The U.S. Federal Reserve on Monday proposed a new regulatory regime for 23 foreign banks operating in the U.S. that could make life easier for some lenders, while tightening up rules for more risky foreign firms.
Oil prices rose to a five-month high on Monday, driven by expectations for tighter global supply from fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.
A London jury has been discharged in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008.
Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay $110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show.
U.S. stocks pulled back on Monday after the S&P 500’s seven-day winning streak, as Boeing shares fell and investors braced for what could be the first decline in corporate earnings since 2016.
Southwest Airlines Co said on Monday it was pulling out all Boeing Co’s 737 MAX jets from its flight schedules https://swa.is/2FRH8Ow through June 7, extending its earlier timeline by a week.
Sports Direct said on Monday Debenhams rejected its offer to underwrite a 150 million pound rights issue in exchange for a CEO role for Mike Ashley and a pledge by lenders to write off 148 million pounds of debt.
Oil prices rose to their highest since November on Monday, driven by OPEC supply cuts, U.S. sanctions against Iran and Venezuela and fighting in Libya as well as strong U.S. jobs data.
Europe is facing yet another make-or-break week.
Shares of General Electric Co fell about 6 percent on Monday after J.P. Morgan’s Stephen Tusa, a top-rated analyst on the stock, downgraded and further cut his target price to a Street-low of $5.
U.S. stocks opened lower on Monday, pausing after the S&P 500’s seven-day winning streak, as investors braced for what could be the first decline in corporate earnings since 2016 and a drop in Boeing Co’s shares hit the Dow industrials.
BlackRock Inc Chief Executive Officer Larry Fink said on Monday that his ambition was to build an onshore presence in China and become the leading global asset manager there.
The European Union’s data protection supervisor said on Monday it is investigating whether products provided by software giant Microsoft to EU institutions comply with its new data protection rules.
Saudi Aramco has given initial price guidance for its debut international bond, which is split into tranches ranging from three to 30 years, a document issued by one of the banks leading the deal showed.
The European Union’s data protection supervisor on Monday said it had launched an investigation into whether services and products provided by the software giant Microsoft to EU institutions comply with its new data protection rules.
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