U.S. plans $113 million ‘down payment on a new era’ in Indo-Pacific: Pompeo
The United States will invest $113 million in technology, energy and infrastructure initiatives in the Indo-Pacific as part of a new strategy to deepen ties with the region, U.S. Secretary of State Mike Pompeo said on Monday ahead of a trip to Singapor…
German prosecutors investigate VW ex-CEO’s financial transfers
German prosecutors said on Monday they are investigating whether former Volkswagen Chief Executive Martin Winterkorn moved some of his assets out of Germany following an inquiry into his role in the manipulation of anti-pollution tests.
Wall Street opens flat as tech losses offset energy, Caterpillar gains
U.S. stocks opened little changed on Monday as weakness in tech stocks offset gains in energy companies which rose on the back of higher oil prices and as industrials got a lift from Caterpillar’s upbeat quarterly earnings.
Nokia reiterates outlook after announcing $3.5 billion deal with T-Mobile
Nokia reiterated its outlook on Monday after it announced a $3.5 billion 5G network agreement with T-Mobile .
Nokia, T-Mobile US agree $3.5 billion deal, world’s first big 5G award
T-Mobile US named Nokia to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new wireless upgrade cycle taking root.
Global stocks steady before central bank tests
World stocks and the dollar were broadly steady on Monday as a busy week of central bank meetings and company updates began, while Japanese government bonds sold off before possible monetary policy tweaks.
Caterpillar raises 2018 profit outlook, beats quarterly estimates
Caterpillar Inc on Monday raised its full-year profit outlook after earnings in the second quarter nearly doubled, beating market expectations, helped by global demand for its equipment.
Review of Toshiba’s delayed British nuclear plant raises new doubts
Delays to the planned sale of Toshiba’s NuGen nuclear project in Britain have prompted a review of the roles of 60 direct employees, who are mainly based in Manchester, raising further doubts over its future.
Harley plans new launches, cost cuts in turnaround push
Harley-Davidson Inc said on Monday it would cut costs, launch new models including smaller light-weight motorcycles and revamp its dealer network in a plan to revive flagging sales in the face of rising global tariffs.
Dow futures gain on Caterpillar earnings
Dow futures got a slight boost on Monday after an encouraging report from Caterpillar, a bellwether for global economic activity, while S&P and Nasdaq futures remained under pressure from technology stocks.
