International News
US close: Stocks mostly higher after tariff speculation, tech rally
US stocks trimmed earlier gains by Monday's closing bell after Donald Trump quashed speculation that his proposed trade tariffs might be pared back, though tech shares still put in a strong performance to propel the Nasdaq higher.
Europe close: Tech and tariff optimism stoke gains in shares
European stock markets started the week on the front foot, helped by strong service-sector data from the eurozone and China.
Fubo shares skyrocket on merger deal with Disney's Hulu
Shares in FuboTV were skyrocketing in New York trading on Monday morning, after it announced a landmark agreement with the Walt Disney Company to merge Disney’s Hulu + Live TV with Fubo, creating a “combined virtual multichannel video programming distributor” (vMVPD) business.
US open: Stocks gain as chip makers rally; Fubo surges
US equities rose in early trade on Monday, with chip stocks in the black after well-received numbers from Foxconn.
Nippon Steel, US Steel sue over Biden's blocking of $15bn deal
Nippon Steel and US Steel have filed a federal lawsuit in the United States, it emerged on Monday, contesting the Biden administration's decision to block a proposed $15bn acquisition of US Steel by the Japanese steelmaker.
Trump aides said to be preparing more targeted tariffs
US President-elect Donald Trump’s aides are reportedly exploring more targeted tariff plans.
Microsoft set to invest $80bn in AI data centres this year
Microsoft revealed plans to invest $80bn in AI-enabled data centres during its 2025 financial year on Monday, marking a substantial increase from its $53bn capital expenditure in 2023.
Eurozone private sector downturn eases as services growth revised higher
December's downturn in private-sector activity in the eurozone wasn't as bad as initially feared, according to revised estimates from the Hamburg Commercial Bank (HCOB) on Monday, as the service sector grew more than expected.
China services sector expands in December
Activity in China’s services sector grew in December at the fastest rate in seven months amid a jump in domestic demand, although foreign orders fell, according to a survey released on Monday.