Business & Finance News
Oil prices dropped on Monday, nearing their lowest level this year, in line with another decline across global stock markets, which came under pressure from concern about a U.S. government shutdown and a worsening world economy.
U.S. stocks fell at open in a shortened session on Monday, with investors digesting a raft of news from Washington over the weekend amid the benchmark S&P 500’s worst December since the Great Depression.
Wall Street was set to open lower in a shortened session on Monday, with investors digesting a slew of news from White House over the weekend amid the benchmark S&P 500’s worst December since the Great Depression.
Oil fell on Monday, in line with another decline across global stock markets, which came under pressure from concern about a U.S. government shutdown and a worsening world economy.
U.S. stock futures fell on Monday, giving up slim gains from earlier as volumes picked up, with investors digesting a slew of news from Washington over the weekend amid the benchmark S&P 500’s worst December since the Great Depression.
Regional lender Cadence Bancorp said on Monday it will offer 4.3 million additional shares to buy State Bank Financial Corp in a deal valued at $849 million, well below the $1.4 billion it offered in May.
Norwegian Air announced a $230 million cost savings program on Monday along with steps including the refinancing of one Boeing 787 Dreamliner that the budget airline said would generate more than $30 million in liquidity.
Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the United States, the world’s largest producer, although concern about the outlook for demand tempered gains.
World stocks were set for their seventh straight day of losses on Monday, as investors nervy about the possibility of a prolonged U.S. government shutdown and a worsening global economy opted for the safety of bonds and gold.
South Korea-based carmaker Hyundai Motor Co. expects growth in the Russian auto market to slow sharply next year, the head of its Russian branch said on Monday.
Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the United States, the world’s largest producer, although concern about the outlook for demand tempered gains.
French insurer AXA’s 4,300 Swiss employees mistakenly got double their normal December salaries in a Christmas surprise that quickly fell flat when they learned they would not be allowed to keep the extra cash.
Oil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States, currently the world’s biggest crude producer, though concerns about the global economy continued to weigh.
On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair – chains unhooked, wheels buckled and paint starting to fade – reflecting the quick rise and sharp fall of the Chinese bike-sharing startup.
South Korea’s transport ministry said it would file a complaint against German luxury carmaker BMW with prosecutors for allegedly delaying recalls and concealing defects that led to several engine fires in the country this year.
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