Vale post-disaster stock plunge erases $14 billion in market cap
Brazilian miner Vale SA’s shares plunged on Monday, wiping out nearly 52 billion reais ($13.84 billion) in market value, after a tailing dam collapse on Friday killed at least 60 people.
Volvo’s self-driving car venture gets nod to test on Swedish roads
A Volvo Cars joint venture has won approval to begin hands-free testing of its software for self-driving cars on Swedish highways, partner Veoneer said on Monday.
Russia to check P&G’s compliance with local data laws
Russia’s communications watchdog is carrying out checks to establish whether U.S. consumer goods group Procter & Gamble and Burger King are complying with local data laws, a spokesman for the watchdog said on Monday.
Jet Airways seeks shareholder approval for debt to equity swap
Jet Airways Ltd said on Monday it would seek shareholder approval next month to convert existing debt into equity, part of efforts by the cash-strapped Indian airline to resolve its financing problems.
Facebook tightens paid ads rules ahead of EU elections
Facebook said on Monday it will strengthen its rules and safeguards around political adverts to prevent foreign interference in elections, including those in Europe this year.
Caterpillar forecasts 2019 profit below estimates
Caterpillar Inc forecast full-year profit below analysts’ estimates on Monday, indicating a slide in global demand stemming from China would worsen after it reported revenue in line with expectations for the last three months of 2018.
EU to challenge U.S. duties on Spanish olives
The European Union will begin legal action at the World Trade Organization this week against U.S. duties imposed on Spanish olives, EU trade chief Cecilia Malmstrom said on Monday.
Chipmaker Xilinx’s 5G orders kick off race to cash in on new networks
Amid a bleak earnings season for semiconductor companies as China’s economy slows, Xilinx Inc provided a bright spot for the sector: Revenue growth driven by the early phases of 5G wireless data networks, earlier and sharper than analysts had expected…
Stocks edge down on China worries as trade talks, Fed decision loom
World shares slipped into the red on Monday, with equities markets from Europe to Asia buffeted by nerves over China’s economy and investors staying cautious ahead of a week packed with major events.
Madrid taxis block major road in biggest anti-Uber protest yet
Hundreds of taxis blocked a central traffic artery in Madrid during Monday’s morning rush hour, in their biggest show of strength yet as a protest seeking tighter regulation of Uber and other ride-hailing services entered its second week.
