Business & Finance News
U.S. stocks edged down on Monday as early support from a rally in China faded, with lower oil prices and disappointing earnings signals from firms including Halliburton and Hasbro helping pull the market lower.
British carmaker Aston Martin is considering flying in components and moving more parts through ports other than Dover if there is any border friction after Britain leaves the EU, its boss told Reuters.
Industrial gases groups Praxair and Linde won U.S. antitrust approval for their $86 billion merger, clearing the last hurdle for the deal in the nick of time.
Belgium has chosen Lockheed Martin’s F-35 stealth jets over the Eurofighter Typhoon to replace its aging F-16s, news agency Belga cited government sources as saying, in a move that would cement the U.S.-made war plane’s position in Europe.
Hasbro Inc said on Monday the recent bankrupt retailer Sears Holding Corp will no impact on the toymaker as it accounted for less than 1 percent of the overall revenue last year.
U.S. stocks opened higher at the start of a busy week of earnings on Monday, riding a wave of gains in global stocks due to hopes of economic stimulus in China and easing tensions over Italy’s debt.
Oil slipped below $80 a barrel on Monday as Saudi Arabia pledged to raise its crude production to a record, two weeks before U.S. sanctions potentially choke off Iranian crude supplies.
Netflix Inc said on Monday it plans to raise about $2 billion in debt to fund original shows, acquire content and for possible acquisitions.
Global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said.
Toymaker Hasbro Inc missed analysts’ estimates for quarterly revenue and profit on Monday, as the demise of major retail partner Toys ‘R’ Us hurt sales in the United States and Europe, sending its shares down 9 percent in early trading.
PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday.
Oil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies.
French food group Danone expects to triple the size of its plant-based business to 5 billion euros ($5.75 billion) by 2025 as it pushes further into the field of healthy eating trends.
Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier.
Several global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said.
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