Wall Street set to open lower on election uncertainty, rate fears
U.S. stocks were on course to open slightly lower on Monday, with little impetus moving markets ahead of crucial U.S. midterm elections and a Federal Reserve meeting this week.
Citigroup board names new chairman, keeps post separate from CEO
The board of Citigroup Inc on Monday named one its independent members to be its new chairman, keeping the post separate from current Chief Executive Officer Mike Corbat.
U.S. grants temporary Iran oil waivers to eight countries including China: Pompeo
The United States has granted exemptions to eight countries allowing them to temporarily continue buying Iranian oil, Secretary of State Mike Pompeo said on Monday, as Washington reimposed sanctions on Iran’s banking, energy and shipping industries.
U.S. targets Iran with fresh round of oil, economic sanctions
The United States re-imposed and strengthened economic sanctions on Iran’s oil, banking and transportation sectors on Monday after the Trump administration withdrew from the 2015 Iran nuclear deal, and vowed further action to pressure Tehran.
Netanyahu says Trump made courageous decision on U.S. sanctions on Iran
Israeli Prime Minister Benjamin Netanyahu hailed on Monday what he called U.S. President Donald Trump’s courageous decision in reimposing U.S. sanctions on Iran.
Citigroup appoints Philip Drury head of EMEA investment banking: memo
Citigroup Inc named Philip Drury to run its London-based banking, capital markets and advisory business across Europe, the Middle East and Africa, according to a memo seen by Reuters.
As U.S. starts oil sanctions against Iran, major buyers get waivers
The United States reintroduced sanctions against Iranian oil on Monday while giving some of Washington’s closest allies exemptions that allow Tehran’s biggest customers, mostly in Asia, to keep buying crude for now.
Goldman downgrade overshadows Italian bank Intesa’s strong stress test
Italian banking shares fell on Monday, with a Goldman Sachs downgrade on Italy’s top retail bank Intesa SanPaolo outweighing its strong performance in European regulatory tests.
Oil steady as U.S. sanctions on Iran begin, Tehran defiant
Oil prices steadied on Monday as U.S. sanctions against Iran’s fuel exports began but were softened by waivers allowing major buyers to import Iranian crude for a while, as Tehran said it would defy Washington and continue to sell.
Lowe’s to shut 51 underperforming stores in U.S., Canada
Lowe’s Companies Inc is closing 20 underperforming stores in the United States and 31 in Canada as part of a restructuring, the home improvement retailer said on Monday.
