Fed’s Powell to testify on economy on November 13
Federal Reserve Chair Jerome Powell will testify on the economy before Congress on November 13, the congressional Joint Economic Committee said on Monday....
Stocks rise on trade hopes, dollar gains on risk appetite
The dollar strengthened and global stock markets rallied on Monday on signs the United States and China could soon end a damaging trade war as...
Oil prices rise 2% on U.S.-China hopes and improved outlook
Oil prices rose $1 a barrel on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes...
ECB governor accused of bribery in Latvia corruption trial
Latvia’s central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first corruption...
EU argues case against Trump’s metal tariffs at WTO
The European Union argued on Monday for the withdrawal of tariffs imposed by U.S. President Donald Trump on metal imports in one of the most...
Italian government to summon ArcelorMittal over Ilva contract: source
The Italian government will summon representatives of ArcelorMittal for a meeting following the group’s decision to pull out of a contract to take over struggling...
ArcelorMittal to hand Ilva plant back to Italian state over legal row
ArcelorMittal said on Monday it was withdrawing from a deal to buy Italy’s struggling steel firm Ilva after the government removed previously agreed guarantees of...
McDonald’s says Easterbrook eligible for half-year severance
McDonald’s Corp said on Monday former chief executive officer, Steve Easterbrook, was eligible for six months of severance pay as part of his termination agreement...
U.S.-China trade optimism lifts Wall Street to record high
Technology stocks pushed Wall Street’s three main indexes to record highs on Monday, as hopes of a U.S.-China trade deal and an improving domestic economy...
Lion Air targets up to $1 billion IPO in early 2020: sources
Indonesia’s Lion Air has accelerated preparations for a stock market listing in the first quarter of next year with an initial public offering (IPO) that...