Royal Dutch Shell Quits Major UAE Gas Project
Royal Dutch Shell said Monday it will quit a major gas development in the United Arab Emirates amid a broad shake up of the company's strategy and the worst rout in energy prices since the 1980s.
Royal Dutch Shell said Monday it will quit a major gas development in the United Arab Emirates amid a broad shake up of the company's strategy and the worst rout in energy prices since the 1980s.
When China's government reports Tuesday on the economy's performance last year, one central question will have already been answered: Growth slowed to its most anemic pace in a quarter century.
Oil prices reached a 2003 low below $28 per barrel on Monday as the market braced for a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend.
Gold steadied in holiday-thinned trade on Monday, underpinned by a slide in crude oil prices to 12-year lows and persistent weakness in world stock markets, which prompted investors to seek assets considered a safe store of value.
The sanctions relief process of the Iran nuclear agreement began Saturday. Among the developments was the U.S. authorization for foreign units of American companies to strike business deals with Iran.
French President François Hollande said Monday he will pour more than $2.2 billion in public money as part of an emergency plan to combat the unrelenting rise in unemployment.
U.S. crude prices continued to slide Monday, falling more than 1% to below $29 per barrel.
Oil prices remained below $30 a barrel Monday but the Organization of the Petroleum Exporting Countries is optimistic the market will start to rebalance itself this year.
There are strong indications that the ground is shifting beneath the landscape that last year generated merger and acquisition deals valued at an unprecedented value of more than $5 trillion.
Democratic White House candidate Bernie Sanders went on the offensive against front-runner Hillary Clinton on Sunday in the most contentious of their four presidential debates.
A SpaceX Falcon 9 rocket blasted off from California on Sunday and put a climate-monitoring satellite into orbit, but botched an attempted return landing on a platform at sea, officials said.
Hong Kong's benchmark index dropped to its lowest level in more than three years on Monday, with investors' risk appetites soured by resumed declines in oil prices plus Friday's tumbles for share prices in the United States and Europe.
China stocks bounced off 13-month intraday lows early Monday and closed higher.
Japanese stocks fell on Monday amid continued unease over China's economic outlook and the slide in crude oil prices.
U.S. stock futures rose on Monday in a shortened session of trading on Monday, , as oil prices pared back losses made in early European trading hours.
U.S. crude trades lower by more than 1%, around $29 per barrel , as the market braced for a jump in Iranian exports.
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