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Updated: 16 min 35 sec ago

Saudi Aramco asks banks to pitch for roles in planned IPO: sources

22 min 40 sec ago
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said.

Wall St. rallies on stimulus cheer, trade optimism

1 hour 1 min ago
U.S. stocks surged on Monday, building on previous session's rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.

Oil up 1% after attack on Saudi field, but OPEC report caps gains

1 hour 6 min ago
Oil prices were up more than 1% on Monday after a weekend attack on a Saudi oil facility by Yemen's Houthi forces and as traders looked for signs that top economies would take measures to counteract a global slowdown.

General Electric adds to defense against charges of bogus accounting

1 hour 20 min ago
General Electric Co intensified its defense of accounting practices on Monday after investors questioned it about an unusual research report alleging GE failed to put aside money to cover $29 billion in potential insurance losses and improperly counted profit from subsidiary Baker Hughes.

Top CEOs say companies should put social responsibility above profit

1 hour 57 min ago
Companies should focus on social responsibilities as well as profits, the Business Roundtable, a group of corporate chief executives that includes the head of the largest U.S. bank and the CEO of the world's largest airline, said on Monday.

General Electric renews defense against charges of bogus accounting

1 hour 59 min ago
General Electric Co further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put aside money to cover $29 billion in potential insurance losses and had improperly counted profit from subsidiary Baker Hughes as its own.

Wall Street rallies on stimulus cheer, trade optimism

2 hours 30 min ago
U.S. stocks surged on Monday, building on previous session's rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.

Wall St. rallies on stimulus cheer, Apple leads tech gains

4 hours 32 sec ago
U.S. stocks surged on Monday on growing hopes that major economies would act to stymie the slowing economic effects of escalating global trade tensions, while technology stocks rose led by a nearly 3% gain in Apple's shares.

Oil up after drone attack on Saudi field, but OPEC report caps gains

4 hours 17 min ago
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemen's Houthi forces and as traders looked for signs of progress in U.S.-China trade negotiations.

Equinor, Gazprom lose European gas market share as LNG surges

4 hours 25 min ago
Europe's two biggest suppliers of pipeline gas, Norway's Equinor and Russia's Gazprom, have lost market share for the first time in at least four years amid a tripling in liquefied natural gas (LNG) imports into the region over the past 10 months.

Wall St. opens higher on stimulus hopes

4 hours 40 min ago
Wall Street opened higher on Monday, after China's plans of an interest rate reform reinforced hopes that major economies would act to counter the impact of escalating global trade tensions.

U.S. grants Huawei another 90 days to buy from American suppliers

4 hours 41 min ago
U.S. Commerce Secretary Wilbur Ross said on Monday the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, even as nearly 50 of its units were being added to a U.S. economic blacklist.

Disney streaming service to launch in Canada, Netherlands in November

5 hours 9 min ago
Walt Disney Co said on Monday it will launch its Disney+ video streaming service in Canada and the Netherlands on Nov. 12, the same date as its previously announced United States launch.

Cathay Pacific's new boss puts emphasis on safety and security

5 hours 26 min ago
Cathay Pacific Ltd needs to focus on safety and security, its customers and the completion of a three-year financial turnaround plan, the airline's new chief executive told staff on Monday.

Oil up after drone attack on Saudi field, but OPEC report caps gains

5 hours 27 min ago
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs of progress in U.S.-China trade negotiations.

U.S. Commerce Secretary Ross downplays fears of recession

6 hours 10 min ago
U.S. Commerce Secretary Wilbur Ross on Monday added to a chorus of presidential officials downplaying concerns over a looming recession after the U.S. Treasury yield curve temporarily inverted last week for the first time in 12 years.

U.S. Commerce secretary: Fed policies boosting U.S. dollar

6 hours 10 min ago
Commerce Secretary Wilbur Ross said on Monday that the Trump administration was not happy with how Federal Reserve monetary policy was helping the U.S. dollar stay strong.

U.S. grants Huawei another 90 days to buy from American suppliers: Ross

6 hours 22 min ago
U.S. Commerce Secretary Wilbur Ross said Monday the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers.

Futures jump on growing stimulus hopes

6 hours 30 min ago
U.S. stock index futures rose about 1% on Monday as signs of an interest rate reform in China bolstered hopes that major economies would act to stave off the slowing economic effects of escalating global trade tensions.

Juul raises $325 million in equity and debt financing for global expansion

6 hours 38 min ago
U.S. e-cigarette maker Juul Labs Inc has raised $325 million in an equity and debt offering, as it looks to expand its global reach at a time of intense regulatory scrutiny in its home market.

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