Brent crude futures fell in choppy trade on Monday, under pressure from growing supply but supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.
The Dow Jones Industrial Average shed more than 400 points on Monday, as a slump in Apple shares battered the tech sector, with conflicting signals over the state of play between the United States and China on their trade dispute kept investors on edge.
The Federal Reserve is pushing ahead with gradual rate-hike plans next month as it marches toward a more normal policy stance that would keep the economy expanding, one of its most influential members said on Monday in the face of growing doubts in financial markets.
The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments and two U.S. lenders were also involved.
French bank Societe Generale said on Monday it agreed to pay $1.3 billion in penalties to the U.S. authorities to settle a dispute over violations of U.S. economic sanctions, adding the fines were entirely covered by provisions.
Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on Monday.
French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.34 billion to resolve investigations into its handling of dollar transactions in violation of U.S. sanctions, the Federal Reserve said.
Tesla Inc could be interested in partnering with Daimler AG’s Mercedes-Benz on an electric version of its Sprinter van, Chief Executive Officer Elon Musk said in a tweet https://twitter.com/elonmusk/status/1064541185820114944 on Monday.
American Airlines pilots union on Monday urged the carrier to begin negotiations for a new labor contract in January to boost salaries that were last revised three years ago after the airline emerged from bankruptcy in 2013.
The incoming chief executive of Brazilian state-controlled oil company Petroleo Brasileiro SA said in a newspaper interview on Monday that BR Distribuidora , its fuel distribution unit, is not a natural fit for the company and does not generate returns.
Bitcoin fell below $5,000 on Monday for the first time in over a year, slumping to a fresh 13-month low on the Bitstamp platform as a broad sell-off in cryptocurrencies sparked last week gathered momentum.
Walt Disney Co on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox’s entertainment assets, clearing one of the last major hurdles for the deal to go through.
Oil futures fell about 1 percent on Monday amid global oversupply worries, but losses were muted as investors eyed potential sanctions on Iran from the European Union, a possible production cut from OPEC and slightly bullish storage drawdown in U.S. crude stocks.
U.S. stocks fell on Monday, as a slide in Apple’s shares on concerns about iPhone demand hit its suppliers and the technology sector, with mixed signals over the state of play between the United States and China on trade dispute adding to the weakness.
General Electric Co shook up its ailing power business on Monday, appointing a new CEO for gas power and bringing a longtime GE executive back from retirement to help.
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