International News
Europe close: Stocks come off lows but start week lower
Selling in European stocks carried over from the previous week on the back of weaker-than-expected money supply figures in China and amid negative headlines surrounding the political situation in Britain, although by the end of trading equity benchmarks had come off their lows of the session.
Danfoss reports satisfactory performance in the first nine months of 2017
Danish company Danfoss, a global producer of diverse products and services, said its performance was in line with expectations over the first nine months of 2017.
Qualcomm rejects $103bn takeover bid from rival Broadcom
US semiconductor and telecommunications firm Qualcomm rejected a $103bn takeover bid from competitor Broadcom on Monday, saying the offer "dramatically" underestimated the value of the company.
New General Electric CEO slashes dividend in attempted turnaround
US industrial giant General Electric is halving its quarterly dividend to 12 cents per share as new CEO John Flannery attempts to turn its fortunes around.
Vue International receives bid from South Korean cinema group
South Korean cinema owner CJ-CGV is reportedly preparing an acquisition of UK-based group Vue International for a potential £2bn.
Moncler takes its popular brands off the catwalk
Italian brand Moncler has announced, on Monday, the withdrawal of its Moncler Gamme Rouge and Moncler Gamme Bleu collections from the catwalk subsequent to the Spring/Summer 2018 season.
Pfizer appoints Albert Bourla to newly-created role of COO
Pfizer has announced the appointment of Albert Bourla to the newly-created role of chief operating officer with effect from 1 January, 2018.
Hasbro makes move to absorb rival Mattel
According to reports, Hasbro was toying with the idea of acquiring competitor Mattel, makers of Barbie, in a move that would see the two biggest names in the industry combine to create a multinational powerhouse.
Qualcomm rejects Broadcom's $130bn takeover offer
Qualcomm’s board of directors has unanimously rejected the $130bn takeover bid made by Broadcom on 6 November.
Earthquake in Iran and Iraq leaves more than 300 dead
A massive earthquake has struck near the border between Iran and Iraq, leaving 348 people dead.
US pre-open: Stocks set for weak start, tax plans in focus
Wall Street is being called to start the week slightly lower amid somewhat downbeat 'market chatter' regarding the prospects for fiscal reform in the States and President Donald Trump's remarks at the Asia-Pacific Economic Cooperation conference, in Vietnam.
Boeing eyes $730bn Middle Eastern aircraft sales over next 20 years
Aeronautical giant Boeing said on Monday that airlines operating in the Middle East would need as many as 3,350 new aircraft over the next two decades, valued at roughly $730bn.
Asia report: Markets mixed on another quiet news day
Markets in Asia bobbed above and below the line for much of the session on Monday, closing mixed after traders carried negative sentiment over from Wall Street’s session on Friday.
Uber to sell stake to Softbank for $10bn
Ride-hailing app Uber has agreed to sell a stake of itself to Japanese investment group Softbank, for a figure believed to be $10bn.