Business & Finance News
European shares were little changed in choppy trade on Monday, as a four-day rally ran out of steam after investor nervousness over fast-rising U.S. interest rates and Washington’s trade dispute with Beijing hit Asian markets.
Apple Inc has told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to the iPhone XR which launched last month, the Nikkei reported https://s.nikkei.com/2PHPYWb on Monday.
World stocks slipped on Monday, halting a four-day recovery rally as anxiety surrounding global trade conditions and rising U.S. interest rates dampened risk appetite.
Iran said it would defy the reimposition of more U.S. sanctions on Monday, condemning as “economic war” Washington’s attempt to curb Tehran’s missile and nuclear programs and weaken its influence in the Middle East.
SoftBank Group Corp CEO Masayoshi Son on Monday condemned the killing of a journalist by Saudi security personnel, and said his firm must carry out its responsibility to the kingdom’s citizens whose money is invested in its Vision Fund.
SoftBank Group Corp CEO Masayoshi Son condemned the killing of a journalist by Saudi security forces, but defended the firm’s financial ties with Saudi Arabia, saying SoftBank will continue carrying out its responsibility to that country’s citizens.
Intesa Sanpaolo’s shares fell by more than 2 percent on Monday, as a Goldman Sachs downgrade outweighed a strong performance by Italy’s top retail bank in Europe’s stress tests.
European shares dipped on Monday after markets in Asian again suffered from investor nervousness over fast-rising interest rates in the United States and its trade dispute with China.
Shares in Italian banks Banco BPM and Intesa Sanpaolo both fell around 1.5 percent in early trade on Monday after the results of last week’s Europe-wide stress tests of the sector.
The European Union is opposed to the United States’ decision to reimpose oil and financial sanctions against Iran, European Economic Affairs Commissioner Pierre Moscovici said on Monday.
Iran is in constant contact with other signatories of a 2015 nuclear deal reached between Tehran and powers as the United States reinforces lifted sanctions under the pact, Iranian Foreign Ministry spokesman Bahram Qasemi said on Monday.
New U.S. sanctions on Iran’s vital oil sector are part of a psychological war launched by Washington against Tehran but these will fail, Foreign Ministry spokesman Bahram Qasemi was cited as saying by state TV.
Japan’s Subaru Corp said it would recall more vehicles sold in the domestic market on new cases of inspection cheating, and cautioned that rising recall costs would lop off about a quarter from its annual profit forecast.
The United States re-introduced sanctions against Iran on Monday, although it also gave some of its closest allies exemptions that will allow Tehran’s biggest customers, mostly in Asia, to still buy crude for now.
China said on Monday its lawful trade cooperation with Iran should be respected and expressed regret that the United States re-imposed sanctions on the Middle Eastern country.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
