Business & Finance News
Oil prices rose slightly Monday on hopes energy demand will benefit from the trade deal between the United States and China announced last week, but prices remained below the previous session’s three-month highs.
Amazon.com Inc said on Monday it is blocking third-party sellers from using FedEx Corp’s ground network to deliver its Prime shipments.
Boeing Co will halt 737 production in January for the first time in more than 20 years as the grounding of the planemaker’s best-selling MAX looks set to last well into 2020, the Wall Street Journal reported on Monday.
Global stock markets rallied on Monday, lifting Wall Street’s three major indexes and a global gauge of equity performance to record highs, after a preliminary U.S.-China trade deal pointed to stronger world growth, helping to drive up oil prices.
Amazon.com Inc is blocking third-party sellers from using FedEx Corp’s network for delivery of its Prime shipments, the Wall Street Journal reported on Monday, citing a company email.
The U.S. Securities and Exchange Commission (SEC) has settled foreign corruption charges against former Goldman Sachs Group Inc executive Tim Leissner for his involvement in Malaysia’s multibillion-dollar 1MDB corruption scandal, the agency said on Monday.
Wall Street hit record highs for the third straight session on Monday as cooling trade tensions between Washington and Beijing and upbeat economic data from China boosted investor sentiment.
Automakers and congressional aides told Reuters they do not expect the U.S. Congress will extend a $7,500 tax credit for electric vehicles in a year-end spending bill expected to be released later on Monday.
The so-called Phase One trade deal between Washington and Beijing has been “absolutely completed,” a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement.
Boeing Co suppliers, customers and financiers braced on Monday for a possible freeze in Boeing 737 production for the first time in more than 20 years as the grounding of the best-selling MAX looks set to last well into 2020.
France’s markets watchdog AMF said on Monday it had fined U.S. news agency Bloomberg News 5 million euros ($5.5 million) for publishing a hoax press release relating to construction group Vinci in November 2016.
Tyson Foods Inc received approval from U.S. and Chinese authorities to export American poultry to China from all 36 of its U.S. processing plants and expects to begin taking orders early next year, a chief supply chain officer for the company said.
Goldman Sachs Group Inc said on Monday it will provide $750 billion in financing, advisory services and investments for initiatives that fight climate change, as well as those that foster economic opportunities for under-served people over the next decade.
The United States and China have agreed on the terms of a “Phase One” trade deal that reduces some U.S. tariffs on Chinese goods and is said to boost Chinese purchases of American farm, energy and manufactured goods while addressing some disputes over intellectual property.
WPX Energy Inc said on Monday it would buy privately held Felix Energy in a $2.5 billion deal, as the Permian basin operator looks to add oil-rich acreage in the Delaware region of the prolific shale field, sending its shares up more than 9%.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
