[ad_1] NEW YORK (Reuters) – Oil prices sank about 1% on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data
Citigroup profit beats estimates on gains in consumer lending
[ad_1] (Reuters) – Citigroup Inc beat analysts’ estimates for quarterly profit on Monday, as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business.
Oklahoma at trial’s end says opioid ‘kingpin’ J&J fueled epidemic
[ad_1] NORMAN, Okla. (Reuters) – Lawyers for the state of Oklahoma on Monday compared Johnson & Johnson (JNJ.N) to a drug cartel leader as they sought to hold the drugmaker responsible for fueling the U.S.
Chinese data supports stocks as U.S. earnings season picks up
[ad_1] NEW YORK (Reuters) – A gauge of global stocks advanced on Monday as economic data from China came in as expected, although stocks on Wall Street were little changed as financials showed some weakness
Goldman banker highlights Morgan Stanley’s Hong Kong IPO woes
[ad_1] HONG KONG (Reuters) – A senior Goldman Sachs (GS.N) banker has highlighted to colleagues the role played by rival Morgan Stanley (MS.N) in failed Hong Kong IPOs following the collapse on Friday of Budweiser
Wall St opens at record highs as earnings season kicks off
[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid (Reuters) – Wall Street’s main indexes opened at record highs on Monday as
Brazil 2020 growth forecasts cut to new low, despite pension reform progress: survey
[ad_1] BRASILIA (Reuters) – Economists cut their 2020 Brazilian economic growth forecasts to a new low, a central bank survey showed on Monday, despite Congress delivering a major breakthrough on pension reform that most analysts
Exclusive: U.S. firms may get nod to restart Huawei sales in 2-4 weeks – official
[ad_1] WASHINGTON (Reuters) – The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump’s
Amazon workers in Germany strike over pay, Verdi union says
[ad_1] BERLIN (Reuters) – More than 2,000 workers at seven Amazon sites across Germany have gone on strike over pay for at least two days, labour union Verdi said on Monday. FILE PHOTO: An Amazon
Trump weighs ousting Commerce Secretary Ross – NBC
[ad_1] FILE PHOTO: Commerce Secretary Wilbur Ross attends a press preview event of the upcoming Paris Air Show at the National Press Club in Washington, U.S. June 6, 2019. REUTERS/Leah Millis/File Photo (Reuters) – U.S.