International News
US close: Stocks mixed amid elevated bond yields, stimulus headlines\
Wall Street stocks turned in a mixed performance on Monday after the US Senate passed Joe Biden's $1. 9trn Covid relief bill over the weekend.
Europe close: Stocks jump, Dax hits record on optimism for US stimulus and 'herd immunity'
European shares bounded ahead at the start of the week with the German Dax breaking out to a new record high in the process partly in anticipation of fresh fiscal stimulus in the US.
Two-thirds of global tropical rainforests destroyed or degraded - RFN
Two-thirds of the world's rainforests have been degraded or destroyed by humans, revealed the latest report by Rainforest Foundation Norway.
American Airlines plans $5bn bond sale to cover debts
American Airlines said it was planning to issue $5bn in bonds and seek a $2. 5bn term loan backed by its frequent flyer program to pay back a government loan and other debts.
Paypal to buy crypto security firm Curv
PayPal has agreed to buy Tel Aviv-based Curv, a provider of cloud-based infrastructure for digital asset security, for an undisclosed sum.
Apollo and Athene to form $29bn conglomerate
Apollo Global Management has agreed to merge with Athene Holding in a deal that will turn the US alternative asset manager into a conglomerate with businesses ranging from private equity to life insurance.
Bavarian Nordic posts positive pre-clinical trial data for Covid-19 vaccine
Shares in Bavarian Nordic surged at the start following the release of positive pre-clinical trial data for its Covid-19 vaccine candidate, ABNCoV2.
Economists revise forecasts for 2021 US GDP growth sharply higher
The high likelihood that Democrats in the US Senate will get their $1. 9trn fiscal stimulus proposal through the US Congress has seen economists revise their forecasts for economic growth in 2021 sharply higher.
Investor morale continues to grow across Eurozone
Investor confidence is continuing to grow in the Eurozone, research published on Monday confirmed, boosted by the worldwide rollout of the Covid-19 vaccine.
DuPont to buy Laird Performance Materials from Advent for $2.3bn
DuPont has agreed to buy Laird Performance Materials from private equity firm Advent International for $2. 3bn in cash.
EU agrees WTO agriculture quotas with US following Brexit
The European Union and the United States have concluded negotiations to implement the EU's agricultural quotas under World Trade Organization rules following the UK’s exit from the bloc.
Panasonic to buy Blue Yonder for $6.5bn
Panasonic Corp is set to buy US software firm Blue Yonder for $6. 45bn in its biggest acquisition deal since 2011, Nikkei reported on Monday.
Fintech unicorn WeLab raises $75m in funding round led by Allianz
Hong Kong’s fintech unicorn company WebLab has raised $75m in its latest funding round which was led by Allianz X.
US pre-open: Futures in the red as heightened bond yields offset stimulus headlines
Wall Street futures were in the red ahead of the bell on Monday despite the US Senate passing Joe Biden's $1. 9trn Covid relief bill.
German industrial production unexpectedly falls in January
German industrial production unexpectedly fell in January, according to figures released on Monday by Destatis.
Brent futures spring higher after attack on key Saudi oil facility
Crude oil futures sprang higher at the start of the week following an attack on Saudi Arabia's largest crude terminal at Ras Tanura.