Oil steadies on OPEC cuts, but oversupply fears persist
Oil prices pared gains on Monday after worries about oversupply persisted, pulling back from an early rally as OPEC extended supply cuts until March 2020 during a meeting in Vienna.
Wall Street rallies as trade optimism lifts tech stocks
Wall Street’s main indexes rallied on Monday, with the S&P 500 hitting an all-time high, as technology stocks gained on growing optimism around U.S.-China trade talks and a likely reprieve for Chinese telecoms company Huawei.
Exclusive: FIS to win EU approval for $35 billion Worldpay deal: sources
U.S. financial services provider Fidelity National Information Services Inc (FIS) is set to gain unconditional antitrust approval from the European Union for its $35 billion bid for payments company Worldpay , people familiar with the matter said on …
U.S. factory activity falls to more than two-and-a-half-year low
U.S. manufacturing activity hit more than a 2-1/2-year low in June, with a measure of new orders received by factories tumbling, amid growing anxiety over the escalation in trade tensions between the United States and China.
U.S.-China trade truce pushes global stocks higher
Global stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks at the G20 summit over the weekend, leading investors to bet that a breakthrough between the world’s two largest economies would jumpstart …
Applied Materials to buy Kokusai for $2.2 billion to boost memory chip business
U.S. chip gear maker Applied Materials Inc on Monday agreed to buy Japanese peer Kokusai Electric for $2.2 billion from KKR & Co Inc , as it bets on rising demand for memory chips used in data centers, 5G phones and AI-powered devices.
S&P 500 hits record high as trade optimism boosts techs
Gains in technology stocks lifted the S&P 500 to a record high on Monday, powered by growing optimism around U.S.-China trade talks and a likely reprieve for Chinese telecoms company Huawei.
Exclusive: EU to clear without conditions FIS’ $35 billion Worldpay bid – sources
EU antitrust regulators are set to approve without conditions a $35 billion bid by U.S. financial services provider Fidelity National Information Services Inc (FIS) for payments company Worldpay , people familiar with the matter said on Monday.
Warren Buffett donates $3.6 billion to Gates’ and family charities
Warren Buffett is donating roughly $3.6 billion of Berkshire Hathaway Inc stock to five charities, including the Bill & Melinda Gates Foundation, the biggest contribution in Buffett’s plan to give away his fortune.
Global share listings dragged to three-year low by European shortage
Global share listings hit their lowest level in three years in the first half of the year, with a slowdown in Europe counteracting a stronger U.S. showing where tech giants Uber and Pinterest made their debuts.
