SYDNEY - Asian stock markets rose on Monday, with China stocks nearing a seven-year peak on hopes for more infrastructure spending and policy stimulus, while oil prices suffered further from excess supply.
Recent Business News
NEW YORK - Ford Motor Co will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China.
SEOUL - South Korea chose on Monday Korea Aerospace Industries Ltd , which expects to partner Lockheed Martin Corp , to develop a mid-level fighter jet that will cost around 8.7 trillion won ($7.88 billion).
NEW YORK - Fidelity Investments, a major investor in DuPont , has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people close to the matter.
PARIS - Volvo Cars will invest $500 million in its first U.S. assembly plant under plans announced on Monday, plugging a longstanding gap in the Swedish carmaker's manufacturing base as it pursues a global comeback under Chinese ownership.
SINGAPORE - Flag carrier Oman Air has ordered 20 Boeing Co 737 aircraft as part of a plan to double its fleet to 70 planes by 2020, Chief Executive Paul Gregorowitsch said on Monday.