Wall Street nears record high on trade, earnings optimism
U.S. stock indexes rose to near all-time high on Monday on optimism about the imminent signing of a preliminary U.S.-China trade deal as well as the start of the fourth-quarter corporate earnings season.
Banks lobby Aramco for incentive fee after slim IPO pickings: sources
Global banks who worked on Saudi Aramco’s record initial public offering are pushing for an additional “incentive fee”, three sources familiar with the matter said, as they try to boost relatively low earnings from the deal.
Citi’s corporate banking arm aims to pick up steam as market cools down
When Citigroup Inc combined businesses that cater to big companies in 2018, management wanted dealmakers, traders and traditional corporate bankers to combine forces and propel Citi toward the top of Wall Street market-share rankings.
Oil falls 1% as Mideast tensions ease, U.S. gasoline stocks weigh
Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following a bearish U.S. report last week showing a large gasoline stockbuild.
Stocks, dollar gain ahead of U.S.-China trade deal
The dollar edged higher while a gauge of global equity markets rose on Monday, lifted by optimism over the planned signing this week of a U.S.-China trade deal and expectations the start of the U.S. corporate earnings season will not disappoint.
Wall Street hovers near all-time high as trade deal, earnings awaited
U.S. stock indexes traded just below all-time highs on Monday as investors awaited the signing of a preliminary trade deal between the United States and China, as well as the start of the fourth-quarter earnings season.
U.S. makes it harder to sue corporations over franchise wage law violations
The Trump administration has made it harder for employees of fast-food restaurants or other big franchises to sue corporations when individual franchise owners violate wage laws, a step that was a top priority for business groups.
India orders antitrust probe of Amazon, Walmart’s Flipkart
India ordered an investigation of Amazon.com Inc and Walmart’s Flipkart on Monday over alleged violations of competition law in the latest setback for U.S. e-commerce giants operating in the country.
Renault shares fall on worries Nissan alliance doomed without Ghosn
Renault shares hit six-year lows on Monday as investors worried the French automaker’s 20-year cost-sharing alliance with Nissan is headed for a break-up without Carlos Ghosn to hold it together.
Avenatti objects to U.S. ‘document dump,’ seeks possible Nike trial delay
Celebrity lawyer Michael Avenatti wants a U.S. judge to exclude large amounts of material that federal prosecutors produced recently for his trial accusing him of trying to extort Nike Inc , or else to delay the Jan. 21 trial by 30 days.
