World stocks extend global recovery, set for sixth day of gains
LONDON (Reuters) - World stocks were set for a sixth session of gains on Monday, extending a recovery from a selloff sparked by fears of creeping inflation and higher borrowing costs.
For timing of Aramco IPO, watch forward oil price curve
LONDON (Reuters) - It's the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing?
Alibaba, Tencent rally troops amid $10 billion retail battle
SHANGHAI (Reuters) - China's tech giants Alibaba Group Holding Ltd
and Tencent Holdings Ltd <0700.HK>, worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets.
South Korea's Moon bemoans GM plant closure move, calls on government to help workers
SEOUL (Reuters) - South Korean President Moon Jae-in said on Monday General Motors Co's (GM)
decision to shut down a factory south of Seoul will hurt that region, and called upon his administration to take measures to boost economic activity there.
Congress sets sights on federal cryptocurrency rules
WASHINGTON (Reuters) - Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters.
Software may have helped Daimler pass U.S. emissions tests: report
BERLIN (Reuters) - U.S. investigators probing Mercedes maker Daimler
have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents.
Jittery U.S. bond market braces for supply wave
NEW YORK (Reuters) - Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have their work cut out for them as the U.S. government seeks to sell $258 billion worth of debt this coming week.
Singapore competition agency to look closer at Uber tie-up with ComfortDelGro
SINGAPORE (Reuters) - Singapore's competition commission said on Monday it plans to do further in-depth assessment of the tie-up between the city-state's top taxi operator, ComfortDelGro, and Uber [UBER.UL], after an initial review.
Russian magnate Deripaska to quit roles at his two biggest firms
MOSCOW (Reuters) - Russian billionaire Oleg Deripaska plans to step down as the president of the two companies he controls - aluminum giant Rusal <0486.HK> and En+ Group
, two sources familiar with the matter told Reuters.
Eyes wide shut: the $1.8 billion Indian bank fraud that went unnoticed
NEW DELHI/MUMBAI (Reuters) - The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical center of one of the world's fastest growing major economies.