Business & Finance News
Escalating and sustained trade conflicts following U.S. tariff actions threaten to derail economic recovery and depress medium-term growth prospects, the International Monetary Fund warned on Monday.
Qatar Airways chief executive said the airline was adapting to a regional blockade that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year.
The chairman of embattled German industrial group Thyssenkrupp resigned on Monday, following the company’s chief executive out the door under pressure from activist shareholders pushing for radical restructuring of the group.
Wall Street was mostly flat on Monday as a slump in oil prices dragged energy shares lower, offsetting a jump in financial stocks after Bank of America’s strong results reinforced expectations of earnings growth for U.S. companies.
Oil prices slumped 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
Federal Communications Commission Chairman Ajit Pai said on Monday he has “serious concerns” about Sinclair Broadcast Group Inc’s proposed $3.9 billion acquisition of Tribune Media Co , an announcement that could scuttle the deal.
BlackRock Inc Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies such as bitcoin, but cautioned he does not see massive investor demand.
BlackRock Inc , the world’s biggest asset manager, reported smaller demand for its funds on Monday as investors fled risk, overshadowing a better-than-expected quarterly profit, and its shares dipped.
Britain and Europe should work together on a future combat air system, or risk further fragmenting the European defense market, Airbus defense chief Dirk Hoke said on Monday, after Britain pushed forward with its own new fighter jet program.
The chief executive of Qatar Airways said the airline was adapting to a regional blockade that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year.
Uber Technologies Inc is being investigated by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The benchmark S&P 500 index was marginally lower on Monday as a sharp drop in crude oil prices weighed on the energy stocks and offset a rebound in financials after Bank of America’s strong results reinforced expectations of a strong earnings season.
British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market.
Bank of America Corp reported quarterly profit above expectations as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
Uber Technologies Inc is being investigated by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
