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Reuters: Business News
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Reuters: Business News
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Trump: 'We will have to find out' about Huawei's relationship with North Korea
Asked about a media report that said Huawei Technologies Co Ltd [HWT.UL] had secretly built and maintained North Korea's commercial wireless network, U.S. President Donald Trump said on Monday, "We will have to find out."
REUTERS
Trump is expected to drop in on White House tech meeting with Broadcom, Intel CEOs -sources
Chief executives from chipmakers Intel and Broadcom will attend a Monday meeting at the White House to discuss Huawei's blacklisting and other topics, and President Donald Trump is expected to drop in even though the meeting was not on his official schedule, according to two people briefed on the matter.
REUTERS
Microsoft invests $1 bln in OpenAI
Microsoft said it's investing $1 billion in San Francisco-based OpenAI to develop artificial intelligence supercomputing technologies on its cloud computing service. Fred Katayama reports.
REUTERS
Wall Street mixed ahead of major earnings, key central bank meetings
The S&P 500 index pared early gains to tread water on Monday, as investors awaited key central bank meetings for direction on the path of interest rates and earnings from marquee names including Facebook and Amazon that are set to report this week.
REUTERS
UPDATE 3-Fitch cuts Boeing's debt outlook to "negative" on 737 MAX problems
Fitch Ratings lowered its debt outlook for Boeing Co to "negative" from "stable" on Monday, citing regulatory uncertainty around the timing of its 737 MAX jets' return to service.
REUTERS
UPDATE 4-Halliburton profit beats as company cuts cost; shares rise
Halliburton Co on Monday beat analysts' estimates for second-quarter profit as its largest oil-well services unit exceeded expectations, putting the company's shares on track for the biggest one-day gain in nearly three years.
1 h
REUTERS
UPDATE 3-Equifax to pay $700 mln over 2017 data breach, compensate consumers
Credit-reporting company Equifax Inc will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.
1 h
REUTERS
U.S. stocks gain ground on trade optimism; oil climbs
U.S. stocks advanced on Monday at the start of a heavy earnings week, while European shares overall were little changed, as investors took heart from potential progress in U.S.-China trade talks and escalating geopolitical tensions sent oil prices higher.
2 h
REUTERS
Microsoft to pay criminal fine to settle U.S. anti-bribery charges
Microsoft Corp agreed to pay about $25.3 million, including an $8.75 million criminal fine, to settle U.S. charges it violated a federal anti-bribery law by making improper payments to government officials in Hungary and other countries.
2 h
REUTERS
Philadelphia Energy Solutions files for bankruptcy after refinery fire
Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast.
2 h
REUTERS
Wall Street gains as earnings season gathers steam
U.S. stocks rose on Monday, lifted by technology companies, as investors eyed fresh U.S.-China trade developments during a busy week of corporate earnings with results from marquee names including Facebook and Amazon on tap.
3 h
REUTERS
Oil prices rise more than 1% after Iran seizes British tanker
Oil prices rose on Monday on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf.
4 h
REUTERS
Stocks struggle, oil jumps on Middle East tensions
European stocks lingered on Monday, hamstrung by dialled-down expectations for a larger U.S. rate cut this month, while escalating tensions in the Middle East boosted oil prices and rising fears for a no-deal Brexit haunted the pound.
5 h
REUTERS
Starbucks' China rival Luckin Coffee plans first foray overseas
Starbucks' Chinese challenger, Luckin Coffee , plans to open coffee shops in the Middle East and India, in its first move overseas.
6 h
REUTERS
UPDATE 1-Halliburton profit beats on international demand for oilfield services
Halliburton Co on Monday beat analysts' estimates for second-quarter profit, as higher international demand for its oilfield services cushioned weakness in North America, its largest market.
6 h
REUTERS
Bayer could benefit from home advantage in St. Louis Roundup cancer trial: experts
Bayer AG , facing an upcoming trial in St. Louis over allegations that its Roundup weed killer causes cancer, has recruited Missouri-based expert witnesses to make its case in a place where it has century-old roots but where juries often hit companies with huge damages.
7 h
REUTERS
Philips sales spurred by rising Chinese healthcare spending
Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter, putting its shares among the top performers in Europe on Monday.
8 h
REUTERS
Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models
South Korea's Hyundai Motor Co laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years.
9 h
REUTERS
Fire forces Philadelphia Energy Solutions to file for bankruptcy again
Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led to the permanent shutdown of the biggest oil refinery on the U.S. East Coast.
9 h
REUTERS
Asia stocks fall on likely smaller Fed rate cut, pricier oil
Asia stocks fell on Monday as investors scaled back expectations of an aggressive Federal Reserve interest rate cut, while crude oil prices rose on heightened Middle East tensions following Iran's seizure of a British tanker.
REUTERS
Did someone say rate cut? Five questions for the ECB
After weeks of speculation that interest rate cuts and another round of asset purchases are on their way, investors hope Thursday's European Central Bank meeting will give the clearest signal yet of imminent policy easing, if not the details.
REUTERS
Philips second-quarter results top estimates as growth picks up
Dutch health technology company Philips on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its hospital equipment in China and the United States.
REUTERS
Hyundai Motor logs biggest profit gain in seven years on currency, new models
South Korea's Hyundai Motor Co on Monday posted its steepest quarterly net profit gain in over seven years, as a weaker local currency helped lift U.S. income, while new models boosted domestic sales.
REUTERS
Oil outlook sours as sanctions, global tensions fail to bring out bulls
Sentiment in the oil market has shifted dramatically in recent days, with hedge funds, producers and traders all taking a more bearish tack in response to what they see as weakness in worldwide demand.
REUTERS
Oil gains as Gulf tanker seizure raises tensions
Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week.
REUTERS
UK parliamentary committee questions StanChart's remuneration policy
The head of the British parliament's Work and Pensions Committee has written to the chair of Standard Chartered Plc's remuneration committee questioning the bank's executive pension pay levels after more than a third of shareholders voted against its directors' remuneration policy.
REUTERS