Mining and trading giant Glencore said on Monday some customers had reneged on contracts for cobalt, a key metal for electric car batteries, contributing to a cut in earnings guidance for its marketing arm.
Verizon Communications Inc and Samsung Electronics Co Ltd said on Monday they plan to release 5G smartphones in the first half of 2019 in the United States.
Nissan’s three independent board members are set to meet on Tuesday to discuss a replacement for arrested former Chairman Carlos Ghosn, a source familiar with the matter said.
U.S. stock index futures jumped around 2 percent on Monday, setting Wall Street up to add to last week’s strong gains, after the United States and China declared a temporary trade truce.
A truce between U.S. and Chinese leaders on trade tariffs boosted global markets on Monday, fuelling an advance of nearly one percent by world stocks, setting up gains on Wall Street and pushing emerging-market currencies higher against the dollar.
Japan’s Honda Motor Co Ltd on Monday reported a 9.5 percent fall in U.S. auto sales in November, hurt by lower sales of passenger cars such as the Civic.
U.S. President Donald Trump on Monday said U.S.-China relations had taken a big step forward over the weekend after he and Chinese President Xi Jinping agreed to hold off on new tariffs, and urged Beijing to finalize a trade deal with Washington.
U.S. stock index futures jumped around 2 percent on Monday, set to add to last week’s strong gains, after the United States and China declared a temporary trade truce.
U.S. Trade Representative Robert Lighthizer will lead negotiations with China over tariffs, market access and structural changes to intellectual property practices over the next 90 days, White House trade adviser Peter Navarro said on Monday.
Nexstar Media Group Inc said on Monday it agreed to buy Chicago-based peer Tribune Media Company for about $4.1 billion in cash, making it the largest regional U.S. TV station operator.
Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade conflict.
GlaxoSmithKline said on Monday it had agreed to buy U.S. cancer drug specialist Tesaro for $5.1 billion, marking a major biotech investment by the British drugmaker as its seeks to rebuild its pharmaceuticals portfolio.
Global economic prospects appear gloomy as year-end approaches after factory activity and export orders weakened in November, prompting analysts to predict no quick rebound amid persistent global trade tensions.
The German Economy Ministry on Monday welcomed a deal between the United States and China to halt additional tariffs and hold fresh talks to try to reach an agreement within 90 days.
Unilever is to buy GlaxoSmithKline’s Horlicks nutrition business for $3.8 billion, boosting the Anglo-Dutch group’s position in India with the addition of the malted drink.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
