Commodities hit as dollar rises
LONDON (Reuters) – Commodity markets were hit and stocks and bonds were in the firing line on Monday, as expectations for a first increase in U.S. interest rates in almost a decade next month pushed the dollar to a seven-month high.
Oil tumbles as strong dollar, oversupply weigh on investors
LONDON (Reuters) – Oil prices fell on Monday, dented by the rise in the U.S. dollar to seven-month highs, and analysts see more losses triggered by the mismatch between global supply and demand.
Avago secures unconditional EU approval for $37 billion Broadcom buy
BRUSSELS (Reuters) – European antitrust regulators cleared on Monday Avago Technologies Ltd’s planned $37 billion takeover of rival chipmaker Broadcom Corp without conditions.
FMC seeks growth outside main U.S. market
FRANKFURT (Reuters) – Fresenius Medical Care , the world’s largest dialysis provider, is looking for opportunities to grow in Europe and Asia as it feels the limits to growth in its largest market, the United States, its chief executive told Reuters in…
U.S. says China to take tougher stance against trade secret theft
GUANGZHOU, China (Reuters) – The United States Commerce Secretary said on Monday China would offer better legal protection to U.S. firms that suffer theft of trade secrets after annual trade talks that yielded scant progress on other topics like a prop…
Wal-Mart pulls Cyber Monday forward to Sunday, record industry sales expected
(Reuters) – Wal-Mart Stores Inc has decided that Cyber Monday, the biggest online shopping day of the year, should not start on a Monday anymore.
Inadequate dirty money regulation ‘leaves UK open to terror funds’: report
LONDON (Reuters) – Britain’s “woefully inadequate” anti-money laundering system has left the country wide open to corrupt money and terrorism funds and needs radical overhaul, a leading anti-corruption group said on Monday.
Pfizer set to buy Allergan for more than $150 billion
(Reuters) – Pfizer Inc was due to secure formal board approval on Sunday for its acquisition of Botox maker Allergan Plc for more than $150 billion, creating the world’s biggest drug maker, according to people familiar with the matter.
Average U.S. gasoline prices resume slide, hit 10-month low: Lundberg
NEW YORK (Reuters) – The average price of gasoline in the United States resumed its slide over the past two weeks, dropping 11 cents to $2.14 a gallon, the lowest since late January, according to a Lundberg survey released on Sunday.
Procter & Gamble: Time for a split – Barron’s
NEW YORK (Reuters) – Executives of consumer-products giant Procter & Gamble Co , the maker of Tide detergent and other household goods, should consider breaking up the company to improve its beleaguered performance, Barron’s financial newspaper said.
