Worst may be over for euro zone factories, recovery to be slow: PMI
Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday, but activity is still contracting sharply as government-imposed lockdowns due to the coronavirus pandemic keep demand in check.
Buyout funds launch $3 billion bid for Spain’s MasMovil
Buyout funds KKR , Cinven and Providence have mounted a friendly bid to pay up to 2.96 billion euros ($3.30 billion) for Spain’s MasMovil , the companies said on Monday, sending shares in the telecom operator soaring more than 20%.
Hyundai Motor’s May sales fall sharply year-on-year on COVID-19 impact
South Korea’s Hyundai Motor Co said on Monday its provisional May sales fell 39% year-on-year to 217,510 vehicles globally, as the coronavirus outbreak continued to hit demand in key markets.
KKR, Cinven, Providence file public tender offer for Masmovil
Buyout funds KKR , Cinven and Providence teamed up to file a 2.96 billion euro ($3.30 billion) public tender offer for Spanish telecom company MasMovil on Monday.
Asia stocks scale 3-month peak, resilient to U.S. rioting
Asian shares advanced to three-month highs on Monday as progress on re-opening economies helped offset jitters over riots in U.S. cities and unease over Washington’s power struggle with Beijing.
Oil prices edge up ahead of upcoming OPEC+ meeting
Oil prices were little changed on Monday, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
Analysts’ View: Impact of the U.S. protests on financial markets
National Guard troops have been deployed in 15 U.S. states and the U.S. capital after five nights of violence and destruction that began with peaceful protests over the death of a black man, George Floyd, in police custody.
Asia stocks hit 3-month peaks, resilient to U.S. rioting
Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington’s power struggle with Beijing.
Escalating China tensions could become an obstacle for U.S. stock rally
U.S. President Donald Trump’s directive on Friday to begin the process of eliminating special treatment for Hong Kong is likely to put China-U.S. tensions back in the headlines over the coming months, creating a new driver of volatility in global equit…
Oil prices edge down as wary traders eye upcoming OPEC+ meeting
Oil prices edged down on Monday as traders took profits, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
