Walmart Chile to resume talks with union amid strike
Walmart Chile said on Monday it would resume talks with a union of 17,000 workers who walked off the job last week amid a major push by the global retail giant to automate jobs and slash costs.
Oil prices rise on Chinese economic data
Oil prices rose on Monday as Chinese industrial output and retail data topped expectations, though gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades.
Chinese data reassures, Citi starts earnings torrent
Surprisingly upbeat economic soundings from China pushed world shares toward an 18-month high and steered the Aussie dollar upwards on Monday, as Citigroup delivered Wall Street’s first heavyweight beat of the new earnings season.
Wall Street set to open higher as banks rise after Citi results
Wall Street was set to extend last week’s gains at the open on Monday as second-quarter corporate earnings got off to an upbeat start with results from the third largest U.S lender, Citigroup, beating expectations.
Gilead invests $5 billion to deepen ties with biotech Galapagos
U.S. antiviral drugmaker Gilead Sciences will invest $5.1 billion in a major expansion of its partnership with Belgo-Dutch biotech Galapagos NV , news that lifted Galapagos’s shares more than 18% to an all-time high on Monday.
Factbox: The Galapagos drugs pipeline that has drawn in Gilead
U.S. antiviral drugmaker Gilead Sciences will invest $5.1 billion in a major expansion of its partnership with Belgo-Dutch biotech Galapagos NV .
Deutsche Telekom loses lawsuit over all-you-can-watch video product
Deutsche Telekom has lost a legal battle to continue offering an all-you-can-watch mobile video product after a court sided with the German regulator, saying it violated European rules on roaming and network neutrality.
Citigroup profit beats estimates on gains in consumer lending
Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business.
Huawei to invest $3.1 billion in Italy but calls for fair policy on 5G: country CEO
China’s Huawei Technologies said it would invest $3.1 billion in Italy over the next three years, as the Chinese telecoms giant called on Rome to ensure the “transparent, efficient and fair” use of its ‘golden power’ on 5G network development.
Oil prices edge higher on Chinese economic data
Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades.
