Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings in the event of unplanned outages, analysts say.
Uber Technologies Inc shares were set to fall another 7per cent on Monday, doubling losses since its poorly-received Wall Street debut on Friday and raising more questions about investors' faith in its ability to make profits.
Bed Bath & Beyond Inc said on Monday Steven Temaras has stepped down as chief executive officer, effective immediately.
Canada's WestJet Airlines Ltd said on Monday it will be acquired by private equity firm Onex Corp in an all-cash deal valued at CUS$5 billion (US$3.72 billion), including debt.
DBS' chief information officer and group head of operations David Gledhill is departing the bank to return to the UK, The Business Times (BT) understands.
Volkswagen truck brand Scania has signed a battery supply deal with Sweden's Northvolt and is in talks about making an equity investment as part of the startup's efforts to raise 1.5 billion euros, Scania's chief executive said.
China car sales fell 14.6 per cent in April, an official industry association said on Monday, extending a slump in a massive auto market that has long been a cash cow for the industry.
SARAJEVO: Balkan telecoms and media company United Group B.V. plans to expand in its markets in southeastern Europe and invest 700 million euros (US$786.4 million) over five years there, the company's CEO told Reuters in an interview. "Our plans have accelerated, so we've been investing (at an) ...
Struggling Japanese engineering firm Toshiba on Monday reported improved full-year net profit thanks to the sale of its chip business, but said operating profit was sharply down.
THE cryptocurrency trading platform COSS.io has delisted "with immediate effect" KAYA tokens issued via an initial coin offering (ICO) by fintech group Marvelstone's Lattice80.
