Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Monday.
WORLD OIL PRICES
Brent crude rose toward $107 per barrel on Monday, stretching gains into a fifth consecutive day on hopes the United States and Europe will this week announce new measures to shore up their fragile economies, boosting the outlook for oil demand.
PRAGUE GAS: E.ON has made a counterbid to buy the city of Prague’s stake in gas company Prazska Plynarenska, turning the tables on a months-old offer from the city, which had itself wanted to take control, a spokesman for the German group said.
VEMEX: Vemex, a Gazprom company, wants to raise sales above 1 billion cubic metres of gas, up from 700 million last year.
Andreas Schaaf, managing director of BMW India, told the Economic Times that sales of premium and luxury cars in India will reach their slowest pace in a decade this year.
Daimler Trucks North America expects strong growth, despite a weak economy, the unit’s chief told Boersen-Zeitung.
Chances for a return of the German tire maker in the blue chip index are good, the company’s chief executive told Wirtschafts Woche magazine.
CEBU AIR INC, JG SUMMIT HOLDINGS INC
Budget carrier Cebu Air leads on earnings upgrades among 39 companies in the Philippines, data from Thomson Reuters StarMine shows. The data includes firms tracked by at least three analysts.
U.S. affiliate Chrysler is set to release quarterly results later on Monday.
Air France-KLM halved its operating loss in the second quarter on improved passenger activity, but its bottom line worsened after a restructuring charge and a drop in the value of hedging contracts that hover over crucial talks with its unions.
Sudan said it had made price concessions in oil talks with newly-independent neighbour South Sudan, but the two countries remained far apart on a deal to resolve disputes that have already brought them to the brink of war.
Oil prices rose for a fourth day on Friday.