U.S. regulators will “take immediate action” on the Boeing 737 MAX 8 if they identify any safety issue following Sunday’s fatal crash in Ethiopia of the new model of aircraft, Transportation Secretary Elaine Chao said on Monday.
President Donald Trump in his 2020 budget on Monday called for overhauling social programs that help poor and elderly Americans, while boosting military spending and funding a U.S.-Mexico border wall, in the opening gambits in his next funding fight with the U.S. Congress.
Global equity markets surged on Monday, lifted by talk of more stimulus from China and by a broad rally on Wall Street that overcame a plunge in Boeing shares after one of its newest jets crashed, while U.S. debt yields rose on improved risk appetite.
German Finance Minister Olaf Scholz on Monday confirmed that the country’s two largest publicly listed banks – Deutsche Bank and Commerzbank – were exploring a possible merger.
Malaysia may have to reconsider the purchase of 25 Boeing Co 737 MAX 8 aircraft, the Nikkei reported on Monday, citing the country’s economic affairs minister, after the second fatal crash of the planemaker’s newest jet in less than six months.
European exchange group Euronext on Monday extended its offer for Oslo Bors, while keeping the terms unchanged, as its battle with Nasdaq for control of Norway’s stock market operator escalates.
President Donald Trump’s 2020 budget on Monday proposed a 15 percent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time they are going through the worst crisis in decades due to depressed commodity prices and Trump’s trade tariffs.
President Donald Trump on Monday told Congress to slash funding for foreign aid and the State Department and increase spending for the military and the wall he wants to build on the U.S.-Mexico border in his 2020 budget, the opening move in his next funding fight with Congress.
The White House proposed on Monday eliminating a tax credit worth up to $7,500 on the purchase of new electric vehicles, a move it says would save the U.S. government $2.5 billion over a decade.
U.S. retail sales rose modestly in January after a December drop that was even larger than originally estimated, but the recovery was not seen strong enough to alter the course of a U.S. economy that was losing momentum in early 2019.
Pan-European stock market operator Euronext on Monday extended its offer for Oslo Bors, while keeping the terms unchanged, as its battle with Nasdaq for the control of Norway’s stock market operator escalates.
Oslo Bors’ biggest shareholder, Norwegian bank DNB, said on Monday that it continues to support Nasdaq’s offer for the Oslo exchange operator after rival bidder Euronext extended its offer.
Barrick Gold Corp on Monday pulled its $18 billion offer for Newmont Mining Corp and agreed to form a joint venture in Nevada with its rival, ending a hostile takeover bid that sought to unite the world’s two largest gold producers.
Wells Fargo & Co Chief Executive Tim Sloan will tout the scandal-plagued bank’s progress in repaying wrongly charged customers and highlight changes to its risk management in testimony to U.S. lawmakers on Tuesday, according to prepared remarks.
U.S. chipmaker Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the firm boost its data center and supercomputer business.
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