World stocks rally worldwide, Treasury yields rise
Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite.
Trump 2020 budget slashes foreign aid, hikes defense spending: official
U.S. President Donald Trump on Monday asked Congress in his fiscal 2020 budget to slash spending for foreign aid while increasing spending on the military and for the wall he wants to build on the U.S.-Mexico border, a senior administration official to…
Wells Fargo CEO to tout risk management, remediation to U.S. Congress
Wells Fargo & Co Chief Executive Tim Sloan will tout the scandal-plagued bank’s progress in repaying wrongly charged customers and highlight changes to its risk management in testimony to U.S. lawmakers on Tuesday, according to prepared remarks.
India’s Jet Airways denies report of new $293 mln loan from PNB
India’s debt-laden Jet Airways Ltd denied a media report on Monday that it had secured a 20.50 billion rupee ($293 million) loan from state-owned Punjab National Bank (PNB) to help pay overdue plane leasing fees and salaries.
Exclusive: Citgo, Valero try to return Venezuelan oil following sanctions: document
The top U.S. buyers of Venezuelan oil are in the unusual position of trying to return millions of barrels of crude they need but cannot accept because of U.S. sanctions on the South American nation and its state-run energy firm PDVSA.
Oil gains 1 percent as Saudi minister stands by OPEC output cuts
Oil prices rose 1 percent on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June.
Wall Street lifted by tech shares, heavyweight Boeing pares losses
U.S. stocks rose after five straight sessions of declines on Monday boosted by technology stocks, however a fall in the shares of the world’s largest planemaker after a second deadly crash in just five months capped gains on the blue-chip Dow.
IEA sees U.S. leading global oil supply growth to 2024
The United States will drive global oil supply growth over the next five years, adding another 4 million barrels per day to the country’s already booming output, the International Energy Agency said on Monday.
U.S. inflation forecasts decline, supporting rate-hike holiday
U.S. consumers expect prices to rise more slowly, according to the Federal Reserve Bank of New York, a decline in inflation expectations in February that likely reinforces policymakers’ reluctance to hike rates.
After Ethiopia crash horror, some nations ground Boeing 737 MAX 8s
Investigators in Ethiopia found two black box recorders on Monday that will help piece together the final moments of an Ethiopian Airlines plane before it plunged, trailing smoke and debris, and crashed killing 157 people.
