Stocks edge higher as crude oil gains
NEW YORK – A gauge of global equities edged higher on Monday as another drop in Boeing shares and concerns U.S. companies will report a decline in earnings for the first time in three years were offset by rising crude prices that lifted oil shares.
Delays at U.S.-Mexico border crossing hits autos, trucks still lining up
Long delays at the U.S.-Mexico border crossing for goods destined for American plants and consumers are hitting the U.S. auto industry, and the gridlock reduced by half the number of northbound trucks that crossed the entry point last week.
Oil gains up to 2% to five-month high as Libyan output threatened
Oil prices rose up to 2 percent on Monday, hitting five-month highs on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela.
Exclusive: Standard Chartered expected to pay just over $1 billion to resolve U.S., U.K. probes
London-based Standard Chartered is expected to pay slightly more than $1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K….
Industrials weigh on Wall Street as earnings season looms
Industrials bogged down Wall Street on Monday, pulling the S&P 500 and the Dow lower as investors braced for what analysts now expect to be the first quarter of contracting earnings since 2016.
Demand for Aramco’s debut bonds at over $50 billion: sources
Saudi Aramco has received over $50 billion in bids for its debut international bond sale, which had been expected to be in the $10 billion region, sources familiar with the matter said.
Shareholder advisers urge investor protest over Credit Suisse pay
Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank’s compensation report and a third backed the report while expressing reservations about whether management pay matched performance.
SEC steps on Tesla ‘reasonable’ to prevent problems: commissioner
The U.S. securities watchdog’s request that a federal judge hold Tesla Inc Chief Executive Elon Musk in contempt over the billionaire entrepreneur’s use of Twitter was “reasonable,” said a U.S. Securities and Exchange Commission official on Monday.
Wall Street stalls on Boeing slide, earnings jitters
U.S. stocks headed lower on Monday, following the S&P 500’s seven-day winning streak, as Boeing’s shares took a hit and investors braced for what could be the first decline in corporate earnings since 2016.
Banque Havilland denies currency manipulation following Qatar lawsuit
Luxembourg-Based Banque Havilland on Monday denied that it had engaged in action designed to weaken Qatar’s economy.
