U.S. consumer spending increased by the most in more than 9-1/2 years in March, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months.
U.S. stock index futures were trading flat on Monday after hitting a closing high in the previous session, as investors waited for a fresh batch of earnings reports while sentiment was supported by upbeat consumer spending data.
Tesla Inc said on Monday it could seek alternative sources of financing although it expects cash generated from its business to be enough to fund its investments and pay down debt for at least the next 12 months.
A Swiss anti-corruption lobby group has filed a criminal complaint against Credit Suisse over alleged fraud in the arrangement of $2 billion of loans to Mozambique, the group said on Monday.
U.S. consumer spending increased by the most in more than 9-1/2 years in March, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months.
Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid, putting pressure on Chevron Corp to raise its $33 billion offer.
The CEO of Scandinavian airline SAS has told negotiators to thrash out what concessions the company can make to end a pilot strike that has disrupted travel plans for hundreds of thousands of passengers.
Global shares were steady on Monday as a weak euro zone sentiment survey and political uncertainty in the wake of Spain’s elections proved a drag on earlier gains driven by strong economic data out of China and the United States.
U.S. stocks were on course to open lower on Monday after hitting another closing high in the previous session, as investors awaited inflation data and a fresh batch of earnings.
China’s ZTE Corp reported on Monday a first-quarter profit of 862.6 million yuan ($128.2 million), as expected, up from 276 million yuan in the preceding three months, as it recovered from last year’s U.S. sanctions.
U.S. sanctions against Iran’s oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday.
Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid lodged in competition with an earlier $33 billion bid from Chevron Corp.
Oil prices fell on Monday, extending the Friday decline that halted a weeks-long rally, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.
Fines for violations of air, water and waste regulations by U.S. petroleum storage facilities so far this year have exceeded all of last year – even without including two major Houston-area disasters in the last month still under investigation – according to a Reuters analysis of federal data.
Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $57 billion bid lodged in competition with an earlier bid from Chevron Corp.
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