Asia

Hess Agrees to China’s First Shale Oil Deal

The U.S. energy company signed a production-sharing contract with China National Petroleum Corp., marking China's first joint agreement to develop a shale oil block.

Nikkei Rises Nearly 1% to Highest in a Week

Japanese stocks rose on Monday after a sharp rebound in crude oil prices helped global market sentiment, but traders cautioned that the gains could be a temporary, technical bounce rather the start of a sustainable recovery.

5 Stock Groups Get Bear Market Mauling

Euro and Japanese stocks joined the growing list of bear markets getting slammed around the globe. By definition a bear market is a 20% retreat from the peak.

Hong Kong Shares Hit Lowest Since September 2012

Hong Kong's benchmark index dropped to its lowest level in more than three years on Monday, with investors' risk appetites soured by resumed declines in oil prices plus Friday's tumbles for share prices in the United States and Europe.

Japan's Shinzo Abe Calls Snap Election

Shinzo Abe is not as popular as he once was, but he knows that his opposition is in disarray and does not offer any better ideas so he continues to go for broke both politically and economically. God help him.