nternational benchmark Brent crude traded at $62.90 per barrel at 06.39 GMT on Monday while American benchmark West Texas Intermediate (WTI) saw prices of $55.09. Crude oil prices were down at trading start on Friday as investors focused on talks between the U.S. and China in the hope that...

British MPs on Saturday said they were "deeply troubled" by reports that Japanese car manufacturer Nissan is cancelling plans to build its X-Trail SUV in Britain despite Brexit assurances from the government. Nissan is set to announce on Monday that it has changed plans to build the vehicle...

General Motors is expected to lay off about 4,000 salaried workers under a reorganization announced late last year, a person familiar with the matter said Friday. The layoffs are part of a cost-cutting plan GM announced in November, which will slash 15 percent of its salaried and contract...

US oil giants Exxon Mobil and Chevron reported strong annual profits on Friday, concluding with a solid fourth quarter despite a dive in crude prices at the end of the year. Exxon Mobil reported profits of $20.8 billion in 2018, up 5.8 percent from 2017, while Chevron notched annual...