European shares reversed earlier losses and rallied on Monday as investors focused on prospects for bumper corporate earnings, although fears of a further escalation in the U.S.-China trade conflict left broader market sentiment cautious.
The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan ($601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on Monday.
Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.
The European Union has asked the World Trade Organization to certify that it has complied with WTO rulings on its subsidies for planemaker Airbus, attempting to forestall billions of dollars of U.S. sanctions, a document published by the WTO showed on Monday. The legal move is the latest step in a 14-year-old trade dispute between the EU and the United States over funding for Airbus (AIR.PA) and its U.S. rival Boeing. …read more […]
CFRA senior equity analyst Angelo Zino on the Samsung Galaxy Note 9 leaks and the outlook for Apple. …read more […]
PepsiCo Inc said on Monday Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as her replacement.
Honda Motor Co on Monday said it will recall 96,900 Avancier sport utility vehicles (SUVs) in China, due to a cold-climate engine problem that has already led to hundreds of thousands of its vehicles being recalled earlier this year.
A court in Vietnam handed lengthy prison terms on Monday to several former bankers accused of mismanagement, amid a crackdown on corruption in the communist-ruled country.
The aerospace giant is benefitting from strong end markets while it makes strategic moves to dominate the aerospace industry. …read more […]
Before you call it quits on the career front, consider how putting in one more year could work wonders for your golden years. …read more […]
Oil rose on Monday after Saudi crude production registered an unexpected decline in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.
European shares struggled on Monday as fears of the escalating U.S.-China trade conflict outweighed the boost to sentiment from Chinese authorities’ intervention last week to shore up its currency.
Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial public offering (IPO).
More than five years into a radical plan to boost the world’s third-biggest economy, the Bank of Japan sent a message of quiet surrender last week, admitting it couldn’t stoke inflation and walking back steps intended to do so.
Shares in Linde plunged more than 8 percent on Monday after the industrial gases group’s planned $87 billion merger with Praxair was put in doubt by demands from U.S. antitrust regulators.
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