Moscow Exchange launches dollar vs. yuan, yen vs. rouble trading
The Moscow Exchange has launched five new currency trading options to boost liquidity on its currency market, the bourse said on Monday.
U.S. credit demand declines, rejection rates rise: NY Fed survey
Americans’ demand for credit declined over the previous year as expected, as mortgage interest rates rose, while the percentage of approved applications also ticked lower compared to a year ago, a survey from the New York Federal Reserve showed on Mond…
Canada’s construction steel buyers face tariff ‘roulette’
Canadian steel buyers are racing to get construction steel into the country to claim first-come, first-serve exemptions from tariffs that were meant to stabilize the country’s market in the wake of U.S. President Donald Trump’s metals tariffs.
BMW says faces currency, tariff and raw material headwinds in 2019
BMW expects headwinds from rising currency and commodities prices to reach a mid to high triple-digit million euro amount in 2019, Chief Financial Officer Nicolas Peter said in a statement on Monday.
Glencore appoints new industrial mining chief, copper marketing head to retire
Glencore has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper marketing Telis Mistakidis retires at the end of the year.
Trade truce with China means big changes in Beijing policy: Trump
President Donald Trump and top U.S. officials said on Monday that a trade truce with China will lead to structural changes in Beijing’s economic policies, including lower tariffs, lower non-tariff barriers and more market access for U.S. companies.
UAE says Qatar’s decision to leave OPEC admission of decline of Doha’s role
The United Arab Emirates said on Monday Doha’s decision to leave OPEC was a reflection of the decline of its influence.
GSK buys U.S. cancer drugmaker Tesaro for hefty $5.1 billion
GlaxoSmithKline has agreed to buy U.S. cancer specialist Tesaro for $5.1 billion, marking a major biotech investment by Chief Executive Emma Walmsley as she seeks to rebuild the group’s pharmaceuticals business.
Wall Street jumps at open on trade truce optimism
U.S. stocks leapt at open on Monday, driven by strong gains in trade-sensitive industrial and technology stocks after the United States and China agreed upon a temporary trade detente.
Uber hires former U.S. safety official for self-driving effort
Uber Technologies Inc on Monday confirmed it hired a senior U.S. auto safety official involved in the federal government’s handling of self-driving cars for its autonomous vehicle efforts.
