July 1, 2019

Wall Street rises as trade hopes drive tech gains; S&P at record-high

Wall Street’s main indexes rose on Monday, with the S&P 500 hitting an all-time high, as technology stocks gained on growing optimism around U.S.-China trade talks […]
July 1, 2019

Applied Materials to buy Japan’s Kokusai to bolster memory chip business

U.S. chip gear maker Applied Materials Inc on Monday agreed to buy Japanese peer Kokusai Electric for $2.2 billion from KKR & Co Inc , as […]
July 1, 2019

Behind the plunge in China auto sales: chaotic implementation of new emission rules

Shanghai-based Buick dealer Ron Li in late April found himself in an unfamiliar quandary: how to sell off almost 80 sedans and sport-utility vehicles crowding up […]
July 1, 2019

Deutsche Bank board to meet July 7 to decide on job cuts: sources

Deutsche Bank’s supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, four people […]
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 […]
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