International News
Europe close: Stocks, euro near one-month highs ahead of results season
Stocks in Europe finished the session at their best level in over a month ahead of the start of the second quarter earnings season, even as the single currency continued to bound higher.
Alphabet invests $10bn in India
Alphabet said on Monday that it will spend around $10bn on equity investments and tie-ups in the up-and-coming Indian market over the next five to seven years.
Libya set to restart oil exports
Libya is set to resume crude oil exports in the wake of successful talks between the country's two warring factions following talks led by the United Nations and the United States.
Fisker to debut on Wall Street in $2.9bn deal
Electric car maker Fisker is to list on the New York Stock Exchange through a $2. 9bn deal with Spartan Energy Aquisition, it was announced on Monday.
Research into potential coronavirus vaccine given Fast Track status, says Pfizer
Research into potential Covid-19 vaccines being developed by Pfizer and BioNTech has been granted so-called Fast Track designation by the US Food and Drug Administration, sending shares in both drug firms higher.
German recovery is on track, says economics ministry
German officials have confirmed that the country’s economic recovery is underway after industrial production passed its lowest point.
PepsiCo revenues ease on lower drink sales
PepsiCo reported a slide in quarterly earnings on Monday, after the Covid-19 pandemic hurt drink sales at the US food and beverage giant.
US pre-open: Futures point to gains ahead of earnings deluge
Wall Street futures had stocks opening in the green ahead of the bell on Monday as investors appeared to ignore another record spike in new Covid-19 cases in Florida at the weekend.
Analog Devices to buy Maxim Integrated Products for $20.9bn
US semiconductor company Analog Devices has agreed to buy Maxim Integrated Products for $20. 9bn in an all-share deal.
BT warns UK government against rushing Huawei ban
BT boss Philip Jansen said on Monday that the UK government should not rush the ban on China’s tech giant Huawei from developing the country's 5G network, warning of potential outages and security issues.
Copper prices rally after Antofagasta miners vote to strike
Copper prices spiked on Monday on possible supply issues, after workers at a Chilean mine owned by Antofagasta voted in favour of strike action.
Asia report: Markets shine despite growing Covid case numbers
Markets in Asia were in the green across the board on Monday, with the Shenzhen bourse in China surging almost 3. 5%, even as investors digested fresh coronavirus numbers from over the weekend.
Alfa Laval to buy valve maker Neles for €1.73bn
Sweden’s Alfa Laval has agreed to buy Finnish valve maker Neles for €1. 73bn in cash.
Roche upbeat on latest Halimbra study results
Roche announced results from the second interim analysis of the phase 2b ‘STASEY’ study on Monday, which it said reinforced the safety profile of ‘Hemlibra’, or emicizumab, as shown in the phase 3 ‘HAVEN’ clinical programme.