Monday, 30 September 2019

Exclusive: Mexico's Pemex seeks control of U.S. oil firm's billion-barrel find

Exclusive: Mexico's Pemex seeks control of U.S. oil firm's billion-barrel find

When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico's southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the oil industry was nationalized eight decades earlier.

WeWork throws in the towel on its ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer.

Apple and Microsoft push Wall Street higher as trade worries abate

U.S. stocks climbed on Monday, helped by gains in Apple, Microsoft and Merck & Co, as investors set aside worries about the U.S.-China trade war.

Stocks inch higher as investors downplay escalating trade war

A rise in U.S. technology stocks and better-than-expected economic data in China pushed global equity markets higher Monday, despite reports that Washington was considering escalating its trade war with China by delisting Chinese companies from U.S. exchanges.

Thomas Cook customers may face two-month delay for refunds: watchdog

Britain's aviation regulator said on Monday that refunds of bookings by Thomas Cook customers could take longer than expected as the regulator does not have all information needed from the collapsed travel firm.

Egypt operator owed $7.7 million by Thomas Cook: chairman

Thomas Cook has dues of 125 million Egyptian pounds ($7.7 million) to local operator Blue Sky Group, Blue Sky's chairman Hossam El-Shaer said on Monday.

Oil falls, Brent posts biggest quarterly drop this year on demand fears

Oil prices fell on Monday on fading concerns of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia, but global benchmark Brent posted its biggest quarterly loss this year on demand fears due to the escalating U.S.-China trade war.

On U.S. delisting threat, China says 'decoupling' would harm both sides

China warned on Monday of instability in international markets from any "decoupling" of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges.

Saudi Aramco restored oil output to pre-attack level: trading unit chief

Saudi Aramco has restored full oil production and capacity to the levels they were at before attacks on its facilities on Sept. 14, the chief executive officer of its trading arm, Ibrahim Al-Buainain, said on Monday.

Explainer: What delisting Chinese firms from U.S. stock markets could mean

U.S. President Donald Trump's administration is considering forcing Chinese firms to delist from U.S. stock exchanges, according to sources, a move that would escalate U.S.-China tensions and could throw some of China's biggest companies into chaos.

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