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Updated: 1 hour 8 sec ago

Allianz Global Investors prepared to sell Osram stake to AMS if no better option comes

11 hours 54 min ago
Allianz Global Investors , the biggest shareholder of Osram , is prepared to sell its stake to chipmaker AMS in the course of its 4.3 billion euro ($4.75 billion)takeover attempt if no better bid is made, a source said on Monday.
Categories: Financial Media

German petrol prices at pumps stable after Aramco attack: industry group

12 hours 4 min ago
The attacks against oil refineries in Saudi Arabia have so far had no impact on prices at filling stations in Germany, the country's Petroleum Industry Association said on Monday.
Categories: Financial Media

EU says need to determine Saudi attack facts before establishing blame

12 hours 9 min ago
The European Commission said on Monday it was important to determine the facts behind the attack on Saudi Arabia's oil facilities before establishing who was responsible.
Categories: Financial Media

U.S. energy secretary says oil market robust after attack on Saudi plants

12 hours 18 min ago
The oil market is resilient and will react positively to the attack on Saudi Arabia's oil industry, U.S. Energy Secretary Rick Perry said on Monday, blaming the attack firmly on Iran.
Categories: Financial Media

Releasing oil reserves is joint decision of IEA: Germany

12 hours 19 min ago
The German government said on Monday its supply of oil was not affected by attacks at the weekend against Saudi refineries and any decision to release strategic reserves needed to be made jointly with members of the International Energy Agency (IEA).
Categories: Financial Media

Saudi Aramco swaps crude on tanker to heavy from light grade: source

12 hours 32 min ago
Saudi Aramco has changed the type of crude loading onto a tanker due to go to Asia to Arab Heavy from Arab Light, a source familiar with the matter said.
Categories: Financial Media

Oil soars after Saudi supply shock, stocks slide

13 hours 14 min ago
Oil prices climbed to four-month highs on Monday and world stocks slid after weekend attacks on crude facilities in Saudi Arabia shut about 5% of the world's supply and fueled worries over the impact of an oil shock on economic growth.
Categories: Financial Media

Airbus, French exporters slip as U.S. tariffs loom in subsidy row

13 hours 49 min ago
Shares in Airbus and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute over aircraft subsidies.
Categories: Financial Media

LG Display to replace its chief executive amid mounting losses

14 hours 3 min ago
South Korea's LG Display Co Ltd on Monday said it has named LG Chem President Jeong Ho-young as its new chief executive officer.
Categories: Financial Media

Osram advises investors to accept $4.8 billion offer from AMS

14 hours 50 min ago
German lighting group Osram advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive.
Categories: Financial Media

Oil surges after attack on Saudi oil facilities shuts in 5% of global supply

15 hours 15 min ago
Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut over 5% of global supply.
Categories: Financial Media

Factbox: Saudi oil attack puts spotlight on global emergency stockpiles

15 hours 16 min ago
Governments worldwide may need to follow U.S. President Donald Trump's move to tap emergency oil stockpiles if top exporter Saudi Arabia is unable to quickly repair the damage inflicted by attacks on its energy industry on Saturday.
Categories: Financial Media

Oil soars after attack on Saudi plants shuts in 5% of global supply

17 hours 6 min ago
Oil prices soared on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut about 5% of global supply.
Categories: Financial Media

UAW workers head for picket lines in first national strike against GM since 2007

17 hours 29 min ago
The United Auto Workers (UAW) went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for the picket lines in the morning, union officials said early Monday.
Categories: Financial Media

Oil soars after Saudi facility attacks, weak China data hits shares

17 hours 38 min ago
Oil surged to four-month highs on Monday after weekend attacks on crude facilities in Saudi Arabia sparked supply fears, while shares in Asia extended losses as bleak economic data from China sapped investors' risk appetite.
Categories: Financial Media

OxyContin maker Purdue Pharma files for bankruptcy protection

18 hours 2 min ago
OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic.
Categories: Financial Media

Volkswagen agrees to Australian settlement over diesel cheating

18 hours 29 min ago
Volkswagen said on Monday it had agreed to pay up to A$127 million ($87.3 million) to settle lawsuits brought on behalf of thousands of Australian customers caught up in its global diesel emissions cheating scandal.
Categories: Financial Media

Dream Global REIT to be bought by Blackstone funds in $4.7 billion deal

19 hours 54 min ago
Dream Global Real Estate Investment Trust said funds managed by Blackstone Group Inc would buy the Canadian firm in a C$6.2 billion ($4.69 billion) deal.
Categories: Financial Media

Oil prices soar 10% after attack on Saudi facilities hits global supply

21 hours 16 min ago
Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia's oil facilities on Saturday that cut more than 5% of global oil supply.
Categories: Financial Media

Saudi attacks threaten U.S. gasoline price hikes, particularly in California

21 hours 30 min ago
U.S. motorists most likely to feel the hit from rising gas prices following the attacks on Saudi Arabia's oil facilities are on the West Coast, which accounts for nearly half of all of U.S. crude imports from the kingdom.
Categories: Financial Media

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