International News
EU leaders leave summit without agreement on new posts
EU leaders suspended a summit on Monday until the next morning after they failed to agree on their new picks for the bloc’s top jobs despite 20 hours of negotiations.
US open: Stocks turn green as US-China truce takes S&P 500 to record high
Wall Street surged at the open on Monday as participants digested news coming from China, Japan and North Korea over the weekend.
US manufacturing holds up better than expected in June
American manufacturing held up better-than-expected last month albeit amid a widespread impact from trade tariffs, the results of a closely-followed survey showed.
Analysts somewhat divided on results of US-China trade talks
Last Saturday's meeting between the Presidents of China and the US played out roughly as expected, save for the positive suprise in the form of a partial reprieve for technology giant Huawei, but there was some division among analysts on either side of the Pond regarding what most likely lay ahead next.
Apple shares poised to surge if trade war ends - Wedbush
Shares in Apple could rise by as much as $25 if talks to end the bitter trade war between the US and China prove successful, Wedbush Securities believes.
Applied Materials to buy Japan's Kokusai Electric for $2.2bn
Chip-making equipment supplier Applied Materials has agreed to buy Japan's Kokusai Electric from investment firm KKR for $2. 2bn in cash.
Brussels launches probe into Spanish aid for Peugeot
The European Commission will investigate if Spain broke state aid rules with a €21m grant awarded to French car giant Peugeot.
Deutsche Bank to lay off as many as 20,000 people
Deutsche Bank could slash as many as 20,000 jobs in its biggest revamp in years, Bloomberg reported on Monday.
US pre-open: Stocks set to surge following ceasefire in US-China trade war
Wall Street stocks looked set to surge at the open on Monday as participants digested news coming from China, Japan and North Korea over the weekend.
Eurozone manufacturing falters amid tough economic conditions
Eurozone manufacturing eased in June, as the sector battled an increasingly challenging economic environment, a survey published on Monday showed.
Iran breaches enriched uranium limit, says report
Iran’s enriched uranium stockpile has exceeded the 300 kilogram limit permitted under its nuclear deal, according to a report from the nation's semi-official Fars news agency on Monday which cited an "informed source".
Asia report: Markets mostly higher as Trump and Xi agree ceasefire
Markets in Asia were mostly in the green on Monday, as investors digested the news that Donald Trump and Xi Jinping had agreed a fresh ceasefire in the ongoing trade war between the US and China.
Chinese manufacturing sector shrinks unexpectedly in June
Activity in China's manufacturing sector cooled further last month, prompting some analysts to anticipate slower economic growth overall and additional monetary easing from the People's Bank of China.
Fed's Clarida notes impact of trade uncertainty on business investment
The US central bank's second-highest ranking official reiterated the monetary authority's readiness to act "as appropriate" in order to sustain the economic expansion, strong labour market and price stability, while noting the potential impact that uncertainty about trade policy might have on business investment.
Eurozone unemployment rate dips in May
The eurozone unemployment rate unexpectedly fell in May, according to figures released by Eurostat on Monday.
German jobless claims drop less than expected in June, unemployment rate steady
German jobless claims dropped less than expected in June, according to data released by Destatis on Monday.