International News
US close: Dow snaps eight-day winning streak following drone strikes in Saudi Arabia
Wall Street stocks closed weaker on Monday after an attack on a Saudi Arabian oilfield and the country's key processing facility sparked fears that a surge in crude prices could add to the slowdown in the global economy.
Airbus shares fall after WTO reportedly sides with Trump in trade dispute
Airbus stock fell as much as 4% on Monday following reports that the World Trade Organisation had taken the US side in a ruling over alleged unfair subsidies for the plane maker.
Facebook and JP Morgan face global regulators to discuss cryptocurrencies
Representatives from Facebook and JP Morgan met with global central bank officials on Monday to discuss the development of the new Facebook cryptocurrency Libra and JPM coins.
London close: Risk rally interrupted by surge in Mideast tensions
London stocks finished lower on Monday following an attack on key Saudi Arabian oil installations at the weekend that cut the Kingdom's crude oil output by half, dealing a blow to the previous week's incipient recovery in risk appetite in financial markets on the back of an apparent easing in US-China trade tensions.
Volkswagen agrees to settlement over emissions manipulation in Australia
Carmaker Volkswagen has agreed to pay A$127m as part of a settlement with thousands customers affected by its manipulation of the emissions of its diesel vehicles in Australia.
Betfred underpaid staff for overtime work
Betting firm Betfred underpaid staff for working overtime and failed to let them know that they could be owed money once the problem was discovered.
US open: Stocks head south as oil prices surge
Wall Street stocks opened weaker on Monday after an attack on a Saudi Arabian oilfield and the country's key processing facility sparked fears that a surge in crude prices could add to the slowdown in the global economy.
Saudi-led coalition says Iranian weapons used in attack against oil installations
The spokesman of the Saudi-led coalition in Yemen, Turki Al-Maliki, said Iranian weapons were used in the strikes against the Kingdom's oil infrastructure at the weekend.
Energy Transfer to buy SemGroup for $1.35bn
US oil and gas pipeline company Energy Transfer has agreed to buy smaller rival SemGroup Corp for $1. 35bn.
Empire State index dips unexpectedly in September
Factory sector activity in the jurisdiction of the Federal Reserve bank of New York was little changed in September.
US pre-open: Futures point to losses following attack on Saudi Arabian oilfield
Wall Street futures had stocks opening weaker on Monday after an attack on a Saudi Arabian oilfield and the country's key processing facility sparked fears that a surge in crude prices could trigger a slowdown in the global economy.
Vaalco Energy to list in London
Texan oil company Vaalco Energy is seeking a secondary listing on the London Stock Exchange.
46,000 UAW workers go on strike against General Motors
Members of America's United Auto Workers union went on strike against General Motors, marking the first industrial action in the sector in 12 years.
Jefferies skeptical Yemen rebels responsible for attack on Saudi oil
Analysts at Jefferies sounded a skeptical note on Yemeni Houthi Rebels' claim of responsibility for the drone attack at the weekend against key Saudi oil installations.
Jefferies 'bullish' on energy after US Treasury curve steepening
Equity strategists at Jefferies upgraded their recommendation for Energy stocks to 'bullish' on the back of the shift higher in the US Treasury yield curve over the preceding week.
OxyContin maker Purdue files for bankruptcy
Under-fire American drugs company Purdue Pharma has filed for bankruptcy as it looks to settle thousands of opioid-related lawsuits.
Aldi profits slide despite improved revenues
German discount grocer Aldi reported a sharp fall in profits as price cuts aimed at remaining competitive and its rapid UK expansion hit the bottom line.
Oil loading 'resumes in Saudi Aramco plant' after drone strikes
Saudi Aramco has reportedly resumed vessel loading at one of its plants in Saudi Arabia hit by a drone attack over the weekend.
Chinese industrial production drops to 17-year low
Chinese industrial production fell to a 17-year low in August, according to figures released on Monday, while retail sales and fixed asset investment also weakened.
Asia report: Shares mixed after attack on Saudi oil production
Asian stocks closed mixed on Monday with oil prices surging after the weeken drone attacks on production facilities in Saudi Arabia.