Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
U.S. oil ended the session sharply lower on Monday, as a partial U.S. government shutdown that entered a second week stirred fears about demand, undercutting supportive news about a production in the Gulf of Mexico.
U.S. crude for November delivery settled down 81 cents to $103.03 a barrel in electronic trading on the New York Mercantile Exchange. The contact rose 53 cents to close at $103.84 on the Nymex on Friday. Brent crude was flat above $109.
The U.S. was forced to curtail government operations last week after a politically divided Congress failed to approve a short-term funding measure to allow the nation to pay its bills past the end of its fiscal year on Sept. 30. As a result, 800,000 federal workers were furloughed and scores of nonessential services were halted. Prices were under pressure since energy would be needed less in a prolonged halt to government activities.
Now, Congress faces another deadline that could prove highly damaging to the U.S. economy if missed. The nation's debt ceiling, also known as its borrowing limit, must legally be raised before Oct. 17.
Meanwhile, a third of U.S. crude oil production remained shut on Monday, which normally would boost the price of oil. A total of 35.08 percent of oil production, or 491,162 barrels per day (bpd), remains shut in the Gulf as oil producers were restoring production shut on Thursday and Friday as Karen menaced the northern Gulf, the U.S. Energy InformationAdministration said.
--Reuters and the Associated Press contributed to this story.
For more information on commodities prices, please click here.