Oil near two-month high as producers set to meet again

Oil prices rose on Monday, putting July on track to become the strongest month so far this year, as news of a producers' technical meeting next week added to bullish sentiment driven by the threat of U.S. sanctions against Venezuela. "Sentiment in the oil market became very bullish after OPEC said it will meet with partners in Abu Dhabi next week to discuss compliance," said Frank Schallenberger, head of commodity research at LBBW. Some OPEC and non-OPEC members will meet on Aug. 7-8 in Abu Dhabi to assess how the group can increase compliance with production cuts that began on Jan. 1.

Boeing expects India to order up to 2,100 aircraft over 20 years

Boeing Co said on Monday it expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia's third-largest economy. India is one of the world's fastest-growing aviation markets with domestic passenger traffic growing at more than 20 percent a year over the last few years. "The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factor bodes well for India's aviation market, especially for the low-cost carriers," said Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes.

Select Paccars recalled for fuel pumps

Venezuela election: 'Maduro will survive'

Alastair Newton of Alavan Business Advisory weighs in on the controversial vote in Venezuela and the implications of potential U.S. sanctions.

Japan's Answer to SpaceX Launches First Rocket

Jul.31 -- Interstellar Technologies Inc. sent Japan's first privately-funded rocket to the edge of Earth's atmosphere Sunday. Like Elon Musk's Space Exploration Technologies Corp., the rocket's backers are aiming to make space more accessible.

Charter Communications says 'no interest' in buying Sprint

U.S. cable operator Charter Communications Inc said on Sunday it was not interested in acquiring U.S. wireless carrier Sprint Corp, leaving the latter's majority owner, SoftBank Group Corp, pondering how to orchestrate a merger. A merger of Charter and Sprint would create a telecommunications powerhouse, providing a one-stop shop for customers looking for internet and mobile phone services, giving the combined company a stronger footing in creating the infrastructure required for so-called 5G wireless technology. SoftBank Chief Executive Masayoshi Son is considering making an acquisition offer for Charter, which has a market capitalization of $101 billion and another $60 billion in debt, as early as this week, a person familiar with the matter said on Sunday, in what would be by far the Japanese telecommunications conglomerate's biggest ever deal.

US may take forceful action on North Korea: Rand

Washington could undertake missile launchers and bomber overflies in response to North Korea's second ICBM test, warned Bruce Bennett of Rand.