The United States came under fire from China and the European Union on Monday, accused by both major trading partners of taking protectionist measures and bringing the World Trade Organization (WTO) to its knees.
Oil prices fell about 1 percent on Monday on signs of oversupply in the United States and as investor sentiment remained under pressure from concern over the prospects for global economic growth and fuel demand.
Shares of Johnson & Johnson slipped another 2 percent on Monday, extending losses following Friday’s Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder.
An Italian judge said on Monday oil majors Eni and Royal Dutch Shell were fully aware their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.
Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.
Wall Street slid 1 percent on Monday, led by healthcare stocks after a federal ruling that Obamacare was unconstitutional, with the decline in the market-leading sector further unnerving investors already concerned about slowing global growth.
U.S. stocks opened lower on Monday, as edgy investors waited for the Federal Reserve’s monetary policy guidance and its implications of slowing global growth.
China said on Monday that the Trump administration’s trade measures on items from steel to intellectual property taken under the guise national security were “bringing back to life the ghost of unilateralism”.
Brazil’s Embraer SA said on Monday it has finalized terms of a proposed deal to sell 80 percent of its commercial aviation business to Boeing Co, now valuing the division at $5.26 billion.
Alphabet Inc’s Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs.
Nissan Motor’s CEO called on directors at alliance partner Renault to heed its reasons for sacking former Chairman Carlos Ghosn over alleged financial misconduct amid tensions over how to handle the fallout from his arrest.
U.S. stock index futures started the week cautiously on Monday, after skidding at the end of last week, as edgy investors waited for the Federal Reserve’s monetary policy guidance and its implications of slowing global growth.
Oil prices rose on Monday after a key Middle East oil minister suggested the market was rebalancing, but investor sentiment remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand.
Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank’s former employees in connection with an investigation into suspected corruption and money laundering at state fund 1MDB.
Brazil’s Embraer said on Monday it had finalised the terms of a proposed deal to sell 80 percent of its commercial aviation business to Boeing, now valuing the division at $5.26 billion.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
