Global shares steadied on Monday and the dollar hit a two-month high against a basket of currencies as markets counted down to a likely cut in U.S. interest rates this week, with much riding on whether the Federal Reserve signals more cuts will follow.
Cancer diagnostics company Exact Sciences Corp said on Monday it will buy healthcare company Genomic Health Inc for about $2.8 billion to bolster its cancer testing business.
Oil prices weakened on Monday amid pessimism over U.S.-China trade talks and the prospect of slower economic growth globally that could reduce demand for crude.
Pfizer Inc on Monday reported a 30% rise in quarterly profit, helped by demand for its branded treatments such as Ibrance, Eliquis and Xeljanz.
Mylan NV confirmed on Monday that it would combine with Pfizer Inc’s off-patent branded and generic established medicines business to form a global generic drugmaker.
The European Union’s top court on Monday rejected an appeal by German carmaker BMW against a European Commission decision to limit the state aid it could receive for a car plant in eastern Germany.
Singapore Airlines Ltd’s budget offshoot Scoot said on Monday it would convert six Airbus SE A320neo orders to the larger A321neo model and lease another 10 A321neos to help meet the airline’s growth goals.
Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital from Japan’s SoftBank Group Corp, marking its biggest commitment in the region’s most populous market.
Barclays , JP Morgan , RBS , UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain.
Global shares eased on Monday and the dollar hit a two-month high against a basket of currencies as markets counted down to a likely cut in U.S. interest rates this week, with much riding on whether the Federal Reserve signals yet more are to come.
London Stock Exchange shares rose more than 14% to a record high on Monday after it said it was in talks to buy financial data firm Refinitiv, in a deal worth $27 billion including debt.
Heineken NV on Monday missed estimates for first-half profits, as higher packaging costs offset increased beer sales, but the world’s second-largest brewer stuck with its full-year profit growth forecast.
Barclays , JP Morgan , RBS , UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain.
Shares in London Stock Exchange Group Plc rose more than 10% on Monday after the British company said late Friday it was in discussions to buy Refinitiv Holdings Ltd in deal worth $27 billion including debt.
German airline Lufthansa is considering adopting a corporate holding structure to simplify its operations, improve profitability and regain the support of investors, newspaper Handelsblatt reported on Monday.
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