International News
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.
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.
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.
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.
Asia report: Markets dip as China blames US for trade talk failure
Asian markets traded mostly lower on Monday, as investors maintained their gloomy outlook as the risks associated with US-China trade tensions showed no signs of abating.
Donald Trump arrives in UK amid political chaos and rising trade tensions
US President Donald Trump has arrived in the UK on Monday amid an atmosphere of local political tensions and anger over comments made by the US ambassador who suggested the NHS should be "on the table" in future trade negotiations.
Amazon to open 10 pop-up stores in UK cities
Amazon is set to open 10 pop-up stores called Clicks and Mortar in different UK cities and will give 100 small online businesses an opportunity to sell on the high street for the first time.
Caixin China manufacturing PMI steady in May, surprising consensus
Activity in China's manufacturing sector was steady last month, according to the results of perhaps the most closely-followed survey of conditions in the sector.