Weak China trade hits stocks, prompts risk-off trade
World stock indexes fell on Monday after a shock contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets.
World stock indexes fell on Monday after a shock contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets.
Technology shares pulled Wall Street lower on Monday, after an unexpected drop in China’s exports in December reignited worries of a slowdown in global economic growth.
Fiat Chrysler Automobiles NV is reviewing its investment plan for Italy after the country approved taxes on the purchase of larger gasoline and diesel cars, Chief Executive Officer Mike Manley said on Monday.
PG&E Corp , owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California’s catastrophic wildfires in 2017 and 2018.
Pernod Ricard will meet activist hedge fund Elliott this month as the family-backed spirits firm faces pressure to improve its margins, sources familiar with the situation said.
Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc for $10 billion, creating the world’s biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal.
Fiat Chrysler (FCA) is reviewing its investment plan for Italy after the country approved taxes on the purchase of larger petrol and diesel cars, CEO Mike Manley said on Monday.
FedEx Corp will pay $35.4 million to settle three lawsuits in which New York state and New York City accused the company of shipping millions of untaxed cigarettes to residents over a decade.
HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it.
Federal Aviation Administration (FAA) approval of aircraft such as Boeing’s MAX 8 and new routes like Southwest Airline Co’s Hawaii launch are on hold due to the U.S. government shutdown, delaying commercial operations.
Nissan believes alliance partner Renault’s board will back its decision to oust Chairman Carlos Ghosn when it sees details of the Japanese carmaker’s investigation into his alleged misconduct, Chief Executive Hiroto Saikawa said in a newspaper interview.
Technology shares pulled Wall Street lower on Monday, after an unexpected drop in China’s exports in December reignited worries of a slowdown in global economic growth.
Wells Fargo & Co agreed to settle a U.S. Securities and Exchange Commission fraud lawsuit related to a $75 million bond offering for 38 Studios Inc, a now-bankrupt video game company founded by former All-Star major league baseball pitcher Curt Schilling.
FedEx Corp will pay $35.3 million to settle lawsuits in which New York state and New York City accused the company of shipping millions of untaxed cigarettes to residents over a decade.
Europe’s Airbus is looking for a “significant double-digit” percentage reduction in costs for a recently acquired Canadian jet programme, as it expands production capacity to cope with anticipated demand for the former Bombardier jet.
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