Wall Street set to open higher as inflation worries ease
(Reuters) – U.S. stock index futures pointed to a higher opening for Wall Street on Monday, building on gains from last week’s strong February jobs data that allayed fears of rising inflation and faster interest rate hikes.
EU says expects contacts, no formal talks with U.S. on tariffs this week
BRUSSELS (Reuters) – The European Commission said it expected to be in contact with the United States over steel and aluminum tariffs this week, but added that no formal talks were scheduled.
India aviation regulator orders grounding of 11 jets fitted with Pratt & Whitney engines
NEW DELHI (Reuters) – India’s aviation regulator on Monday ordered immediate grounding of certain Airbus A320neo aircraft operated by IndiGo Airlines and GoAir fitted with Pratt & Whitney engines made by United Technologies Corp .
Singapore-based Broadcom to redomicile to U.S. by April 3
(Reuters) – Singapore-based Broadcom Ltd said on Monday it expects to redomicile to the United States by April 3, two days before the chipmaker’s acquisition target Qualcomm Inc holds its annual shareholder meeting.
DowDuPont says Andrew Liveris to step down, names CEO for new Dow
(Reuters) – U.S. chemicals producer DowDuPont Inc said on Monday its Executive Chairman Andrew Liveris will step down on April 1 and named Jim Fitterling as the chief executive of Dow upon the completion of the spinoff of its materials science unit.
World stocks bask in U.S. jobs data glow
LONDON (Reuters) – World stocks surged to a two-week high on Monday after strong U.S. jobs data at the end of last week helped take the edge off investors’ concerns about the potential outbreak of trade war between the United States and other major eco…
S&P accused of weakening ratings model to win business in landmark Australian lawsuit
SYDNEY (Reuters) – Ratings agency Standard and Poor’s weakened its risk assessment criteria to win business and turn out high ratings on opaque debt products that started to unwind during the global financial crisis, an Australian court heard on Monday…
UBS sees ‘business as normal’ as it contests Hong Kong suspension
HONG KONG (Reuters) – UBS has told staff that it is “business as normal”, after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs).
South Korea kicks off due diligence on GM’s South Korean unit: KDB
SEOUL (Reuters) – South Korea held an initial meeting on Monday for its due-diligence of General Motors’ local unit to decide whether to provide funds for the unit’s troubled operations.
Toolbox trade wars: How a sure winner in U.S. dispute has yet to reap benefits
FRANKLIN PARK, Ill. (Reuters) – Nestled in an industrial park near the end of the runway of O’Hare International Airport, Metal Box International Inc. should be one of the winners of a little-known trade war over toolboxes.
