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China steel sector merger could result in world's top producer
A merger between Chinese steelmakers Baowu and Magangset will create the world's top producer, with combined annual output exceeding that of the entire US, overtaking ArcelorMittal.
Gazprom shares hit decade high on speculation of management changes
The market capitalisation of Russia's state-owned Gazprom reached its highest level since just after the start of the Great Financial Crisis at the start of the week, amid speculation that more management changes might be in the pipeline, Bloomberg reported.
Europe close: Intraday reversal sees stocks finish higher
Stocks across the Continent reversed early losses, helped by the release of steady readings for manufacturing sector activity in the euro area and China, as shares prices on Wall Street seemed to find their footing.
An interest rate cut may be warranted soon, Fed's Bullard says
The head of the Federal Reserve bank of St. Louis, James Bullard, believes a reduction in short-term official interest rates may be "warranted soon", even if only as insurance against a sharper-than-expected slowdown in the economy.
US close: Nasdaq enters correction territory as Justice Department probe batters tech stocks
Wall Street stocks kicked off June in much the same fashion they wrapped up May - with losses - as investors still fretting on multiple fronts as a result of the US administration's trade offensive, a new Justice Department antitrust probe and the deepening inversion of the Treasury yield curve.
Tuesday preview: Reserve Bank of Australia, AO World
The focus on Tuesday will be on the world's major central banks, Australia's in particular, in so far as it may become one of the first to cut rates in the face of the expected slowdown in global growth.
London close: Top flight index stages slight bounce, second-tier index underperforms
London's top flight index staged a slight bounce at the start of the week, paring the sharp losses seen near the start of the session as shares on Wall Street found their footing, even as investors sifted through the latest developments in the US-China trade war over the weekend.
Broker tips: Johnson Matthey, Britvic, Tesco
Analysts at Berenberg upped their target price on diversified chemicals outfit Johnson Matthey on Monday, noting that contrary to what the intraday share price reaction might lead one to believe, the group's 2019 results marked a pleasing continuation of a two-year-long pattern of "trusty delivery".
FAA reveals new flaws in Boeing 737 Max models
The US Federal Aviation Administration revealed on Sunday that it had diagnosed new problems with Boeing's 737 Max jets and older models, claiming there were manufacturing-related issues.
Director dealings: Yourgene chairman raises stake
Yourgene Health revealed on Monday that chairman Adam Reynolds had acquired 900,000 ordinary shares in the AIM-listed molecular diagnostics outfit.
FTSE 250 movers: Kier crumples, Centamin shines
London's FTSE 250 was down 0. 59% at 18,859. 25 in afternoon trade on Monday, with Kier leading the index lower as its share price dove by more than 30%.
US open: Mixed start to trading as Nasdaq rattled by Justice Department probe
Wall Street stocks kicked off June trading on a mixed note, with investors still fretting on multiple fronts as a result of the US administration's trade offensive, a new Justice Department antitrust probe and the deepening inversion of the Treasury yield curve.
US factory activity weakest since financial crisis in May, IHS Markit says
Conditions in US manufacturing were at their weakest last month since the Great Financial Crisis, including among large corporates, which over the course of just a handful of months had seen surging order books replaced by shrinking ones.
Berenberg raises price target on 'trusty' Johnson Matthey
Analysts at Berenberg upped their target price on diversified chemicals outfit Johnson Matthey on Monday, noting that contrary to what the intraday share price reaction might lead one to believe, the group's 2019 results marked a pleasing continuation of a two-year-long pattern of "trusty delivery".
KRM22's losses expand but acquisitions boost recurring revenue
KRM22 returned widened full-year losses after costs increased on Monday, though the company also reported an increase in annualised recurring revenues following a new acquisition.
US manufacturing ISM dips unexpectedly in May
Factory sector activity in the States cooled a tad more than expected last month amid widespread concern over the impact of trade tariffs, falling order backlogs and output, the results of a widely-followed survey showed, although sentiment was still described as "predominantly positive".
US pre-open: Futures point to losses as trade tensions remain in focus
June trading looked set to begin much like May ended, with investors fretting over Donald Trump's ongoing efforts to cause to a global trade war.
Infineon acquires Cypress Semiconductors in €9.0bn deal
German semiconductor manufacturer Infineon agreed to acquire US firm Cypress Semiconductors in a deal worth €9bn, including debt.
ShoreCap stands by 'hold' rating on Britvic following 'solid enough' first half
Analysts at Shore Capital Markets kept their 'hold' rating on Britvic in place on Monday following a "solid enough" set of first-half results from the beverage maker.
Tricorn reinstates dividend after transportation revenues spur profit increase
Tricorn Group on Monday reported an increase in annual profits and revenue, leading the company to reinstate its final dividend.