Articles by admin

Oil prices fell on Monday after more poor Chinese economic figures fanned fears of slowed worldwide oil demand.

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Boeing suffered a fresh setback at the opening of the Paris Airshow on Monday as the U.S. planemaker’s engine supplier revealed a delay affecting its all-new 777X jet, while Airbus targeted the middle of the market with a rival plane.

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Pfizer Inc on Monday said it would buy Array Biopharma Inc for $10.64 billion in cash, a deal it hopes will help make it a leader in colon cancer and build up its pipeline of oncology drugs.

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Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy Sotheby’s in a deal worth $3.7 billion, marking the storied art auction house’s return to private ownership after 31 years.

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KPMG LLP has agreed to pay a $50 million fine over allegations former staffers used stolen information to alter some of the accounting firm’s previous audit work and cheated on training exams, the U.S. Securities and Exchange Commission said on Monday.

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Wall Street’s main indexes climbed higher on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a crucial Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.

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Europe’s Airbus has agreed to sell 14 A330neo wide-body passenger jets to Virgin Atlantic in a deal valued at $4.1 billion, the companies announced at the Paris Airshow on Monday, with an option for the airline to order six more.

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A gauge of global stock markets edged higher on Monday to build on monthly gains and benchmark government bond yields hovered near multi-year lows as investors girded for developments later in the week from central banks in the United States and elsewhere.

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Accounting firm KPMG LLC has admitted to using stolen information to alter some of its previous audit work and cheating on training exams, and agreed to pay a $50 million penalty, the Securities and Exchange Commission said on Monday.

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U.S. stocks ticked higher on Monday, with the tech-heavy Nasdaq powering ahead, as investors awaited a pivotal Federal Reserve meeting for clues on the path ahead for interest rates.

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Britain hopes that U.S. President Donald Trump and Chinese President Xi Jinping can make progress on easing trade tensions when they meet later this month at a summit of world leaders in Japan, British finance minister Philip Hammond said.

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Citigroup Inc said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit.

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Hundreds of U.S. businesses from local bridal shops to multi-billion dollar retailers have submitted comments to the U.S. Trade Representative’s Office opposing President Donald Trump’s plan to slap tariffs on another $300 billion of Chinese imports.

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Patrick Drahi, the billionaire behind telecoms and media group Altice, has agreed to buy art auction house Sotheby’s in a deal worth $3.7 billion on an enterprise value basis.

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U.S. stocks eked out gains at the open on Monday, as focus shifted to a pivotal Federal Reserve meeting that could lay the groundwork for an interest rate cut later this year.

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