Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India
India’s Reliance Industries Ltd on Monday announced a partnership with Microsoft’s Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.co…
Barrick posts profit jump, flags significant work ahead on Acacia
Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving problems around its African unit, whose buyout the company expects to complete next month….
Oil rises despite fears of a global economic downturn
Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as crude.
CBS, Viacom in final stages of all-stock merger: sources
CBS Corp and Viacom Inc are in the final stages of negotiation of an all-stock merger, two sources told Reuters.
Yen and bond bulls charge on; Argentina braces for mauling
Investors piled into gold, the safe-haven yen and bonds on Monday over nagging concerns about a prolonged U.S.-China trade war and global growth, while Argentina’s peso plunged 27% after voters handed its president an election mauling.
Wall Street set to open lower as trade war stokes fears of recession
Wall Street was set to open lower on Monday, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China could force the global economy into recession.
Saudi Aramco aims to buy Reliance stake, reports lower earnings
Saudi Aramco is planning a multibillion dollar investment in India’s Reliance Industries as the energy giant diversifies its oil business, where weaker prices cut its first-half profit by 12%.
Nike aims sneaker subscriber scheme at $10 billion U.S. kids market
Nike Inc will launch a new subscription service for kids sneakers this week that seeks to woo parents with an offer of fewer nightmarish trips to the shoe store in exchange for a regular fee and consistent brand loyalty.
AMS sparks bidding war for Osram, shines spotlight on auto business
Osram said on Monday it would consider a takeover by Austrian sensor maker AMS that trumps a competing bid by Bain and Carlyle with a cash offer valuing the German lighting group at 4.3 billion euros ($4.8 billion).
Stock futures fall on trade war, global growth worries
U.S. stock index futures fell on Monday, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China would significantly hamper global growth.
