Business & Finance News
Global equity markets advanced on Monday as stocks on Wall Street held near record highs on hopes U.S.-Sino talks delay a U.S. tariff deadline this coming Sunday, while gold rose as investors hedged against a possible escalation in the trade war.
Prosus raised its unsolicited cash offer for British food delivery service Just Eat to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway in their bitter takeover battle.
Wall Street’s main indexes treaded water on Monday, with investors keeping a close watch on headlines around U.S.-China trade as planned tariffs on Chinese imports kick in on Dec. 15.
Canada’s new minority Liberal government will present a fiscal update before the Christmas break, although no date has been set, Finance Minister Bill Morneau said on Monday.
Finnish telecoms equipment maker Nokia has suspended legal action against German carmaker Daimler in the hope that mediation will resolve their dispute over technology licensing fees.
Walmart in Chile on Monday pulled requests it filed earlier with Chilean courts demanding police protection for its supermarkets, but said looting of its stores continued and that the situation following weeks of unrest remained “complex.”
U.S. consumers’ inflation expectations rose slightly in November, bringing the outlook for near and medium-term inflation up from a five-year low in a New York Federal Reserve survey, potentially offering relief to policymakers worried about sagging inflation.
The S&P 500 and Nasdaq indexes edged higher on Monday, with investors keeping a close watch on headlines around U.S.-China trade as planned tariffs on Chinese imports kick in on Dec. 15.
Xerox Holdings Corp expects its proposed acquisition of personal computer company HP Inc to result in sales growth of as much as $1.5 billion for the combined company, according to a presentation by the printer maker.
World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival shipbuilder Daewoo will face a full-scale investigation in Europe due to serious EU antitrust concerns, two people familiar with the matter said on Monday.
Quantum computers aim to carry out tasks in just a few minutes that would take today’s best conventional computers thousands of years. But in nearly every photograph of the devices, there’s a tangle of wires in the background connected to equipment that controls the quantum computer.
U.S. stocks opened slightly lower on Monday, as weak data from China rekindled fears of a slowdown in the world’s second-biggest economy, while investors looked for any positive news on trade talks ahead of a tariff deadline later in the week.
World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival shipbuilder Daewoo is expected to face a full-scale investigation in Europe due to serious EU antitrust concerns, two people familiar with the matter said on Monday.
PG&E Corp said https://www.sec.gov/ix?doc=/Archives/edgar/data/75488/000095015719001393/form8-k.htm on Monday it would take a pretax charge of $4.9 billion in the current quarter related to the settlement of claims from victims of some of most devastating wildfires in California’s modern history.
Electric air taxis — known colloquially, if somewhat misleadingly, as “flying cars” — could draw millions of investor dollars away from ground-based transportation start-up firms in 2020, according to a study released on Monday.
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