Morgan Stanley analysts say Fed to cut U.S. rates in September
Morgan Stanley analysts said on Monday that they now expect the U.S. Federal Reserve to cut rates in September and then again in October....
Wall Street slides on geopolitical, recession fears
U.S. stocks dipped in a broad sell-off on Monday as rising geopolitical tensions spooked investors away from equities and the extended U.S.-China trade war stoked...
Colombia fines Uber more than $629,000 for obstructing regulatory visit
Colombia’s commerce regulator said on Monday it would fine ride-hailing company Uber Technologies Inc more than $629,000 for obstructing a regulatory visit in 2017....
U.S. transportation chief asks new FAA head to review agency in wake of 737 MAX crashes
U.S. Transportation Secretary Elaine Chao said on Monday she has asked the new head of the Federal Aviation Administration (FAA) to assess the agency’s performance...
Yen, gold gain on trade war angst; Argentine peso sinks
Investors piled into gold, safe-haven yen and bonds on Monday over nagging concerns about a prolonged U.S.-China trade war and global growth, while Argentina’s peso...
Oil steadies as Saudi, Kuwait signals offset demand fears
Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies faced worries about sluggish crude demand growth...
Jet Airways sale suffers setback as two potential investors back out
Creditors’ hopes of resurrecting India’s Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential...
Wall Street slips as trade war stokes fears of recession
U.S. stocks slipped on Monday, dragged down by financial shares, as investors fled riskier assets on fears that a drawn-out trade war between the United...
Lloyd’s of London meets second-quarter electronic trading target
Lloyd’s of London met a second-quarter target to complete at least half of its insurance under-writing deals electronically, as part of efforts to modernize operations...
Barrick posts profit jump, flags significant work ahead on Acacia
Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead...