A key Fed official stays the course on U.S. rate hikes amid growing doubts
The Federal Reserve is pushing ahead with gradual rate-hike plans next month as it marches toward a more normal policy stance that would keep the economy expanding, one of its most influential members said on Monday in the face of growing doubts in fin…
SocGen says $1.3 billion U.S. penalties will not affect 2018 results
French bank Societe Generale said on Monday it agreed to pay $1.3 billion in penalties to the U.S. authorities to settle a dispute over violations of U.S. economic sanctions, adding the fines were entirely covered by provisions.
Barclays not liable to buyers of U.S. IPO before 2008 crisis: appeals court
Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on Monday.
Musk hints at Tesla interest in Daimler van
Tesla Inc could be interested in partnering with Daimler AG’s Mercedes-Benz on an electric version of its Sprinter van, Chief Executive Officer Elon Musk said in a tweet https://twitter.com/elonmusk/status/1064541185820114944 on Monday.
American Airlines pilots ask carrier to start negotiations for a new contract
American Airlines pilots union on Monday urged the carrier to begin negotiations for a new labor contract in January to boost salaries that were last revised in 2017.
Petrobras should focus on oil exploration and production: incoming CEO
The incoming chief executive of Brazilian state-controlled oil company Petroleo Brasileiro SA said in a newspaper interview on Monday that BR Distribuidora , its fuel distribution unit, is not a natural fit for the company and does not generate return…
Global stocks weighed by Apple demand woes, trade tensions
World stocks fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment.
Bitcoin breaches $5,000, plumbs fresh 13-month low
Bitcoin fell below $5,000 on Monday for the first time in over a year, slumping to a fresh 13-month low on the Bitstamp platform as a broad sell-off in cryptocurrencies sparked last week gathered momentum.
Disney’s Fox deal gets China’s approval
Walt Disney Co on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox’s entertainment assets, clearing one of the last major hurdles for the deal to go through.
Oil slips on global supply fears even as OPEC mulls cut
Oil futures fell about 1 percent on Monday amid global oversupply worries, but losses were muted as investors eyed potential sanctions on Iran from the European Union, a possible production cut from OPEC and slightly bullish storage drawdown in U.S. cr…
