Business & Finance News
U.S. stocks opened higher on Monday, led by industrial and technology shares, fueled by hopes of a trade resolution between the United States and China after President Donald Trump said he would delay a hike in tariffs on Chinese imports.
Shares of General Electric Co surged 15 percent on Monday after the industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21.4 billion, its first major asset sale under new Chief Executive Officer Larry Culp.
Freeport-McMoRan Inc Chief Executive Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is “comfortable” with engineering designs in place at existing dams.
Canada’s Barrick Gold Corp offered to buy U.S. rival Newmont Mining Corp for nearly $18 billion in stock on Monday, in a hostile takeover that seeks to combine the world’s two largest gold producers.
Oil fell by more than 2 percent on Monday, reversing earlier gains after U.S. President Donald Trump told OPEC producers to “relax” as prices were too high.
U.S. President Donald Trump on Monday said he would hold a summit with China to sign any final trade deal, after signaling on Sunday that he planned to meet with Chinese President Xi Jinping at his Mar-a-Lago estate in Florida if progress was made on an agreement.
U.S. stocks were set to open higher on Monday, fueled by hopes of a resolution to a trade war between the United States and China after President Donald Trump said he would delay a hike in tariffs on Chinese imports.
Billionaire investor Warren Buffett said on Monday that the wealthy, including himself, are not paying enough taxes.
Major banks are still not ready for a ‘no-deal’ Brexit as they grapple with delays in licenses for new European Union businesses, staffing problems and snags in redrafting contracts.
Volkswagen’s truck and bus division increased its adjusted full-year operating profit last year by 13 percent thanks to a Brazilian market recovery, efficiency measures at MAN and a rise in vehicle deliveries.
World stock markets rose on Monday after U.S. President Donald Trump said he would delay a tariff hike on Chinese imports, buoying hopes of a resolution to a trade war between the world’s two biggest economies.
Europe risks falling behind other regions in rolling out 5G mobile services because of onerous regulation and weak investment rather than any security concerns about Chinese equipment, Ericsson CEO Borje Ekholm said on Monday.
Shares of General Electric Co surged 11 percent on Monday after the U.S. industrial conglomerate said it would sell its biopharma business to Danaher Corp for $21 billion, its first major asset sale under new Chief Executive Officer Larry Culp.
U.S. stock index futures climbed on Monday, fueled by hopes of a resolution to a trade war between the United States and China after President Donald Trump said he would delay an increase in tariffs on Chinese goods.
U.S. President Donald Trump on Monday expressed concern about oil prices and repeated his previous calls on the Organization of the Petroleum Exporting Countries (OPEC) to keep prices steady.
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