July 1, 2019

Oil steadies on OPEC cuts, but oversupply fears persist

Oil prices steadied on Monday as OPEC extended supply cuts until March 2020 during a meeting in Vienna, but prices pared gains as oversupply worries continued […]
July 1, 2019

Electric cars grab almost half of sales in oil-producing Norway

Almost half of new cars sold in Norway in the first six months of 2019 were powered by fully electric engines, up from just over a […]
July 1, 2019

Walmart to invest $1.2 billion in China to upgrade logistics

Walmart Inc plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the U.S. retail giant said on […]
July 1, 2019

Factories faltered in June, trade truce fails to brighten outlook

Factory activity shrank across much of Europe and Asia in June while growth in manufacturing cooled in the United States, keeping the world’s policymakers under pressure […]
July 1, 2019

S&P 500 hits record high as trade optimism boosts techs

Gains in technology stocks lifted the S&P 500 to a record high on Monday, powered by growing optimism around U.S.-China trade talks and a likely reprieve […]
July 1, 2019

Exclusive: FIS to win EU approval for $35 billion Worldpay deal: sources

U.S. financial services provider Fidelity National Information Services Inc (FIS) is set to gain unconditional antitrust approval from the European Union for its $35 billion bid […]
July 1, 2019

U.S. factory activity falls to more than two-and-a-half-year low

U.S. manufacturing activity hit more than a 2-1/2-year low in June, with a measure of new orders received by factories tumbling, amid growing anxiety over the […]
July 1, 2019

U.S.-China trade agreement takes little pressure off Fed to cut rates

A ceasefire in the U.S.-China trade war is doing little to relieve pressure on the Federal Reserve to stimulate the economy. Powered by WPeMatico
July 1, 2019

U.S.-China trade truce pushes global stocks higher

Global stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks at the G20 summit over the weekend, […]
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