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Saudi Aramco to prioritise energy supply to China for 50 years, says CEO

Saudi Aramco will ensure China's energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser said

China's Great Wall to launch new brand for off-road vehicles: Chairman

China's Great Wall Motor will launch a new standalone brand for its off-road vehicles, chairman Wei Jianjun said, as automakers pursue new segments when sales in world's biggest car market pick up

Oil prices decline as European coronavirus lockdowns douse recovery hopes

Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading

Australia's Crown Resorts receives $6.2 billion proposal from Blackstone

Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from US private equity giant Blackstone, sending its shares 19% higher

Investors urge Europe to prioritise climate in agriculture reform

A $2 trillion group of investors urged the European Commission to be more ambitious in planned overhaul of the bloc's huge farming subsidy programme to fight climate change and protect biodiversity

Turkish lira slums toward record low on central bank woes, yen gains

The Turkish lira slumped toward a record low versus the dollar after President Erdogan stunned investors over the weekend by replacing the hawkish central bank governor with a critic of high rates

Saudi Aramco to prioritise energy supply to China for 50 yrs, says CEO

Saudi Arabia, the world's biggest oil exporter, retained its position as China's top supplier in the first two months this year

Cathie Wood's Ark expects Tesla stock price to reach $3000 by 2025

Ark expects Tesla's market capitalization to reach as high as $4 trillion in the best-case scenario, according to a research note published here on Friday

China's economy is continuing steady recovery this year, says vice premier

Han also said China, the world's No.2 economy, will strengthen macro policy coordination with other countries

Saudi Aramco to cut capex after 2020 profit drops 44.4% over low oil prices

Aramco declared a dividend of $75 billion for 2020 and signalled it was seeing pickup in oil demand

Saudi Aramco 2020 net profit slumps 44.4% as coronavirus bites into demand

Saudi Arabian state oil giant Aramco on Sunday reported a 44.4% drop in 2020 net profit, hit by lower crude oil prices and volumes sold, and weakened refinery margins

IMF sees signs of stronger global recovery, but significant risks remain

IMF First Deputy Managing Director Geoffrey Okamoto said that in early April the Fund would update its January forecast for global growth of 5.5% to reflect additional fiscal stimulus spending in US

Qualcomm CEO says shortage of older chips likely to ease sooner

Qualcomm Inc CEO Steve Mollenkopf said he is seeing 'improvement' in efforts to ease chip shortages that have caused disruptions across several industries

Apple'a Cook, executives on tentative list of witnesses in Epic Games case

Apple Inc's CEO Tim Cook, software chief Craig Federighi and other executives were named on a tentative list of witnesses in the software giant's case against Epic Games

Musk says Tesla would be shut down if its cars spied in China, elsewhere

Tesla chief executive Elon Musk said on Saturday his company would be shut down if its cars were used to spy, his first comments on news that China's military has banned Teslas from its facilities

Elon Musk says would be good for US, China to increase mutual trust

Tesla Inc chief executive Elon Musk said on Saturday it would be good for the United States and China to have more trust in each other

US Jury tells Apple to pay $308.5 million for patent infringement

A federal jury in Texas said Apple Inc must pay about $308.5 million to Personalized Media Communications LLC (PMC) for infringing a patent associated with digital rights management

US Fed to let bank-leverage exemption expire this month, will review rule

Shares of the largest US banks fell after the news, with JPMorgan Chase & Co losing as much as 4 per cent before closing down 1.6 per cent on the day

Europe's Covid-19 pandemic setbacks risk another summer travel washout

Europe's airlines and travel sector are bracing for a second lost summer, with rebound hopes increasingly challenged by a hobbled Covid-19 vaccine rollout, resurgent infections and new lockdowns

Oil prices rise more than 2% but post weekly decline on demand fears

Oil rose more than 2% in volatile trading on Friday, but finished the week about 7% lower as a new wave of coronavirus infections across Europe dampened hopes that fuel demand would recover soon