Business & Finance News
U.S. stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing’s shares limited the Dow’s advance after a deadly airline crash in Ethiopia.
Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite.
The United States will tell international carriers later Monday that the agency believes the Boeing 737 MAX 8 is airworthy but officials emphasized they will “take immediate action” if regulators identify any safety issue following Sunday’s fatal crash in Ethiopia.
President Donald Trump on Monday called for spending more money on the military and a U.S.-Mexico border wall while overhauling social programs for the poor in a budget plan that sets the stage for his next fight with the U.S. Congress.
President Donald Trump’s 2020 budget on Monday proposed a 15 percent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time when they are going through the worst crisis in decades because of depressed commodity prices and Trump’s trade tariffs.
U.S. chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the firm boost its data centre and artificial intelligence business.
French prosecutors have opened a preliminary inquiry into how former Renault chief Carlos Ghosn financed his 2016 wedding, the Figaro newspaper and Agence France-Presse said on Monday.
Oil prices rose more than 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June.
U.S. regulators will “take immediate action” on the Boeing 737 MAX 8 if they identify any safety issue following Sunday’s fatal crash in Ethiopia of the new model of aircraft, Transportation Secretary Elaine Chao said on Monday.
President Donald Trump in his 2020 budget on Monday called for overhauling social programs that help poor and elderly Americans, while boosting military spending and funding a U.S.-Mexico border wall, in the opening gambits in his next funding fight with the U.S. Congress.
Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite.
German Finance Minister Olaf Scholz on Monday confirmed that the country’s two largest publicly listed banks – Deutsche Bank and Commerzbank – were exploring a possible merger.
Malaysia may have to reconsider the purchase of 25 Boeing Co 737 MAX 8 aircraft, the Nikkei reported on Monday, citing the country’s economic affairs minister, after the second fatal crash of the planemaker’s newest jet in less than six months.
European exchange group Euronext on Monday extended its offer for Oslo Bors, while keeping the terms unchanged, as its battle with Nasdaq for control of Norway’s stock market operator escalates.
President Donald Trump’s 2020 budget on Monday proposed a 15 percent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time they are going through the worst crisis in decades due to depressed commodity prices and Trump’s trade tariffs.
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