Lebanon’s closed banks pledge to pay out salaries
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.
Trump: ‘ahead of schedule’ on China trade deal
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.
S&P 500 hits record high at open
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.
LVMH woos Tiffany to tap fast-growing jewelery market
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.
Factbox: LVMH’s jewelry and watches business
LVMH has offered to buy Tiffany & Co, the U.S. jewelry retailer known for its engagement rings and ties to Hollywood glamor.
Small U.S. oil and gas companies get cold shoulder from large banks
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 b…
U.S. goods trade deficit falls in September, inventories mixed
The U.S. goods trade deficit fell in September as trade tensions restricted the flow of goods, but that will probably not change expectations of a further deceleration in economic growth in the third quarter.
UniCredit unveils 2015 data breach involving 3 million Italian clients
UniCredit has uncovered a data breach involving the personal records of 3 million domestic clients, it said on Monday, the third security incident at Italy’s top bank in recent years.
Stocks gain on hopes of trade deal, Fed cut
World shares rose to three-month highs on Monday, boosted by hopes for a trade deal and strong U.S. corporate earnings, while the dollar dipped from its highest in a week before a Federal Reserve rate decision.
KKR adds Deutsche Bank to defense supplier Hensoldt’s IPO lineup: sources
Private equity firm KKR has added Deutsche Bank and KKR Capital Markets as additional global coordinators for the planned stock market flotation of German defense supplier Hensoldt, people close to the matter said.
