Asia's oil deficit is expected to widen to 35M bpd by 2025, up nearly 30% from the current 27M bpd, an executive at France's oil and energy group Total stated.
Borrowing by the US companies for spending on capital investments increased 14% year-over-year in the month of August, a group representing equipment majors said.
The Chinese state planner stated that it is likely to promote the development of sharing economy and e-commerce to create encourage job creation.
Nike reported that its profit topped target in the first quarter, though a small increase in gross margins and unchanged 2019 forecast were not enough for investors, sending shares 4% down.
Zimbabwe's cotton output in 2018 increased to 130,000 tonnes from 70,000 tonnes the previous year, the highest level in 5 years, a data published by the Farmers Voice show.
The healthy and stable development of China-US relations are critical to both nations, the Chinese State Councilor and Foreign Minister Wang Yi says.
The Swiss pharmaceutical giant Novartis plans to cut around 2,200 jobs in Switzerland over the next four years to improve operational efficiency, the company says in a statement.
The US arms sales to Taiwan violate the fundamental principles of international law and relations, the Foreign Ministry spokesperson Geng Shuang says.
British customers have lost more than 500M pounds in bank frauds in the first half of 2018, the data released by the industry group UK Finance shows.
The South African Home Affairs Minister Malusi Gigaba on Tuesday announced new measures to simplify the movement of tourists into the country to promote economic growth.
Top representatives of China and Japan met in the eastern Chinese city of Suzhou on Tuesday to discuss strategic cooperation and develop bilateral ties.
The US Treasury on Tuesday announced new sanctions on Venezuelan President Nicolas Maduro's friends and relatives, including Maduro's wife and other key officials.
Two private equity firms and investors of WeddingWire are set to acquire XO Group, the event planning company, in a deal valued at $933M with a subsequent merger with WeddingWire, sending XO shares up 26% to $34.78.
Primepulse, the German technology investor, is planning an initial public offering on the stock exchange of Frankfurt in this year's fourth quarter, valuing its shares at $294M, the company stated on Tuesday.
OYO Hotels announced it would seek to raise $1.0B from Softbank Group and other investors, as the Indian hotel chain was planning to expand its business in China and India.
On Tuesday, the owner of Arby, Inspire Brands, stated it would acquire the drive-in chain Sonic Corp in a deal valued at $1.57B, adding over 3,6K drive-in restaurants to the portfolio, including such brands as Rusty Taco and Buffalo Wild Wings.
On Tuesday, the Turkish Lira slightly recovered, as Mike Pompeo the US Secretary of State announced that he is expecting talks with Turkey over the recent disputes.
The Prime Minister of Sweden on Tuesday lost a confidence vote in the country's parliament. He is set to step down from power.
On Tuesday, Novartis announced that the company will close down 2,550 jobs in Britain and Switzerland over a period of four years.
A survey, released on Tuesday, revealed that the wealthiest families of the world are planning to invest in private equity, as on average the asset class gave a return of 15.5% last year.
On Tuesday, Unilever executives defended their plan to move their headquarters to the Netherlands on British media.
On Tuesday, Chinese authorities protested the US State Department's approval of the sale of $330 million worth of spare parts meant for F-16 military planes to Taiwan.
The Bank of England's policymakers have revealed that they have not changed their base assumptions about Brexit's impact on the UK's economy.
On Tuesday, the Danish Business Minister Rasmus Jarlov revealed that the Danish Financial Services Authority was not critical enough when examining Danske Bank's anti-money laundering compliance.