The dollar was set for a fourth straight month of losses on Monday after a U.S. Federal Reserve policy shift on inflation, while the euro was poised to post a fourth month of gains, taking both currencies to levels last seen in 2018.
McDonald's Corp said on Monday former Chief Executive Steve Easterbrook's motion against the company should be dismissed, reiterating that the terms of his separation from the company were based on fraudulent statements.
Private equity firm KKR & Co Inc will sell business software maker Epicor Software Corp to Clayton Dubilier & Rice in a $4.7 billion deal, the companies said on Monday.
(RTTNews) - Premium Brands Holdings Corp. (PBH.TO), a leading producer, marketer and distributor of branded specialty food products, announced Monday that it has acquired Global Gourmet Foods Inc. and signed an agreement to acquire Allseas Fisheries Inc.
Given the financial impact of the COVID-19 crisis, Americans are desperate for relief, and with stimulus bill negotiations stalled, President Trump has elected to take matters into his own hands. Earlier in August, he signed a number of executive orders, one of which calls for a
Egypt signed a $2 billion conventional and Islamic loan with several international and regional banks in a deal coordinated by two UAE lenders, the finance ministry said on Monday.
(RTTNews) - German stocks rose on Monday as an upbeat reading on China's service sector augured well for continued recovery in the world's second-largest economy.
World stocks hovered near record highs on Monday and were set to end August with five consecutive months of gains, as investors bet on central banks keeping up the policy punchbowl for years to come.
Denmark's largest bank Danske Bank has collected outdated or excessive debt from up to 106,000 customers due to errors in its IT system, the bank said on Monday.
Danish tax authorities have initiated a review of Google's accounts in Denmark to determine whether the tech giant has any outstanding tax obligation, the company said on Monday.
Indonesia's central bank should have its mandate expanded to include economic growth and give ministers the right to vote at policy meetings, a panel advising parliament said, recommending the biggest shake-up of the monetary authority in two decades.
(RTTNews) - Asian stocks ended mostly lower on Monday after reaching a 29-month high earlier in the day in reaction to an upbeat reading on China's service sector activity data.
Indonesian shares fell more than 1% on Monday, weighed down by a surge in new COVID-19 cases and the discovery of a more infectious mutation of the coronavirus in the country as the impact of upbeat Chinese services sector data faded.
The lira hovered near record lows on Monday as data showed the Turkish economy shrank at its fastest pace in more than a decade due to the COVID-19 pandemic, while Asian currencies firmed following upbeat services sector figures from China.
Indian shares fell sharply on Monday afternoon, as a fresh flare-up on the disputed border between India and China wiped all gains that stemmed from optimism around the latest government directives to open up the country's economy further.
Italy's economy shrank a downwardly revised 12.8% in the second quarter from the previous three months, national statistics bureau ISTAT said on Monday, the steepest recorded drop in gross domestic product as the coronavirus crisis lacerated the country,
European shares rose on Monday as heavyweight oil and gas players were supported by higher crude prices and merger talks in major French utilities saw the sector outperform regional peers.
The dollar was set for a fourth straight month of losses on Monday after a U.S. Federal Reserve policy shift on inflation, while the euro was poised to post a fourth month of gains, taking both currencies to levels last seen in 2018.
Saudi Arabia's stock market rose in early trade on Monday, boosted by energy and financial companies, while shares in the United Arab Emirates moved sideways.
Israel's Delek Group said on Monday it is in talks with third parties about a possible merger of its North Sea energy operations, as it reported a second quarter loss.