Business

Oil prices hold steady on hopes trade tensions could ease

Crude oil prices held mostly steady on Tuesday on optimism that U.S.-China trade tensions would ease and on hopes that major economies would enact stimulus measures to counter a possible global economic slowdown that could affect oil demand.

Business

Oil prices slip, but supported by hopes trade tensions could ease

Crude oil prices slipped on Tuesday, but losses were limited as equity markets rallied and as traders hoped Sino-U.S. trade tensions would ease.

Business

Asian shares nudge higher on stimulus hopes, recession fears ease

Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, helping boost riskier assets and drawing money from safe-havens such as bonds and gold.

Business

Japan Inc backs Abe’s tough trade stance vs South Korea amid row: Reuters poll

Japanese companies broadly support Prime Minister Shinzo Abe’s tough trade stance against South Korea, a Reuters poll found.

Business

General Electric fortifies defense against charges of bogus accounting

General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud.

Business

Top U.S. CEOs say companies should put social responsibility above profit

Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday.

Business

U.S. tech industry leaders: French digital service tax harms global tax reform

Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it.

Business

Wall Street rallies on hopes of global economic stimulus

U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.

Business

Wall Street gains on optimism over global economy

U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.

Business

Judge dismisses turnaround guru’s racketeering case vs McKinsey

A federal judge dismissed claims on Monday by turnaround pioneer Jay Alix that McKinsey & Co violated racketeering laws when the consulting firm expanded into advising bankrupt U.S. companies.

Business

Who is next in big pharma’s merger spree?

Consolidation in the U.S. healthcare industry, which has already witnessed a string of multi-billion dollar deals, is expected to remain a major theme for the rest of 2019.

Business

Wall Street rallies as investors cheer global stimulus efforts

U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.

Business

Oil rises 2% after attack on Saudi field, stimulus expectations

Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a global slowdown.

Business

Factbox: Disney to take on Netflix as streaming war heats up

The crowded market for video streaming, currently dominated by Netflix Inc, is expected to heat up further as Walt Disney Co rolls out its Disney+ service on Nov. 12 in the United States, Canada and the Netherlands.

Business

Plant-based meat alternatives crowd U.S. grocery stores

Plant-based meat alternatives have seen booming interest from consumers, prompting a growing number of companies to enter the space in hopes of carving out a spot for their products in the competitive supermarket aisle.

Business

Fed’s Rosengren says cutting rates could worsen next downturn: Bloomberg

Boston Federal Reserve Bank President Eric Rosengren on Monday signaled no willingness to support further interest rate cuts, saying that U.S. economic conditions are still good and that easing policy could encourage a worrying debt build-up.

Business

Saudi Aramco asks banks to pitch for roles in IPO: sources

Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO.

Business

Saudi Aramco asks banks to pitch for roles in planned IPO: sources

Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said.

Business

Oil up 1% after attack on Saudi field, but OPEC report caps gains

Oil prices were up more than 1% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces and as traders looked for signs that top economies would take measures to counteract a global slowdown.

Business

Wall St. rallies on stimulus cheer, trade optimism

U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.

Business

General Electric adds to defense against charges of bogus accounting

General Electric Co intensified its defense of accounting practices on Monday after investors questioned it about an unusual research report alleging GE failed to put aside money to cover $29 billion in potential insurance losses and improperly counted profit from subsidiary Baker Hughes.

Business

Top CEOs say companies should put social responsibility above profit

Companies should focus on social responsibilities as well as profits, the Business Roundtable, a group of corporate chief executives that includes the head of the largest U.S. bank and the CEO of the world’s largest airline, said on Monday.

Business

General Electric renews defense against charges of bogus accounting

General Electric Co further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put aside money to cover $29 billion in potential insurance losses and had improperly counted profit from subsidiary Baker Hughes as its own.

Business

Wall Street rallies on stimulus cheer, trade optimism

U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.

Business

Wall St. rallies on stimulus cheer, Apple leads tech gains

U.S. stocks surged on Monday on growing hopes that major economies would act to stymie the slowing economic effects of escalating global trade tensions, while technology stocks rose led by a nearly 3% gain in Apple’s shares.