaza Strip, senior U.S. officials said on Sunday.

EM stocks rebound, Indian markets cheer exit polls showing Modi win

Mon, 05/20/2019 - 11:54
Emerging market stocks and currencies rose on Monday, with Indian assets cheering exit polls suggesting a victory for the ruling party in general elections, while the intensifying Sino-U.S. trade war kept the pressure on Chinese equities.

Factbox: As election dust settles, jobs, trade, security high on government's to-do list

Mon, 05/20/2019 - 11:46
Exit polls after the end of India's general election on Sunday showed Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its allies retaining power with an overwhelming majority.

Exclusive: Google suspends some business with Huawei after Trump blacklist - source

Mon, 05/20/2019 - 11:31
Alphabet Inc's Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world.

In coal we trust: Australian voters back PM Morrison's faith in fossil fuel

Mon, 05/20/2019 - 11:31
Australia's re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, "This is coal - don't be afraid!" His surprise win in what some dubbed the 'climate election' may have stunned the country, but voters should know what comes next in energy policy - big coal.

Year-old Xinhua alert spreads proclaiming U.S.-China trade row ceasefire

Mon, 05/20/2019 - 10:58
China’s official Xinhua news agency condemned the spreading of "false news" on Monday after some websites published a year-old alert announcing a ceasefire in the Sino-U.S. trade dispute.

Gold hits two-week low as dollar eclipses metal's safe-haven appeal

Mon, 05/20/2019 - 10:56
Gold prices fell to a more than two-week trough on Monday as strong U.S. economic data underpinned the dollar, boosting its safe-haven status over gold amid political and trade tensions.

Ryanair profit hits four-year low, warns of further pain

Mon, 05/20/2019 - 10:47
Ryanair reported its weakest annual profit in four years and said earnings could fall further as Europe suffers what Chief Executive Michael O'Leary described as "attritional fare wars."

Bank staff flagged Trump, Kushner transactions for watchdog: New York Times

Mon, 05/20/2019 - 09:52
Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday.

Indian markets cheer Modi's likely return to power

Mon, 05/20/2019 - 09:21
Indian markets rallied on Monday after exit polls showed Prime Minister Narendra Modi was set to win a second term after a general election with an even bigger mandate than in 2014.

Indian rupee surges on exit polls showing easy win for ruling party

Mon, 05/20/2019 - 09:07
The Indian rupee on Monday strengthened over 1 percent after exit polls suggested the country's just-concluded general election will give a fresh mandate to the coalition led by Prime Minister Narendra Modi.

Huawei CFO house arrest contrasts with Canadians detained in China

Mon, 05/20/2019 - 08:05
Huawei Chief Financial Officer Meng Wanzhou described her house arrest in Vancouver as "restricted to a limited space" even as she spent her past six months in a six-bedroom, multi-million dollar Canadian home.

Trump says tariffs making companies leave China, a deal can't be '50-50'

Mon, 05/20/2019 - 08:02
U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a "50-50" deal.