Oil near flat as market weighs U.S.-China trade tensions, Iran sanctions
Oil prices were little changed on Monday as the market weighed deepening trade tension between the U.S. and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions.
Most U.S. states lack reserves to weather next recession: S&P
While U.S. states’ financial health has strengthened in 2018 compared with last year, fewer than half have enough financial reserves to weather the first year of a moderate recession, according to an S&P Global Ratings report on Monday.
U.S. to spare some Apple products from latest China tariffs: Bloomberg
The United States will spare some technology products including Apple Inc’s Watch and AirPods from the next round of tariffs it is imposing on Chinese goods, Bloomberg reported on Monday, citing two people familiar with the matter.
Trump adviser eyes entitlement cuts to plug U.S. budget gaps
A top economic adviser to President Donald Trump said on Monday he expects U.S. budget deficits of about 4 percent to 5 percent of the country’s economic output for the next one to two years, adding that there would likely be an effort in 2019 to cut s…
Goldman names Tim O’Neill as vice-chairman: memo
Goldman Sachs Group Inc named Tim O’Neill as its vice-chairman, according to an internal memo seen by Reuters, the latest top-level appointment ahead of David Solomon taking charge as chief executive officer of the Wall Street bank.
Hearings in Volkswagen investor lawsuit on hold until end-November
Investors suing Volkswagen for billions in compensation from the hit to the carmaker’s share price from its diesel emissions scandal will have to wait until end-November for court hearings to continue, a German judge ruled on Monday.
Qualcomm, Apple kick off second trial seeking iPhone import ban
A second trial between Apple Inc and Qualcomm Inc before the U.S. International Trade Commission began Monday in Washington, D.C., with the iPhone maker squaring off against the world’s biggest mobile chipmaker over whether Apple should be banned fro…
Trump economic adviser says U.S. wants serious trade talks with China
The United States is ready to negotiate a trade deal with China whenever Beijing is prepared for serious talks that will reduce tariffs and eliminate non-tariff trade barriers, top White House economic adviser Larry Kudlow said on Monday.
Oil dips as Sino-U.S. trade tensions deepen, new tariffs due
Oil prices edged lower on Monday as investors focused on deepening trade tension between the U.S. and China that is expected to dent global crude demand, but losses were limited as the market weighed potential supply tightening due to Iran sanctions.
Novartis links bonuses to ethics in bid to rebuild reputation
Swiss drugmaker Novartis has revealed its employees only get a bonus if they meet or exceed expectations for ethical behavior as it seeks to address past shortcomings that have damaged its reputation.
