In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
Stocks in Asia traded lower on Monday morning, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
Top oil producers Saudi Arabia and Russia made a joint statement at the G-20 summit in China on Monday aimed at stabilizing crude prices, media reports said.
Russia and Saudi Arabia recognize the need to contain excess volatility in the market, the statement said, according to Russian news agency Interfax.
The two countries will form a working group to monitor the market and draft recommendations to stabilize oil prices and ensure steady investment in the industry, Interfax said. The group will meet for the first time next month.
Crude oil futures rallied heavily in the build-up to the announcement and pared back slightly afterward. WTI futures for October remained over 3 percent higher on the day, however, at a little under $46 per barrel.
At the summit, Russian Energy Minister Alexander Novak said a production freeze would be one way to stabilize prices, according to Interfax.
Novak described Monday's announcement as an "historic moment" in relations between OPEC and non-OPEC members, according to Interfax. Saudi Arabia is de facto leader of the oil cartel, but Russia is not a member.
Several attempts to boost crude prices by freezing OPEC's output have fallen in the past, in particular because Saudi Arabia has been wedded to keeping output high to hold market share.
However, Saudi Arabia is not alone in scuppering deals, including in February, when Iran refused to join forces with Saudi Arabia, Russia, Qatar and Venezuela in freezing output. This time around, Iraq and Iran's cooperation will be key if a broader deal on oil production levels is sought.
WTI crude futures for October have rallied sharply this year, but remain far below the levels above $100 per barrel at which oil traded prior to the commodities slump that began in July 2014.
OPEC will hold informal talks in Algeria this month and member countries are scheduled to officially meet in Vienna in November. Russia's Novak will meet with his Saudi counterpart, Khalid al-Falih, on both occasions, Interfax said.
Russia and Saudi Arabia have also agreed to collaborate to implement new technology in the energy and gas space, Interfax said on Monday.
Follow CNBC International on and Facebook.