Business & Finance News
Oil futures rose on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran.
Casino operator Wynn Resorts on Monday named industry veteran Phil Satre its vice-chairman, in a symbolic victory for largest shareholder Elaine Wynn, who has been pushing for changes at the company’s board.
Goldman Sachs on Monday named Jim Esposito global co-head of the Wall Street bank’s trading division, according to an internal memo seen by Reuters.
Russia’s Gazprom suspended its external borrowing program earlier this year because of a deepening legal dispute with Ukraine’s Naftogaz over gas supplies, three banking sources told Reuters.
Facebook Inc has asked large U.S. banks to share detailed financial information about their customers, as part of an effort to offer new services to users, The Wall Street Journal reported on Monday, citing people familiar with the matter.
Wynn Resorts Ltd on Monday named Phil Satre vice chairman as part of a settlement reached with the casino operator’s co-founder and largest shareholder, Elaine Wynn, who had been pushing to reorganize the board.
Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.
U.S. stock indexes were little changed on Monday as investors weighed an escalating trade dispute between the United States and China, and a mixed bag of corporate results.
Tyson Foods Inc , the No. 1 U.S. meat processor, beat analysts’ quarterly profit estimates on Monday due to strong demand for beef, but executives warned that trade disputes were threatening the company’s pork and chicken businesses.
U.S. stocks opened slightly lower on Monday as investors focused on escalating trade tensions between the United States and China.
Shares in Linde dropped as much as 10 percent on Monday after the German industrial gases group’s planned $86 billion merger with U.S. rival Praxair was thrown into doubt by more demands from U.S. antitrust regulators.
Indonesia handed over to Malaysia on Monday a $250 million luxury yacht, impounded earlier this year as part of an international hunt for assets purchased with billions of dollars allegedly siphoned off from state fund 1Malaysia Development Bhd.
Stock markets struggled on Monday as fears of a further escalation in the U.S.-China trade conflict offset prospects for more bumper corporate earnings, and broader market sentiment remained fragile.
PepsiCo Inc said on Monday Indra Nooyi would step down as its longtime chief executive officer, handing over the reins to company veteran Ramon Laguarta at a time the beverage maker navigates a shrinking global soda market.
U.S. stock futures were marginally higher on Monday as strong corporate earnings countered worries about escalating trade tensions between the United States and China.
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