State oil giant Saudi Aramco [SDABO.UL] has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economizes in an environment of low crude prices, industry sources said on Sunday.
Sectors
Exxon fourth-quarter profit tops estimate, share buyback slashed in half
Exxon Mobil Corp said on Monday its quarterly profit fell 21 percent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its chemicals business.
Oil up 11 percent after two-day rally; trade volatile on stock builds
Oil prices rose strongly again on Monday, tacking on a total of 11 percent over two straight sessions, as some investors bet that a bottom had formed to the seven-month long rout on the market even as others remained pessimistic.
Japan's Line to launch online grocery shopping in Thailand, plans to expand
Japan-based messaging app company Line Corp is launching an online grocery delivery service, its first ever, in Thailand and plans to expand it to other Southeast Asian nations to tap booming growth in the region's mobile phone transactions.
Obama 2016 budget urges U.S. states to cut emissions faster
President Barack Obama's fiscal 2016 budget proposes $7.4 billion to fund clean energy technologies and a $4 billion fund to encourage U.S. states to make faster and deeper cuts to emissions from power plants, officials told Reuters.
Latest News
Aviation leaders will try to secure a mandate to implement new safety standards when they meet next week after a string of high-profile accidents around the world made 2014 the deadliest year for commercial airlines in almost a decade.
The finance chief of Ford Motor Co (F.N) expects ongoing problems in Russia where the decline of the rouble and the struggling economy was weighing on its market share, according to German newspaper Handelsblatt.
Box office juggernaut "American Sniper" held the top spot at U.S. and Canadian box offices over the weekend with $31.9 million in ticket sales, according to studio estimates.
Motif Bio, which is working on a range of antibiotics, is planning to raise at least 4 million pounds ($6 million) - and potentially up to 16 million - through a stock market listing in London.
The owner of British Airways must provide some sort of "cast iron permanent guarantee" on flights to Ireland if the government is to even consider its bid for Aer Lingus (AERL.I), Prime Minister Enda Kenny said on Sunday.
A majority of Germans favor Greece remaining in the euro zone despite its new leftist government in Athens rejecting austerity, a poll for newspaper Bild am Sonntag showed on Sunday.
Nguyen Nam owns an engineering services firm in Ho Chi Minh City that pays no taxes nor any salaries. The flip side is it earns no revenue either.
Greece's leftist government on Sunday began its drive to persuade a sceptical Europe to accept a new debt agreement while it starts to roll back on austerity measures imposed under its existing bailout agreement.
General Motors (GM.N) and Chinese partner SAIC Motor Corp (600104.SS) will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region.
