Wall St. rallies on stimulus cheer, Apple leads tech gains
U.S. stocks surged on Monday on growing hopes that major economies would act to stymie the slowing economic effects of escalating global trade tensions, while technology stocks rose led by a nearly 3% gain in Apple’s shares.
Disney streaming service to launch in Canada, Netherlands in November
Walt Disney Co said on Monday it will launch its Disney+ video streaming service in Canada and the Netherlands on Nov. 12, the same date as its previously announced United States launch.
Oil up after drone attack on Saudi field, but OPEC report caps gains
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemen’s Houthi forces and as traders looked for signs of progress in U.S.-China trade negotiations.
Equinor, Gazprom lose European gas market share as LNG surges
Europe’s two biggest suppliers of pipeline gas, Norway’s Equinor and Russia’s Gazprom, have lost market share for the first time in at least four years amid a tripling in liquefied natural gas (LNG) imports into the region over the past 10 months.
Wall St. opens higher on stimulus hopes
Wall Street opened higher on Monday, after China’s plans of an interest rate reform reinforced hopes that major economies would act to counter the impact of escalating global trade tensions.
U.S. grants Huawei another 90 days to buy from American suppliers
The United States will extend a reprieve that permits China’s Huawei Technologies to buy components from U.S. companies to supply existing customers, the Commerce Department said on Monday, but it also moved to add more than 40 of Huawei’s units to it…
Cathay Pacific’s new boss puts emphasis on safety and security
Cathay Pacific Ltd needs to focus on safety and security, its customers and the completion of a three-year financial turnaround plan, the airline’s new chief executive told staff on Monday.
U.S. Commerce secretary: Fed policies boosting U.S. dollar
Commerce Secretary Wilbur Ross said on Monday that the Trump administration was not happy with how Federal Reserve monetary policy was helping the U.S. dollar stay strong.
U.S. Commerce Secretary Ross downplays fears of recession
U.S. Commerce Secretary Wilbur Ross on Monday added to a chorus of presidential officials downplaying concerns over a looming recession after the U.S. Treasury yield curve temporarily inverted last week for the first time in 12 years.
U.S. grants Huawei another 90 days to buy from American suppliers: Ross
U.S. Commerce Secretary Wilbur Ross said Monday the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers.
