Business & Finance News
U.S. stocks rose on Monday, boosted by gains in trade-sensitive industrial and technology stocks after the United States and China agreed upon a temporary trade detente.
Indonesia’s Lion Air is reviewing orders of airplanes from Boeing and has not ruled out cancelling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October.
Glencore has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper marketing Telis Mistakidis retires at the end of the year.
GlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion, marking a major biotech investment by Chief Executive Emma Walmsley as she seeks to rebuild the group’s pharmaceuticals business.
U.S. stocks leapt at open on Monday, driven by strong gains in trade-sensitive industrial and technology stocks after the United States and China agreed upon a temporary trade detente.
Uber Technologies Inc on Monday confirmed it hired a senior U.S. auto safety official involved in the federal government’s handling of self-driving cars for its autonomous vehicle efforts.
Glencore has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper Telis Mistakidis retires at the end of the year.
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.
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