Business & Finance News
Oil prices fell to the lowest in more than a year on Monday as the coronavirus outbreak curtailed Chinese demand and sparked potential supply cuts by OPEC and its allies.
The European Commission on Monday published a negotiating mandate for EU governments to endorse on Feb. 25 to start talks with Britain on a deal governing post-Brexit relations.
U.S. stocks rose on Monday, with gains in Amazon and technology stocks as well as a surprise rebound in U.S. factory activity helping markets attempt a recovery from steep weekly losses due to concerns over the coronavirus epidemic.
Uber has told the Colombian government it is considering taking its dispute with the Andean country to international arbitration, the company’s general manager for Latin America George Gordon told Reuters.
U.S. stocks climbed on Monday as gains in Amazon and Nike as well as a surprise rebound in U.S. factory activity helped markets attempt a recovery from steep weekly losses due to concerns about the coronavirus epidemic.
Oil prices fell to the lowest in more than a year on Monday, dragged down by concern over demand in China after the coronavirus outbreak, though the possibility of deeper crude output cuts by OPEC and its allies offered some price support.
The dollar strengthened and a gauge of global stocks jumped, lifted by an unexpected rebound in U.S. manufacturing that helped temper fears that caused stocks overnight in Asia to plunge on the potential impact of the coronavirus in China.
Panasonic Corp reported the first quarterly profit in its U.S. battery business with Tesla Inc on Monday, after several years of production troubles and delays at the U.S. partner.
Two thirds of smaller banks typically have only men as executive directors, while lenders with men and women in top roles were likely to be more profitable, the European Union’s banking watchdog said on Monday.
Electric cars accounted for a 44.3% share of Norway’s new car sales in January, rising from the year but well below the 50-60% range the industry forecast for 2020, data from the Norwegian Road Federation showed on Monday.
Swatch Group has canceled a retailer event in Zurich at the end of the month because of the coronavirus outbreak, the Swiss watchmaker said on Monday.
Softbank-backed WeWork named real estate industry veteran Sandeep Mathrani as its new chief executive, tasking him with turning around the embattled office-sharing startup after its botched attempt to go public last year.
Wall Street main indexes rose 1% on Monday following their worst week in at least four months as Amazon and Nike gained and U.S. factory activity showed a surprise rebound.
U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out.
The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship that could result in the most distant of ties.
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