Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.
London-based Standard Chartered is expected to pay slightly more than $1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a person familiar with the matter.
Industrials bogged down Wall Street on Monday, pulling the S&P 500 and the Dow lower as investors braced for what analysts now expect to be the first quarter of contracting earnings since 2016.
Saudi Aramco has received over $50 billion in bids for its debut international bond sale, which had been expected to be in the $10 billion region, sources familiar with the matter said.
Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank’s compensation report and a third backed the report while expressing reservations about whether management pay matched performance.
The U.S. securities watchdog’s request that a federal judge hold Tesla Inc Chief Executive Elon Musk in contempt over the billionaire entrepreneur’s use of Twitter was “reasonable,” said a U.S. Securities and Exchange Commission official on Monday.
U.S. stocks headed lower on Monday, following the S&P 500’s seven-day winning streak, as Boeing’s shares took a hit and investors braced for what could be the first decline in corporate earnings since 2016.
Luxembourg-Based Banque Havilland on Monday denied that it had engaged in action designed to weaken Qatar’s economy.
“Very serious” delays in exporting goods over the U.S.-Mexico border are impacting the auto industry, Eduardo Solis, the president of the Mexican Auto Industry Association (AMIA), said on Monday.
EU data protection authorities are investigating whether the European Commission and other EU institutions comply with the bloc’s strict data privacy rules in their software deals with Microsoft.
President Donald Trump last week called on the U.S. Federal Reserve to start building up its war chest of bonds again. He may get his wish – though not for the reason he wants.
NEW YORK – A gauge of global equities was mostly flat on Monday as another drop in Boeing shares and concerns U.S. companies will report a decline in earnings for the first time in three years were offset by rising crude prices that lifted oil shares.
Saudi Aramco has received bids for more than three times the $10 billion it was expected to raise in a debut international bond issue, which is being watched as a gauge of potential investor interest in the oil company’s eventual initial public offering.
Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank’s compensation report and a third backed the report while expressing reservations about whether management pay matched performance.
Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday.
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