Tech boost pushes Wall Street to session highs
Wall Street gained on Monday to hit session highs boosted by technology shares ahead of Alphabet’s earnings, the last FAANG stock to post quarterly results.
Huawei CFO may fight extradition by claiming U.S. political motive: report
Huawei executive Meng Wanzhou, who was arrested in Canada and faces possible extradition to the United States, is exploring a defense that claims U.S. charges against her are politically motivated, the Globe and Mail newspaper reported on Monday.
Slack makes confidential filing to go public
Slack Technologies Inc said on Monday it had confidentially applied with the U.S. Securities and Exchange Commission to list shares publicly, moving business messaging service a step closer to going public in what is expected to be a high-profile year …
U.S. dollar, yields rise; oil backs off two-month highs
The U.S. dollar gained for a third straight session against a basket of currencies and U.S. Treasury yields rose on Monday as investors sought to zero in on the path of interest rates, while oil prices pulled back from roughly two-month highs.
Nissan will have to reapply for UK government funding after X-Trail decision: Business minister
British Business Minister Greg Clark said on Monday Nissan will need to reapply for government funding made available to the car industry, after it scrapped plans to build its new X-Trail SUV in Britain.
Bill Gross, once Wall Street’s ‘Bond King,’ retires after rocky second act
Bill Gross, once the bond market’s most influential investor, will retire from Janus Henderson Group Plc in coming weeks, ending attempts to reclaim the stature he enjoyed leading the world’s largest fixed-income investing firm.
Slack makes confidential filing for IPO
Business messaging service Slack Technologies Inc said on Monday it had confidentially applied for an initial public offering with the U.S. Securities and Exchange Commission.
Germany facing big budget hole as economy slows: document
Germany is facing a budget shortfall of around 25 billion euros ($29 billion) by 2023 as an economic slowdown means tax revenues will come in below previous estimates, a Finance Ministry document obtained by Reuters showed.
U.S.-China tariff hike would trigger downturn, trade diversion: U.N
A U.S. plan to hike tariffs on China next month could trigger an economic downturn and let other countries take over about $200 billion of China’s exports, a study by the U.N. trade and development agency UNCTAD said on Monday.
DSV’s $4 billion Panalpina offer given shareholder cold shoulder
Danish logistics company DSV’s $4 billion-plus bid for Panalpina hit a roadblock on Monday when the Swiss freight forwarder’s top shareholder rejected the offer, saying Panalpina should stick to its own “consolidator strategy”.
