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Oil sinks while stocks gain on North Korea, euro shaken by Italy

TOKYO U.S. oil futures hit six-week lows on expectations major producers may ease output curbs on Monday, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit.

Recent Business News

Oil slumps as OPEC, Russia look to raise output amid U.S. surge

SINGAPORE Oil prices slumped on Monday, extending steep declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show no signs of abating.

Russia, Saudi Arabia 1:18am EDT

Blackstone bets big on Australian offices with $2.3 billion Investa bid

SYDNEY U.S. private equity giant Blackstone Group is seeking to deepen its exposure to Australian commercial property with a A$3.08 billion ($2.3 billion) bid for Sydney-focused company Investa Office Fund (IOF) .

1:02am EDT

German carmakers morally obliged to refit dirty diesels: minister

BERLIN German carmakers have a moral obligation to refit heavily polluting diesel vehicles on the country's roads, environment minister Svenja Schulze said, but conceded that the government had no legal means to make them do so.

May 27 2018

Australia increases Takata air bags recall to just under four million cars

SYDNEY Australia said on Monday it was recalling an additional 1.1 million cars fitted with Takata Corp air bags, increasing the size of the country's biggest ever compulsory recall to just under four million cars.

May 27 2018

Trading in Samsonite shares halted, pending statement

HONG KONG Trading in shares of Samsonite International SA was suspended on Monday pending a statement from the world's largest luggage maker, just days after a short seller accused it of questionable accounting practices and poor governance.

May 27 2018

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