Wall Street starts week upbeat, boosted by tech shares
NEW YORK (Reuters) – U.S. stocks edged higher on Monday, led by gains in technology stocks as investors were optimistic ahead of earnings.
Siemens to press charges after turbines moved from Russia to Crimea
BERLIN/FRANKFURT (Reuters) – Germany’s Siemens said on Monday at least two of its gas turbines had been moved “against its will” from Russia to Crimea, a region subject to sanctions barring EU firms providing it with energy technology.
UBS CEO says London jobs could go to Frankfurt, Madrid or Amsterdam: CNBC
ZURICH (Reuters) – Swiss bank UBS is weighing up whether to move banking jobs in London to Frankfurt, Madrid or Amsterdam to cope with Britain’s planned departure from the European Union, Chief Executive Sergio Ermotti said in an interview with CNBC.
Aramco CEO sees oil supply shortage as investments and discoveries drop
ISTANBUL (Reuters) – The world might be heading for an oil supply shortage following a steep drop in investments and a lack of fresh conventional discoveries, Saudi Aramco’s chief executive said on Monday.
Shire, Roche slug it out in billion-dollar haemophilia drug battle
ZURICH (Reuters) – Swiss drugmaker Roche’s bid to take a chunk of the $11 billion haemophilia drug market dominated by Shire took another blow with the Irish company winning a preliminary injunction over its Swiss rival’s medication.
Jawbone’s demise a case of ‘death by overfunding’ in Silicon Valley
SAN FRANCISCO (Reuters) – Consumer electronics company Jawbone had more than enough money to take on Fitbit and other health-tracking devices in the “wearables” market.
COSCO Shipping shares climb after bid to become third-biggest container line
SHANGHAI/HONG KONG (Reuters) – COSCO Shipping Holdings Co Ltd saw its stock climb on Monday after bidding $6.3 billion for a Hong Kong peer, a deal that would see it become the world’s third-biggest container shipper and underline China’s supply-chain …
China’s Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal
HONG KONG (Reuters) – Chinese property giant Dalian Wanda Group plans to sell tourism projects and hotels in the country to Sunac China for $9.3 billion, as it dials back its theme-park ambitions and brings down its debt pile.
Oil edges up but market still under pressure
SINGAPORE (Reuters) – Oil prices recovered some losses on Monday after a 3 percent fall in the previous session, but markets remain under pressure from high drilling activity in the United States and ample supplies from producer club OPEC.
Dollar, equity markets rise; Amazon boosts U.S. stocks
NEW YORK (Reuters) – The U.S. dollar climbed to a two-month high against the yen on Monday and global equity markets rallied, lifted by robust economic data from Germany and renewed interest in U.S. technology stocks spurred by an Amazon online sale ev…
