Business & Finance News
U.S. stocks were set to open lower on Monday as weak data from China brought back 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.
Finnish telecoms equipment maker Nokia has called a temporary halt to legal action against Daimler in the hope the German carmaker will be open to mediation in their dispute over technology licensing fees.
Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing.
Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors from their joint venture producing vehicles in Russia under the Chevrolet brand, effectively ending GM’s presence in car assembling in the country.
The proceeds from Saudi Aramco’s record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel on Monday.
Global equity markets were in a somber mood on Monday, holding well off recent two-year highs after Chinese export data highlighted the damage from the 17-month long trade war and re-focused attention on a crucial Dec. 15 tariff deadline.
U.S. stock index futures edged lower on Monday as weak data from China brought back fears of a slowdown in the world’s second-biggest economy, while investors awaited more news on trade ahead of a tariff deadline later in the week.
Shares in Tesco rose more than 5% on Monday after Britain’s biggest retailer said it might sell its Asian businesses, in Thailand and Malaysia, which analysts valued at up to $9 billion.
Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing.
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 a bitter takeover battle.
Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors from their joint venture producing vehicles in Russia under the Chevrolet brand.
Swedbank said on Monday its chief risk officer was leaving as the Swedish bank’s new CEO revamps its structure to regain customer trust after a money laundering scandal sent its shares down 40% in the past year.
U.S. state attorneys general, led by New York and California, deliver opening arguments Monday in a bid to stop T-Mobile U.S. from buying Sprint Corp in a trial that highlights disagreements between federal antitrust enforcers, who are Republican, and Democrats in powerful states.
More and more companies are putting plans for U.S. initial public offerings (IPO) on ice this year because of investor pushback against their valuations, creating a backlog that could make stock market debuts more challenging in 2020.
Swedbank said on Monday its chief risk officer was leaving as the Swedish bank revamps its structure to regain customer trust after a money laundering scandal in its Baltic branches sent its shares down 40% in the past year.
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