Page 1722 - Business Finance
Chicago Fed National Activity Index indicates slight growth in US economy
The Chicago Fed National Activity Index (CFNAI) rose to +0.24 in October from +0.14 in September, pointing to a slight increase in US economic growth thanks to employment strength.
U.S. SEC chairman says Tesla case is 'settled' despite CEO's tweet
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission chairman said on Monday that the agency would not revisit its securities fraud settlement with Tesla Inc despite Chief Executive Elon Musk's tweet mocking the regulator.
Asia mood to be tested by Trump warning on China
SYDNEY (Reuters) - A tentative rebound in global share markets will be tested in Asia on Tuesday after U.S. President Donald Trump quashed hopes he might strike a truce on trade with China, dampening risk appetite across the region.
GM to slash jobs and production, drawing Trump's ire
DETROIT (Reuters) - General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
Further loss of trade growth impetus signaled in World Trade Outlook Indicator
Trade growth is likely to slow further into the fourth quarter of 2018, according to the World Trade Organisation's latest World Trade Outlook Indicator (WTOI) released Monday.
New oil pipeline launched between Bahrain, Saudi Arabia
A new oil pipeline was launched on Monday during a ceremony that was attended by leaders from Bahrain and Saudi Arabia.
Oil breaks above $60/bbl, but doubts about growth curb gains
NEW YORK (Reuters) - Oil prices rose nearly 3 percent on Monday, clawing back some of last week's steep losses, but gains were capped by uncertainty over global economic growth and further signs of increasing supply, including record Saudi production.
Wall Street rallies as Cyber Monday shoppers log on
NEW YORK (Reuters) - Wall Street bounced back on Monday as bargain hunters returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.
World stock markets rise on politics and holiday retail hopes
NEW YORK (Reuters) - Wall Street bounced back on Monday, lifted by expectations that retailers raked in online sales during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fuelled tensions with the European Union.
Wall Street rebounds, retailers rise as holiday sales pick up
NEW YORK (Reuters) - Wall Street bounced back on Monday as bargain hunters returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.
Airbus delivers first A330neo in Boeing 787 dogfight
TOULOUSE, France (Reuters) - Europe's Airbus delivered its first A330neo jet to TAP Portugal on Monday as it seeks to trump U.S. rival Boeing in the fiercely competitive battle at the lower end of the market for long-haul jets.
World stocks rise on politics and holiday retail hopes
NEW YORK (Reuters) - U.S. stocks rose on Monday, fuelled by gains in retailer shares during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fuelled tensions with the European Union.
GM to slash jobs and production as U.S. sedan sales sink
DETROIT (Reuters) - General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
Wall Street bounces back as holiday shoppers log on
NEW YORK (Reuters) - Wall Street rebounded on Monday as buyers returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of online retailers.
GM to close plants, cut staff by 15%
General Motors on Monday announced the closure of seven of its factories around the world as part of a restructuring plan.
U.S. Fed's Quarles appointed next chair of Financial Stability Board
Randal Quarles, a governor of the U.S. Federal Reserve, was on Monday appointed as the next chair of the Financial Stability Board (FSB) for a three-year term beginning next month.
StanChart planning to simplify structure to curb costs - Bloomberg
(Reuters) - Standard Chartered Plc is considering simplifying its structure as it looks to curb costs across its networks from Zambia to Macau, Bloomberg reported https://bloom.bg/2P3jiBW on Monday, citing sources.
Wall Street rebounds on holiday season hopes
(Reuters) - U.S. stocks rebounded on Monday after two bruising weeks, as investors picked up beaten-down energy and financial stocks, while retailers gained on hopes of robust sales on the largest online shopping day of the year.
Bitcoin sinks as cryptocurrency sell-off gathers pace
NEW YORK (Reuters) - Bitcoin plunged more than 12 percent on Monday, extending falls in recent weeks in a broad-based selloff in digital currencies as sentiment sours.
Gold firms on doubts over Fed rate path; focus on G20
BENGALURU (Reuters) - Gold firmed on Monday, supported by uncertainty over the future pace of U.S. interest rate hikes and the outcome of the G20 summit later this week when global leaders will focus on trade tensions.