Business News

Oil prices rose on Monday on hopes for a Sino-American trade deal but gains were capped by weak Chinese industrial data.

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Lebanese banks said on Monday they would ensure public sector workers were paid their salaries as they remain closed by a wave of protests against politicians blamed for corruption and steering Lebanon toward economic collapse.

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U.S. President Donald Trump said on Monday he expected to sign a significant part of the trade deal with China ahead of schedule but did not elaborate on the timing.

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The S&P 500 hit record high at open on Monday on rising hopes of a U.S.-China trade deal, while bets that the Federal Reserve would lower borrowing costs at its policy meeting this week also brightened the mood.

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U.S. President Donald Trump said on Monday he expected to sign a significant part of the trade deal with China ahead of schedule but did not elaborate on the timing.

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LVMH has offered to buy Tiffany & Co, the U.S. jewelry retailer known for its engagement rings and ties to Hollywood glamor.

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The largest banking lenders to the U.S. oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said.

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LVMH has offered to buy Tiffany & Co, known for its engagement rings and ties to Hollywood glamor, as the owner of Louis Vuitton and Bulgari seeks to expand in jewelery, one of the fastest-growing parts of the luxury goods market.

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The United States rejected China’s request on Monday for $2.4 billion in compensatory sanctions for alleged U.S. failure to comply with a World Trade Organization (WTO) ruling, sending it to arbitration, Geneva trade official said.

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Danish brewer Carlsberg revised upwards its annual profit growth outlook on Monday, saying it now expects organic operating profit to rise by around 10% versus a previous forecast for a “high single-digit” percentage increase.

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AT&T Inc said on Monday it would add two new board members and consider selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor Elliott Management.

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Microsoft shares rise 3.4% to $145.50 premarket, after company wins the Pentagon’s $10 billion cloud computing contract.

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Brazil’s benchmark interest rate will be cut to a record low of 5.00% on Wednesday, according to the unanimous view in a Reuters poll of economists, as the central bank battles to spur economic growth and prevent inflation from falling further below target.

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AT&T Inc added more mobile phone subscribers who pay a monthly bill than analysts’ estimates for the third quarter as the wireless carrier attracted customers with media content bundled with phone plans.

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The International Monetary Fund said on Monday Lebanon should urgently implement reforms to restore confidence and economic stability, as protesters kept up the pressure on politicians they accuse of corruption by setting up new road blocks.

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