ConocoPhillips has agreed to sell its northern Australian business to its partner Santos Ltd for $1.39 billion, in a deal that will boost the Australian oil and gas group's output by 25%.
Asian share markets pushed higher on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen.
China's exports fell at a faster pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.
China's iron ore imports rose for a third straight month in September to a 20-month high, according to customs data released on Monday, fueled by firm demand at steel mills and stable shipments from big miners.
Oil prices were little changed on Monday, holding onto 2% gains from Friday amid renewed geopolitical tensions in the Middle East, while a detente in the U.S.-China trade war buoyed market sentiment.
ConocoPhillips has agreed to sell its northern Australian business to partner Santos Ltd for $1.39 billion, in a deal that will hike the Australian group's output by 25% and boost its position in the global gas market.
SoftBank Group Corp. has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said.
Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it's hiring more workers, considering an expansion, and picking and choosing orders.
China's crude oil imports in September rose 10.8% from a year earlier as refiners ramped up output amid stable profit margins and solid fuel demand.
Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetite, though investors were wary of the damage already done to the global economy.
China's soybean imports in September fell 13.5% from the previous month, customs data showed on Monday, as an epidemic of African swine fever that has slashed China's pig herd reduced demand for soymeal.
China's copper imports in September rose 10.15% from a month earlier to 445,000 tonnes, the highest level in eight months, data from the General Administration of Customs showed on Monday.
China's rare earth exports in September fell 17.9% from August, customs data showed on Monday, amid lingering fears that the world's top producer of the minerals will restrict supply because of its trade row with the United States.
About 43% of cyberattacks are aimed at small businesses. On average, these cost $200,000, putting 60% of these companies out of business in six months.
Emirates still has the right to offer flights to Mexico City, the Dubai state-owned carrier said on Sunday, after Mexican airline Aeromexico disputed an agreement between the United Arab Emirates and Mexico.