SINGAPORE (Reuters) – Oil prices were stable on Monday, supported by supply concerns ahead of the start of U.S. sanctions against Iran’s crude exports, but held back by rising drilling activity in the United States. FILE PHOTO: Pump jacks operate at sunset in an oilfield in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo

NEW YORK (Reuters) – CBS Corp (CBS.N) interim chairman Richard Parsons has resigned from the board for reasons of ill health about a month after joining, the company said in a statement on Sunday. FILE PHOTO: Richard Parsons, the former chairman of Citigroup and former chairman and CEO of Time Warner, poses in New York,

SYDNEY (Reuters) – Investors are turning against Australia’s big banks as earnings tumble, growth plans are abandoned, and fee income cut in the fallout from a powerful financial sector misconduct inquiry and more challenging economic conditions. A man walks past ATM machines at a National Australia Bank branch in Sydney, Australia April 20, 2018. REUTERS/Edgar

MILAN/LONDON (Reuters) – Fiat Chrysler (FCHA.MI) (FCA) has agreed to sell its Magneti Marelli unit to KKR’s (KKR.N) Calsonic Kansei, two sources familiar with the matter said on Sunday, adding the deal would be announced on Monday. A screen displays the ticker information for Fiat Chrysler Automobiles NV at the post where it’s traded on

(Reuters) – Canadian airplane maker Bombardier Inc (BBDb.TO) has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd (7011.T), saying former Bombardier employees passed on trade secrets to help Mitsubishi’s oft-delayed regional jet project. FILE PHOTO: A Bombardier logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland

TOKYO (Reuters) – The CEO of Mitsubishi UFJ Financial Group’s (8306.T) banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi. FILE PHOTO: Deputy President of the Bank of

FRANKFURT/SEOUL (Reuters) – Audi’s first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for the German luxury car brand said on Sunday. FILE PHOTO: People inspect the Audi E-Tron 5S Quattro during the first press day at the Paris auto show, Paris,

BEIJING (Reuters) – China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country’s cabinet, said on Sunday following a meeting of top economic and financial policymakers. FILE PHOTO: Workers are seen amid steel bars at a construction site of a highway

HONG KONG (Reuters) – Swiss bank UBS Group AG. (UBSG.S) has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with local officials, a person familiar with the matter said. FILE PHOTO: The logo

SAN FRANCISCO (Reuters) – The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street’s rally. Traders work on the floor of the New York Stock Exchange (NYSE) in New York,

(Reuters) – Apple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple’s internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents. Tim Cook, CEO of Apple, speaks during a demonstration of the newly released Apple products following

NEW YORK (Reuters) – Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand. A Trader works on the floor of the New York Stock Exchange (NYSE) in New

NEW YORK (Reuters) – The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co (PG.N) were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth. Traders work on the floor of the New York Stock Exchange (NYSE) in New

WASHINGTON (Reuters) – U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeting said on Friday. U.S. President Donald Trump rallies with supporters

NEW YORK (Reuters) – Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking’s rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers. FILE PHOTO: Jamie Hodari, co-founder and chief executive of Industrious, poses

DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors. FILE PHOTO: General Motors Chairman and CEO Mary Barra speaks at GM’s press conference at the North American International Auto Show