Global stocks perch near record highs ahead of U.S.-China trade deal
World stock markets ticked higher on Monday, hovering just below record levels ahead of the expected signing of a Phase 1 China-U.S. trade deal, although markets have yet to see details of the agreement.
Oil steady as fears over U.S.-Iran conflict ease, focus turns to trade deal
Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand.
Walmart sacks 56 executives in India as part of restructuring
Walmart Inc, the world’s largest retailer, has fired 56 of its executives in India as it restructures in the country.
As businesses hold back, U.S. consumers seen boosting big banks’ profits
Consumer lending is expected to propel profits for big U.S. banks when they unveil fourth-quarter results this week, though stress in corporate lending and uneven capital markets may cast a shadow over results.
The real price of Occidental’s ‘costless’ oil hedge
In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as “costless” but a Reuters review of regulatory filings, market data and …
Asian shares at 19-month highs ahead of U.S.-China deal
Asian shares shook off a quiet start to reach new 19-month highs on Monday ahead of the expected signing of a Phase 1 China-U.S. trade deal, although markets have yet to see the details of the agreement.
Walmart India says eight senior staff among 56 executives fired
Walmart Inc , the world’s largest retailer, has fired 56 of its India executives including eight from senior management, Krish Iyer, President and CEO of its India unit, said on Monday.
Ford’s China vehicle sales drop 26% in third straight year of decline
Ford Motor Co’s China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles.
China’s BYD names former GM president Kevin Wale as senior adviser
China’s BYD Co Ltd said on Monday it has appointed Kevin Wale, former General Motors (GM) China President, as a senior adviser to the electric car maker’s chairman.
Walmart sacks around 50 executives in India restructuring: sources
Walmart Inc , the world’s largest retailer, has fired around 50 of its India executives as part of its restructuring in the country, three sources with direct knowledge told Reuters.
