Trump sees slowing Chinese growth pressuring Beijing on trade
U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S. tariffs were having “a major effect” and warned that Washington could pile on more pressure as bilateral trade talks sputtered along.
Stock futures slightly higher ahead of Citi results
U.S. stock futures extended last week’s gains to trade slightly higher on Monday in the run up to the start of second-quarter earnings reports, beginning with Citigroup.
Ford, UAW to kick off contentious contract talks
The United Auto Workers and Ford Motor Co will officially launch talks on a four-year contract on Monday that are expected to be contentious, with rising healthcare costs, job security and the use of temporary workers expected to be major sticking poi…
Retailers cash in on Amazon’s ‘free marketing’ on Prime Day
Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday’s Black Friday as a driver of sales.
Gilead invests $5 bln 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 18 percent to an all-time high on Monday.
Oklahoma, J&J to wrap up first trial over opioid crisis
Oklahoma’s attorney general is expected on Monday to urge a judge to find Johnson & Johnson responsible for flooding the market with painkillers and fueling the U.S. opioid epidemic, as the first trial in nationwide litigation over the drug crisis comes to an end.
Oil prices nudge up 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.
Hold the beers: Budweiser APAC IPO hit by investor push-back
Scepticism over AB InBev’s high valuations doomed Budweiser APAC’s IPO of up to $9.8 billion – poised to be the world’s biggest this year – investors and bankers said, putting would-be floats on notice that careful pricing remains key to success.
Reassuring Chinese data nudges shares higher
Surprisingly upbeat economic soundings from China lifted the global markets mood on Monday, pushing world shares toward an 18-month high and steering the Aussie dollar and copper upwards.
Amazon workers in Germany strike over pay, Verdi union says
More than 2,000 workers at seven Amazon sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday.
