The U.S. shale industry will continue to shrink, but energy companies will emerge from the COVID-19 pandemic downturn stronger, Halliburton's Chief Executive Jeff Miller told investors on Monday.
- The U.S. shale industry will continue to shrink, but energy companies will emerge from the COVID-19 pandemic downturn stronger, Halliburton's Chief Executive Jeff Miller told investors on Monday.
Hyundai Motor (HYMLF) and affiliate Kia Motors (KIMTF) warned of another $2.9 billion of provisions related to engine issues, bringing their total hit from the years-long quality problem that has tarnished their credibility to nearly $5 billion.
* China's Q3 GDP growth picks up but slower than expected. * Sept retail sales growth fastest since Dec 2019. * Factory sector sustains recovery. By Gabriel Crossley and Kevin Yao.
U.S. Treasury yields edged
higher on Friday after data showed U.S. retail sales increased
more than expected in September and consumer confidence improved
in early October.
- In an ordinary presidential election, Friday's retail sales report would have been a dream for an incumbent like Republican President Donald Trump. Still, this is no ordinary election. The report from the Commerce Department offered a reminder that millions of Americans are still out of work, leaving them with less money to spend on dinners out or new outfits.
In an ordinary presidential election, Friday's retail sales report would have been a dream for an incumbent like Republican President Donald Trump. Still, this is no ordinary election. The report from the Commerce Department offered a reminder that millions of Americans are still out of work, leaving them with less money to spend on dinners out or new outfits.
U.S. Treasury yields rose on
Friday after data showed U.S. retail sales increased more than
expected in September, while consumer confidence improved in
early October.
LG Chem, the world's top electric vehicle battery maker, is in talks with a "couple" of automakers to create joint ventures to produce automotive batteries, Chief Executive Officer Hak Cheol Shin told Reuters on Friday. LG Chem is already moving ahead with battery joint ventures with GM and Geely and hopes to expand to other carmakers, Shin said, without elaborating.
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