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Saudi energy minister Khalid Al-Falih discussed oil markets with his Russian counterpart and stressed that Saudi Arabia would continue to comply with production cuts until the end of Q1 2020, he said in a tweet on Saturday. Press Release Distribution Service

Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the conglomerate run by billionaire Warren Buffett. Press Release Distribution Service

There’s a sense of panic within Japan Inc and the government – the world’s No. 3 economy doesn’t have enough experts in artificial intelligence and it’s time to do something about it. Press Release Distribution Service

The board of Citgo Petroleum appointed by Venezuela’s congress chief was properly seated, a U.S. court ruled, dealing a blow to contested Venezuelan President Nicolas Maduro’s efforts to retake control of the Texas-based refiner. Press Release Distribution Service

U.S.-based consumer lender Credible Labs Inc said on Monday it had agreed to be bought out by broadcaster Fox Corp for about A$585 million ($397 million). Press Release Distribution Service

HSBC reported on Monday its first-half pretax profit rose 15.9% and announced a further buyback of $1 billion, defying some analysts’ expectations it might pause its strategy of returning extra capital to investors. Press Release Distribution Service

South Korea on Monday announced plans to invest about 7.8 trillion won ($6.48 billion) in research and development for local materials, parts and equipment over the next seven years in an effort to cut the reliance on Japanese imports. Press Release Distribution Service

– Activity in Japan’s services sector expanded again in July, albeit at a fractionally slower pace than the previous month, a revised survey showed on Monday, indicating resilient domestic demand despite signs of a loss of momentum. Press Release Distribution Service

Asian shares extended their losses on Monday as a sharp escalation in the Sino-U.S. trade war kept finiancial markets on edge, while the Japanese yen and bonds held near recent peaks as nervous investors stuck with perceived safe havens. Press Release Distribution Service

Fiat Chrysler Automobiles Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone. Press Release Distribution Service

HSBC on Monday announced the surprise departure of Chief Executive Officer John Flint, saying the bank needed a change at the top to address “a challenging global environment”, even as it posted a 16% rise in half-yearly profit. Press Release Distribution Service

Huawei Technologies Co Ltd is testing a smartphone equipped with Hongmeng, the company’s self-developed operating system, which could potentially go on sale by the end of this year, Chinese state-media outlet Global Times reported. Press Release Distribution Service

Japan and the United States have agreed to target a broad deal on bilateral trade by September, seeking to bridge differences of opinion over tariffs on beef and the automobile sector, the Nikkei business daily reported on Sunday. Press Release Distribution Service

Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning – not a single customer was in sight. Press Release Distribution Service