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Wall Street indexes to open at record highs on U.S.-China trade optimism
Wall Street’s three main indexes were set to open at record highs on Monday, buoyed by hopes of a U.S.-China trade deal and an improving domestic economy.
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Business News
Thyssenkrupp to invest $279 million at shipbuilding division
Thyssenkrupp plans to invest 250 million euros ($279 million) at its unit that builds submarines and warships, the German industrial conglomerate said on Monday.
Business News
Citigroup to launch digital savings account for American Airlines cardholders
Citigroup Inc said on Monday it was planning to offer a high-interest online savings account early next year to users of its American Airlines co-branded credit card.
Business News
Virgin Hyperloop seeks backing to build U.S. certification center
Virgin Hyperloop One said Monday it is asking states to support and host the development of a center to advance its futuristic super high-speed travel plans by testing and validating the technology.
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US STOCKS-Wall St indexes to open at record highs on U.S-China trade optimism
Wall Street’s three main indexes were set to open at record highs on Monday, buoyed by hopes of a U.S.-China trade deal and an improving domestic economy. Washington and Beijing said on Friday they had made progress in defusing an economically damaging trade war, with U.S. officials indicating that a deal could be signed this month. Adding to the optimism, Commerce Secretary Wilbur Ross said on Sunday licenses for U.S. companies to sell components to China’s Huawei Technologies Co would come “very shortly” and that there was no reason a trade deal could not be on track to …read more […]
Business News
BA parent IAG ups bet on Latin America with Air Europa takeover
IAG , the parent of British Airways and Spain’s Iberia, announced a 1 billion euro ($1.12 billion) takeover of Spain’s Air Europa to boost its presence on routes to Latin America and the Caribbean.
Business News
Citigroup to launch digital savings account for American Airlines cardholders: CNBC
Citigroup Inc is planning to offer a high-interest online savings account early next year to users of its American Airlines co-branded credit card, CNBC reported on Monday, citing people familiar with the matter.
Business News
Ferrari forecast turbo-charged by Portofino, Superfast sales
Strong sales of Ferrari’s Portofino and 812 Superfast models helped the Italian luxury carmaker raise its 2019 forecasts on Monday, powering its shares to a record high.
Business News
Under Armour cuts revenue forecast; federal probe weighs on shares
Under Armour Inc on Monday cut its forecast for annual revenue for a second straight time, adding to its troubles after the sportswear maker disclosed a federal probe related to its accounting practices.
Business News
Give or take a trillion: Investors in the dark on Saudi Aramco value
Saudi Aramco’s blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion.
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Citigroup to launch digital savings account for American Airlines cardholders – CNBC
Citigroup Inc is planning to offer a high-interest online savings account early next year to users of its American Airlines co-branded credit card, CNBC reported on Monday, citing people familiar with the matter. The new digital service will be named the Citi Miles Ahead savings account and will only be available in areas where the bank does not have physical branches, according to the report. Citigroup and American Airlines were not immediately available for comment. …read more […]
Business News
India decided not to join RCEP trade deal: PM Modi
India has decided not to sign the Regional Comprehensive Economic Partnership due to differences over tariffs, its trade deficit with other countries and non-tariff related barriers, Prime Minister Narendra Modi was quoted as saying on Monday.
Business News
Fifteen Asia-Pacific countries agree on trade pact, India holds back
Fifteen Asia-Pacific countries have concluded negotiations for a trade pact that would be among the world’s largest, but India still has “significant outstanding issues” before it is ready to sign on, the countries’ leaders said on Monday.
Business News
Sprint postpaid subscriber loss lower than expected
Sprint Corp on Monday reported a lower-than-expected drop in quarterly mobile phone subscribers who pay a monthly bill as it ramps up its 5G coverage in the United States.
Business News
Facebook’s Libra could come under some existing rules: watchdog
Existing securities rules could apply to “stablecoin” digital currency initiatives such as Facebook’s Libra project to help realize its benefits, global securities watchdog IOSCO said on Monday as policymakers examine whether new regulation is needed.