[ad_1] TOKYO (Reuters) – Asian shares edged higher on Monday after data showed the U.S. unemployment rate dropped to the lowest in almost 50 years, easing concerns of a slowdown in the world’s largest economy.
Oil prices on ebb tide as gloom gathers over global economy
[ad_1] SINGAPORE (Reuters) – Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on
Some $71 billion of Japanese coal assets at risk from cheaper renewables
[ad_1] LONDON (Reuters) – As much as $71 billion of Japanese coal assets could be at risk as the economic viability of plants is undermined by cheaper renewable energy, research by the University of Tokyo,
Gold rises ahead of U.S.-China trade negotiations
[ad_1] (Reuters) – Gold prices advanced on Monday as markets braced for U.S.-China trade negotiations during the week with lesser hopes of a breakthrough, following a report that Chinese officials may not be as willing
HSBC to cut up to 10,000 jobs in drive to slash costs – FT
[ad_1] HSBC logos are seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid (Reuters) – HSBC Holdings Plc (HSBA.L) is planning to cut up to 10,000
Talks between UAW and GM take ‘turn for the worse’ – union official
[ad_1] DETROIT (Reuters) – Talks for a new four-year labour contract between General Motors Co (GM.N) and its striking workers took a “turn for the worse” on Sunday after the United Auto Workers rejected the
Airline bankruptcies surge, leaving rivals vying for planes
[ad_1] PARIS (Reuters) – Airline bankruptcies have increased this year at the fastest ever rate, led by the collapse of India’s Jet Airways, British travel group Thomas Cook and Avianca of Brazil, according to industry
Indian police arrest former MD Thomas of fraud-hit PMC Bank
[ad_1] NEW DELHI (Reuters) – Indian police on Monday arrested Joy Thomas, the former managing director of Punjab and Maharashtra Co-operative Bank (PMC), which has been accused of creating fictitious accounts to hide loans, a
U.S. airlines grapple with ‘unfair tax’ that adds to aircraft supply disruption
[ad_1] WASHINGTON/CHICAGO (Reuters) – U.S. airlines are scrambling to digest a new 10% tariff on European-made Airbus planes that threaten additional havoc in an aircraft supply market already reeling from frozen deliveries of Boeing Co’s
Exxon Mobil bars use of oil tankers linked to Venezuela – sources
[ad_1] FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young/File Photo LONDON/HOUSTON (Reuters) – Exxon Mobil Corp this week banned