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Updated: 2 hours 9 min ago

Google's fight against EU antitrust fine to be heard February 12-14 at EU court

Mon, 10/14/2019 - 17:50
Alphabet unit Google's fight against a 2.4-billion-euro ($2.64 billion) EU antitrust fine will be played out over three days in February 2020 at Europe's second-highest court, according to parties involved in the case.
Categories: Financial Media

Wall Street flat as trade deal optimism wanes, earnings in focus

Mon, 10/14/2019 - 17:12
U.S. stocks stalled on Monday after three straight sessions of gains as a bare-bones trade deal with China announced on Friday dampened sentiment and triggered a 2% drop in oil prices, ahead of the start of third-quarter earnings season.
Categories: Financial Media

Facebook's Libra faces support test after payment giants jump ship

Mon, 10/14/2019 - 16:57
Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit.
Categories: Financial Media

Factbox: Facebook's Libra in trouble as firms jump ship

Mon, 10/14/2019 - 16:56
A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans.
Categories: Financial Media

Stocks meander on caution over trade talks, dollar gains

Mon, 10/14/2019 - 16:51
The U.S. dollar gained on Monday as initial optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, but a gauge of global equity markets was little changed as investors sought details.
Categories: Financial Media

Brazil airline Azul eyes partnership with United, Avianca, Copa

Mon, 10/14/2019 - 16:10
Brazil airline Azul SA said on Monday that it is in discussions to join a planned partnership with United Airlines , Avianca Holdings and Copa Holdings for flights between the United States and Latin America.
Categories: Financial Media

Buyout firm Thoma Bravo adds Sophos to its cybersecurity chest with $3.8 billion deal

Mon, 10/14/2019 - 14:52
U.S. private equity firm Thoma Bravo is adding Sophos Group to its cybersecurity stable, announcing on Monday a buyout deal that values the British maker of antivirus and encryption products at about $3.8 billion.
Categories: Financial Media

Wall Street heads lower as trade deal optimism fades

Mon, 10/14/2019 - 14:27
Wall Street was set to fall for the first time in four sessions on Monday on signs there was more hard work to be done before a partial trade deal with China announced by President Donald Trump on Friday could be sealed.
Categories: Financial Media

Are U.S.-Chinese tariffs on almost everything the 'new normal'?

Mon, 10/14/2019 - 14:10
U.S. President Donald Trump called his Phase 1 trade deal with China "by far, the greatest and biggest deal ever made," even though nothing was agreed on paper, and most of the tariffs set upon Chinese goods remain in place.
Categories: Financial Media

China will use counter-cyclical adjustments to manage economy: Premier Li

Mon, 10/14/2019 - 12:59
Downward pressure on China's economy is increasing and the government will make good use of counter-cyclical adjustments to keep economic operations within reasonable range, state television quoted premier Li Keqiang as saying.
Categories: Financial Media

Stocks dip as report China wants more trade talks tempers optimism

Mon, 10/14/2019 - 12:54
A global index of stock markets dipped on Monday as a report that China wants more talks before signing a "Phase One" trade deal with the United States tempered an initial burst of optimism that followed signs of progress last week.
Categories: Financial Media

Sempra Energy to sell Chilean businesses for $2.23 billion to China's State Grid

Mon, 10/14/2019 - 12:13
U.S. power company Sempra Energy said on Monday it would sell is Chilean businesses to China's State Grid International Development Limited for $2.23 billion in cash.
Categories: Financial Media

Superdry entrusts Dunkerton with turning around fashion firm he founded

Mon, 10/14/2019 - 12:02
Superdry put its faith in Julian Dunkerton to get the British fashion group back on track on Monday, confirming him as chief executive until 2021, after the co-founder returned in a boardroom coup earlier this year.
Categories: Financial Media

Oil falls due to caution over first phase of U.S.-China trade deal

Mon, 10/14/2019 - 11:36
Oil prices fell more than 2% on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week.
Categories: Financial Media

Liberty Global backs Sunrise deal to tune of $500 million

Mon, 10/14/2019 - 11:10
Liberty Global has offered a 500 million Swiss franc ($501.45 million) sweetener to rescue the sale of its Swiss cable and TV business to Sunrise Communications but a key Sunrise shareholder said it remained opposed to the deal.
Categories: Financial Media

WTO clears U.S. to target EU goods with tariffs over Airbus

Mon, 10/14/2019 - 10:06
The World Trade Organization (WTO) formally authorized the United States on Monday to impose tariffs on up to $7.5 billion of imports of EU goods after an arbitrator's decision over subsidies to planemaker Airbus .
Categories: Financial Media

Global stocks slip amid lack of detail on trade deal

Mon, 10/14/2019 - 09:58
A global index of stock markets slipped on Monday as signs of progress in the China-U.S. trade dispute drew mixed a reaction from investors, with some cautioning over a lack of detail in the initial stages of the agreement.
Categories: Financial Media

Freenet still rejects Sunrise deal despite Liberty Global offer

Mon, 10/14/2019 - 09:46
Freenet still opposes Sunrise's 6.3 billion Swiss franc ($6.32 billion) deal to buy Liberty Global's Swiss business, despite a new offer from the American seller to take part in the acquisition.
Categories: Financial Media

Trump's hailing of $50 billion in Chinese farm purchases seen as 'meaningless'

Mon, 10/14/2019 - 08:47
China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles.
Categories: Financial Media

WTO authorizes U.S. to target EU goods with tariffs over Airbus

Mon, 10/14/2019 - 08:37
The World Trade Organization (WTO) formally authorized the United States on Monday to impose tariffs on up to $7.5 billion of imports of EU goods after a decision earlier this month by a WTO arbitrator over subsidies to planemaker Airbus .
Categories: Financial Media