Iran says oil to rise as Saudi, Russia do ‘little and late’
Saudi Arabia and Russia won’t add significantly more oil to the market because of a lack of capacity, a top Iranian official said on Monday, predicting prices will probably rise further.
SiriusXM to buy Pandora in $3.5 billion streaming push
Satellite radio firm Sirius XM Holdings Inc will buy music streamer Pandora Media Inc in a $3.5 billion all-stock deal, as it seeks to build scale to battle heavyweight streaming rivals Spotify and Apple Music.
European markets dip as trade war pessimism weighs again
European stock markets traded in negative territory on Monday as fears of an escalating trade row between the United States and China spread from Asian markets, while oil rallied after OPEC ignored U.S. calls to raise global supply.
Volvo halts Iran truck assembly due to U.S. sanctions
Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because U.S. sanctions are preventing it from being paid, a spokesman for the company said on Monday.
A close-up of Wall Street’s new S&P 500 communication services sector
The new S&P 500 communication services sector, which includes such high-profile names as Facebook , Alphabet and Netflix , is set to debut on Monday, as part of the largest-ever overhaul of Wall Street’s broad business sectors.
Michael Kors to take control of Italy’s Versace: sources
U.S. fashion group Michael Kors Holdings Ltd has agreed to take control of Italy’s Versace, three sources familiar with the matter said on Monday, adding that an official announcement would be made this week.
Sky’s shares jump after Comcast wins auction with knockout blow
Shares in Sky jumped 9 percent on Monday to within touching distance of the 17.28 pounds a share Comcast bid to beat Twenty-First Century Fox in the battle for Europe’s biggest pay-TV group.
Danske Bank board close to appointing new CEO: Finans
Danske Bank’s board is close to appointing a new chief executive to replace Thomas Borgen who resigned last week amid a money laundering scandal, Danish online media Finans reported on Monday, citing unnamed sources.
Canada’s Barrick Gold to buy Randgold Resources in $18.3 billion deal
Canada’s Barrick Gold has agreed to buy Randgold Resources Ltd in a $18.3 billion share deal to create the world’s largest gold company in an industry under investor pressure to put capital to good use.
European markets dip as trade war, Brexit pessimism weigh
European stock markets traded in negative territory on Monday as fears of an escalating trade row between the United States and China spread from Asian markets, while oil rallied as U.S. sanctions restricted Iranian crude exports.
