Oil fell nearly 2 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest January gain for 14 years.
Brazilian miner Vale SA’s shares plunged on Monday, wiping out nearly 52 billion reais ($13.84 billion) in market value, after a tailing dam collapse on Friday killed at least 60 people.
Russia’s communications watchdog is carrying out checks to establish whether U.S. consumer goods group Procter & Gamble and Burger King are complying with local data laws, a spokesman for the watchdog said on Monday.
Caterpillar Inc fell short of analysts’ estimates for both fourth-quarter profit and its full-year 2019 outlook on Monday, sending its shares down 5 percent as it suffered from a slowdown in construction business in China.
Jet Airways Ltd said on Monday it would seek shareholder approval next month to convert existing debt into equity, part of efforts by the cash-strapped Indian airline to resolve its financing problems.
Facebook said on Monday it will beef up its rules and safeguards around political adverts to prevent foreign interference in elections, including those in Europe this year.
Caterpillar Inc forecast full-year profit below analysts’ estimates on Monday, indicating a slide in global demand stemming from China would worsen after it reported revenue in line with expectations for the last three months of 2018.
The European Union will begin legal action at the World Trade Organization this week against U.S. duties imposed on Spanish olives, EU trade chief Cecilia Malmstrom said on Monday.
Facebook Inc is planning https://bit.ly/2Uqn0Jh to set up two new regional operations centers focused on monitoring election-related content in its Dublin and Singapore offices, the company said on Monday.
Amid a bleak earnings season for semiconductor companies as China’s economy slows, Xilinx Inc provided a bright spot for the sector: Revenue growth driven by the early phases of 5G wireless data networks, earlier and sharper than analysts had expected.
World shares slipped into the red on Monday, with equities markets from Europe to Asia buffeted by nerves over China’s economy and investors staying cautious ahead of a week packed with major events.
Hundreds of taxis blocked a central traffic artery in Madrid during Monday’s morning rush hour, in their biggest show of strength yet as a protest seeking tighter regulation of Uber and other ride-hailing services entered its second week.
Oil fell 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, but the price is still on course for its strongest gain in the month of January for 14 years.
British trade union Unite said on Monday it was seeking urgent talks with the management of Tesco after a Sunday newspaper report that the supermarket group is planning to cut up to 15,000 jobs.
World shares fell into the red on Monday, with equities markets from Asia to Europe buffeted as Chinese industrial profits fell and investors stayed cautious ahead of a busy week including Sino-U.S. trade talks and the Federal Reserve’s policy meeting.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
