EasyJet summer clouded by Brexit and economic weakness
Budget airline EasyJet warned on Monday that European travelers were holding off booking their summer holidays for fear of how the Brexit process will end, weakening demand for tickets and prices.
Upbeat data, trade hopes lift Wall Street
Wall Street surged on Monday as upbeat manufacturing data out of the United States and China, as well as further hints of progress in U.S.-China trade talks helped extend last quarter’s buoyant mood.
U.S. retail sales unexpectedly fall as economy slows
U.S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus from $1.5 trillion in tax cuts and increased government spending fades.
Exclusive: Renault alerts prosecutors over Oman dealer payments under Ghosn
Renault has alerted French prosecutors after uncovering suspect payments to a Renault-Nissan business partner in Oman under former Chief Executive Carlos Ghosn, two sources told Reuters on Monday.
Swedish FSA says Swedbank situation no threat to financial stability
Swedbank’s recent problems with alleged money-laundering has affected trust in the bank, but the situation does not pose a problem to financial stability, the Swedish Financial Supervisory Authority (FSA) said on Monday.
U.S. construction spending rises to a nine-month high in February
U.S. construction spending increased for a third straight month in February, boosted by gains in both private and public construction projects, offering some good news on the economy following a string of weak reports.
U.S. manufacturing rebounds in March – ISM
U.S. manufacturing activity rebounded a bit more than expected in March, according to an industry report released on Monday, as production, new orders and hiring all picked up.
U.S. business inventories rise more than expected in January
U.S. business inventories increased more than expected in January as sales rose moderately, and businesses were taking the longest time in nearly 1-1/2 years to clear shelves, a sign of slowing demand.
Aramco’s $10 billion-plus bond plan shows profits put top earner Apple in shade
Saudi Aramco, the world’s biggest oil producer, made core earnings of $224 billion last year, almost three times as much as Apple, figures from the state-owned company showed on Monday ahead of its debut international bond issue.
WTI hits 2019 high as oil extends first-quarter gains on tight supply
U.S. crude oil hit a 2019 high on Monday and Brent gained a dollar after tight supply and positive signs for the global economy drove both benchmarks’ largest first-quarter gains in nearly a decade.
