Asia's factories falter in June, trade truce fails to brighten outlook

Factory activity shrank in most Asian countries in June as the simmering U.S.-China trade conflict put further strains on the region's manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.

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Stocks jump on trade reprieve, bonds reconsider rate cuts

Stocks rallied and bonds retreated in Asia on Monday as the United States and China agreed to restart trade talks, leading investors to pare wagers on aggressive policy easing by the major central banks.

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OPEC set to extend oil supply cut as Iran endorses pact

OPEC and its allies look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude amid a weakening global economy.

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Tory leadership: Jeremy Hunt pledges £6bn for farmers in no-deal Brexit

The Tory leadership hopeful likens it to a banks' bailout as Boris Johnson vows a public sector pay rise.

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UniCredit says it will stick to organic growth, mergers difficult

Italy's biggest lender, UniCredit , will stick to organic growth in its new business plan, Chief Executive Jean Pierre Mustier said in an interview published in La Stampa newspaper on Monday, saying European mergers were difficult.

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As U.S. expansion notches record, recovery may have only just begun

A now record-setting run of U.S. economic growth enters its 121st month on Monday, sustained by a decade of low interest rates and massive Federal Reserve intervention that helped put 22 million people back to work.

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Oil jumps over 2% as Saudi Arabia, Russia back supply cuts

Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.

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Asia's factory activity shrinks, U.S.-China trade truce fails to brighten outlook

Factory activity shrank in most Asian countries in June as the simmering U.S.-China trade conflict put further strains on the region's manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.

from Reuters: Business News https://ift.tt/2LtA3sc

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Stocks relieved at trade truce, bonds step back

Stocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute averted one threat to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks.

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Oil jumps on Saudi, Russia support for supply cuts

Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia, Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting this week.

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Asia stocks cheer trade truce, bonds retreat

Stocks rallied and bonds retreated in Asia on Monday as a thaw in the Sino-U.S. trade dispute tempered risks to the global economy, leading investors to pare wagers on aggressive policy easing by the major central banks.

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Rio Tinto names Barbara Levi as group general counsel

Rio Tinto named Barbara Levi as its new general counsel and group executive on Monday, replacing Philip Richards.

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Stock futures jump on US-China trade progress

Stock futures jump on US-China trade progress



Trade progress with China and a historic meeting with North Korea's Kim Jong Un put investors in a buying mood.

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U.S. stock futures jump after U.S. and China agree to resume trade talks

U.S. stock futures jumped more than one percent when trading resumed on Sunday, after the United States and China agreed on Saturday to restart stalled trade talks.

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Halfway through 2019, tech leads Wall Street

Halfway through 2019, tech leads Wall Street



Uncertainty related to the trade conflict and Washington's blacklisting of China's Huawei have pushed the Philadelphia Semiconductor Index down 8% from its record high in April, but it is still up 27% for the year, buoyed by expectations that a slump in global sales is near its bottom and that demand is set to recover.

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