Caterpillar Inc forecast full-year profit below analysts’ estimates on Monday, indicating a slide in global demand stemming from China would worsen after it reported revenue in line with expectations for the last three months of 2018.
The European Union will begin legal action at the World Trade Organization this week against U.S. duties imposed on Spanish olives, EU trade chief Cecilia Malmstrom said on Monday.
Facebook Inc is planning https://bit.ly/2Uqn0Jh to set up two new regional operations centers focused on monitoring election-related content in its Dublin and Singapore offices, the company said on Monday.
Amid a bleak earnings season for semiconductor companies as China’s economy slows, Xilinx Inc provided a bright spot for the sector: Revenue growth driven by the early phases of 5G wireless data networks, earlier and sharper than analysts had expected.
World shares slipped into the red on Monday, with equities markets from Europe to Asia buffeted by nerves over China’s economy and investors staying cautious ahead of a week packed with major events.
Hundreds of taxis blocked a central traffic artery in Madrid during Monday’s morning rush hour, in their biggest show of strength yet as a protest seeking tighter regulation of Uber and other ride-hailing services entered its second week.
Oil fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest gain in the month of January for 14 years.
British trade union Unite said on Monday it was seeking urgent talks with the management of Tesco after a Sunday newspaper report that the supermarket group is planning to cut up to 15,000 jobs.
World shares fell into the red on Monday, with equities markets from Asia to Europe buffeted as Chinese industrial profits fell and investors stayed cautious ahead of a busy week including Sino-U.S. trade talks and the Federal Reserve’s policy meeting.
Nissan Motor Co Ltd said on Monday it was the target of a U.S. Securities and Exchange Commission (SEC) inquiry, widening a scandal involving the Japanese firm and its ousted Chairman Carlos Ghosn over his alleged financial misconduct.
U.S. President Donald Trump’s administration on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminum giant Rusal and its parent En+, despite a Democrat-led push to maintain them.
Oil prices fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and as China, the world’s second-largest oil user, reported additional signs of an economic slowdown.
State-owned Saudi Aramco plans to invest up to $1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil.
Asian shares ticked up on Monday though they retreated from earlier highs as relief on news of a deal to reopen the U.S. government following a prolonged shutdown gave way to edginess before a key round of Sino-U.S. trade talks.
Ebbing global growth and shaky financial markets threw the U.S. Federal Reserve off course in early 2016, and it took nearly a year for officials to regain confidence growth would continue and convince investors they would again raise interest rates.
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