Stocks rise on trade hopes, dollar gains on risk appetite
The dollar strengthened and global stock markets rallied on Monday on signs the United States and China could soon end a damaging trade war as well as indications the world may yet dodge an economic recession.
Oil prices rise 2% on U.S.-China hopes and improved outlook
Oil prices rose $1 a barrel on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month.
ECB governor accused of bribery in Latvia corruption trial
Latvia’s central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first corruption trial of a European Central Bank governor.
U.S.-China trade optimism lifts Wall Street to record high
Technology stocks pushed Wall Street’s three main indexes to record highs on Monday, as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite.
ArcelorMittal to hand Ilva plant back to Italian state over legal row
ArcelorMittal said on Monday it was withdrawing from a deal to buy struggling Italian steelmaker Ilva after Rome reneged on a promise to give it immunity from prosecution over its heavily polluting plant.
Germany to hike electric car subsidies as VW launches car
Germany plans to increase by half the grants available to buyers of electric cars over the five years from 2020, according to a government document seen by Reuters, the latest in a series of measures to speed the adoption of low-emissions vehicles.
Huawei will maintain robust growth in absence of U.S. supply: board director
Chinese telecoms equipment maker Huawei will maintain robust business growth in the absence of U.S. supply and does not rely on any U.S. technology and components for 5G, board director William Xu said on Monday.
Italian government to summon ArcelorMittal over Ilva contract: source
The Italian government will summon representatives of ArcelorMittal for a meeting following the group’s decision to pull out of a contract to take over struggling Italian steel maker Ilva, a government source said on Monday.
EU argues case against Trump’s metal tariffs at WTO
The European Union argued on Monday for the withdrawal of tariffs imposed by U.S. President Donald Trump on metal imports in one of the most high-profile and potentially explosive cases to come to the World Trade Organization (WTO).
McDonald’s says Easterbrook eligible for half-year severance
McDonald’s Corp said on Monday former chief executive officer, Steve Easterbrook, was eligible for six months of severance pay as part of his termination agreement with the company.
