U.S. equities were mostly lower after concerns of escalating trade tensions and slowing global growth sent equities reeling last week.
Of companies in the MSCI World Index -- a gauge of developed-market firms -- 52 percent are down by more than 20 percent from their 52-week high, according to Societe Generale global head of quantitative strategy Andrew Lapthorne. If it’s anything like the two most recent experiences -- the 2011 and
The previously unreported court papers show the extent of the legal dispute between Ghosn and Nissan over access to the apartment, one of several the former executive had access to around the world. The Rio apartment, which the carmaker says it owns, contains three safes that Nissan has yet to open,
(Bloomberg) -- Canadian housing starts rose faster than economists forecast in November led by gains in Vancouver, adding to evidence the country’s real estate market remains stable.
China raised the pressure on the United States and Canada as a bail hearing for a top Chinese technology executive was set to resume Monday in Vancouver, British Columbia. A headline in a Communist Party newspaper called Canada's treatment of Meng Wanzhou, the chief financial officer of Huawei Technologies
Rail operator Deutsche Bahn said the four-hour strike that began at 5 a.m. affected more than 1,400 trains nationwide, hitting long-distance traffic and also metro rail systems in Berlin, Munich, Hannover and Frankfurt. The EVG labour union called the so-called "warning strike" to put pressure
Israel's prime minister on Monday announced that Oman will open its airspace to Israel's national airline. The move appears to have no immediate practical effect because carrier El Al is still barred from flying over Oman's northern neighbour , Saudi Arabia. Benjamin Netanyahu told a gathering
Huawei [HWT.UL] Chief Financial Officer Meng Wanzhou, 46, was arrested by Canadian authorities on Dec. 1 at the request of the United States. U.S. officials allege Huawei was trying to use the banks to move money out of Iran. Huawei and its lawyers have said the company operates in strict compliance
(Reuters) - Canada's main stock index fell on Monday after crude oil prices fell 2 percent and pressured shares of energy companies. Oil fell in line with declines in global stock markets, erasing the gains made last week when producer group OPEC and other key exporters agreed to cut their crude
Financial Accountability Officer Peter Weltman says policy decisions such as cancelling the cap-and-trade program and reversing several tax increases, combined with a weaker economic forecast, contributed to the change. In his fall economic and budget outlook, Weltman says that without further policy
The pound weakened as Theresa May was said to delay a crucial Brexit vote. A drop in banks and energy companies sent the S&P 500 Index toward an eight-month low following the gauge’s worst week since March. Uncertainty over the strength of global growth lingered amid weak economic data out of China
Dec.10 -- Dan Ives, managing director at Wedbush Securities, examines China ruling in favor of Qualcomm Inc. to ban the sale of some iPhone models in the country. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open." Ives, his family, and firm, do not own shares of
The British pound is falling and U.K. stocks are higher following reports that a key vote on Britain's departure from the European Union could be scrapped. KEEPING SCORE: The S&P 500 index was down 21 points, or 0.8 per cent , at 2,612, as of 9:53 a.m. Eastern time. The benchmark index plunged
The probe will seek clarity on why Africa’s largest money manager decided to later sell its collateral on the loan to Citigroup Inc., said the people, who asked not to be identified as the details are private. President Cyril Ramaphosa ordered a commission to investigate a number of investment decisions
On Sunday, the minister in charge of Brexit, Stephen Barclay, told the BBC that the parliamentary vote was on: “It's 100 percent happening,” he said. On Monday morning, Environment Secretary Michael Gove, a Brexiter heavyweight in May's cabinet, echoed that certainty. Holding a vote you will
GoPro Inc on Monday took the first steps to move most of its U.S.-bound camera production out of China by the summer of 2019 to counter the potential impact from any new tariffs. The company had previously said it was being "very proactive" about the situation regarding tariffs as U.S. and
The preliminary order affects the iPhone 6S through the iPhone X sold with older versions of Apple's iOS operating system. Qualcomm, the biggest supplier of chips for mobile phones, initially filed its case in China in late 2017. In a statement, Apple said its iPhones remain on sale in the country
Among suppliers, Skyworks Solutions Inc. dropped as much as 2.6 percent, though it erased much of that loss, last trading down about 0.5 percent. Qorvo Inc. was off 1.2 percent. Qualcomm Inc. said it won a ruling in China against Apple.
Altria Group Inc., the U.S. maker of Marlboro cigarettes, made a $1.8 billion investment in Cronos Group Inc. on Friday amid pressure to find new growth avenues as U.S. smoking rates decline. The partnership, which includes the option for Altria to take majority control in the future, may see the firm
The Dutch foreign minister says the European Union would study any new Brexit offer that British Prime Minister Theresa May makes but that chances are slim it would be accepted. Minister Stef Block spoke in Brussels before May was due to address the British parliament on Monday afternoon about the divorce
British Prime Minister Theresa May looked set Monday to postpone Parliament's vote on her European Union divorce deal to avoid a shattering defeat, throwing Brexit plans into chaos just weeks after Britain and the bloc finally reached an agreement on the U.K.'s departure. The House of Commons
In a sign the investigation is deepening, Ghosn, 64, was also re-arrested on Monday on allegations of understating his income for a new time period, Japanese prosecutors said. The stepping up of the Japanese probe puts Renault’s board in a bind. 1. Why has Renault stuck with Ghosn?
Saying it's lost patience with missteps and earnings shortfalls, a large shareholder at Yelp is seeking a board reshuffle at the online review site. In a letter released publicly Monday, SQN Investors said that it wants Yelp Inc. to add some new directors to its board, including shareholder representatives
Campbell started the process of selling its international and fresh refrigerated-foods units in August following a strategic review, joining the likes of other packaged food makers such as Kraft Heinz Co and Kellogg Co who have also been offloading some brands. Campbell recently settled a months-long