International News
US close: Heavy losses on the Street as tech sell-off hits both the Dow and Nasdaq
Wall Street recorded some heavy losses across-the-board on Monday, with news of Apple's production cuts and Netflix's afternoon fall to a nine-month low hitting both the Dow Industrials and the tech-heavy Nasdaq.
Interest rates in the US still 'very low', Fed's Williams says
A key US central bank official appeared to indicate at the start of the week that interest rates were still headed higher.
Europe close: Stocks slip after acromonious APEC summit, Technology sold
Another round of heavy selling in technology issues dragged on the Continent's main share indices, albeit on lighter than usual trading volumes on account of the upcoming Thanksgiving Day holiday in the States, amid ongoing doubts around the outlook for Sino-US trade relations and political uncertainties in Italy and the UK.
Tim Cook says "inevitable" tech firms will face regulations
Apple CEO Tim Cook told Axios on Monday that tech companies will "inevitably" have to face regulations in order to prevent technology from being using for malicious purposes.
Facebook grants £4.5m to fund UK local newspapers
Facebook will donate £4. 5m to local UK newspapers and will fund 80 jobs for the next two years in its latest move to prove its positive relationship with the media.
US open: Losses at the bell following news of Apple's planned production cuts
Trading on Wall Street kicked-off with across-the-board losses on Monday as news of Apple's production cuts hit both the Dow Industrials and the tech-heavy Nasdaq, even as investors continued to eye Sino-US trade relations.
China alleges top three chipmakers involved in price-fixing
China vowed to deepen a probe into Samsung, Micron and SK Hynix following what it said was the discovery of "massive evidence" that the world's three kargest chipmakers were colluding to rig prices.
US housebuilder confidence slumps in November
Sentiment among US housebuilders deteriorated more than expected in November amid growing affordability concerns, according to data released on Monday.
Nissan to boot chairman over 'significant acts of misconduct'
Nissan is preparing to oust its chairman Carlos Ghosn after it was revealed he and another top executive, Greg Kelly, had been involved in "significant acts of misconduct" over a long period of time.
Apple cuts production orders on new iPhone models - report
Apple has reportedly slashed production orders for all three of its new iPhones following lower-than-expected demand for the devices.
Barloworld confirms talks with Caterpillar as revenues improve
South Africa’s Barloworld is in talks to buy a business from America's Caterpillar, after offloading an underperforming unit earlier this year.
Asia report: Markets mostly higher as APEC summit begins
Most markets in Asia were in positive territory as they closed on Monday, even as sentiment remained muted amid ongoing geopolitical tension between China and the United States.
Cimarex to buy Resolute Energy for $1.6bn
Shares in Resolute Energy surged in pre-market trade on Monday as it agreed to be bought by larger rival Cimarex for around $1. 6bn.
Euro area current account surplus steady at 3.1% of GDP in September
The single currency bloc's surplus in its current transactions with the rest of the world was unchanged in September versus a year earlier.