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Xiaomi puts indefinite delay on CDRs in blow to China's plans for tech listings

HONG KONG Chinese smartphone maker Xiaomi Corp said on Saturday there is no time frame for a mainland share offering, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.

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OPEC agrees modest hike in oil supply after Saudi and Iran compromise

VIENNA OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs. | Video

Jun 22 2018

South Korean steelmaker POSCO names head of Posco Chemtech as candidate for next leader

SEOUL South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company.

4:03am EDT

Big Oil eyes U.S. minority groups to build offshore drilling support

WASHINGTON The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration's proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.

Jun 22 2018

Bitcoin falls to four-month low in persistent bearish trend

NEW YORK Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan's financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.

World, Tech, Japan Jun 22 2018

VW may seek damages from ex-CEO Winterkorn over dieselgate

FRANKFURT Volkswagen is reviewing whether to seek damages from former Chief Executive Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper.

Jun 22 2018

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