3M gains on reported $5.5B to settle earplugs lawsuits; seen as ‘another positive’
3M (NYSE:MMM) has agreed to pay over $5.5 billion to settle over 300,000 lawsuits, alleging that the company’s combat earplugs…
Oil rises on China moves to support economy; tropical storm eyed
(Reuters) – Oil ticked higher on Monday after China took steps to bolster its flagging economy, though investors remained worried…
Gold treads water as Fed fears persist, more data awaited
Gold prices moved little on Monday as markets digested hawkish yet reiterative comments from the Federal Reserve, with a slew…
Oil prices edge higher after two weeks of losses, WTI tests $80
Oil prices rose slightly in early Asian trade on Monday as focus turned to economic readings from the world’s largest…
China-linked assets squeezed as slowdown ripples across markets
(Reuters) – Investors looking for clues about the state of China’s economy beyond official data are seeing red warnings flash…
Asia FX flat as markets weigh Fed outlook, dollar near 3-mth high
Most Asian currencies moved little on Monday as markets weighed hawkish yet somewhat reiterative comments on monetary policy from the…
Dollar eases against euro as investors ponder rate paths, China’s stamp duty
(Reuters) – The dollar slid from a 12-week peak on Monday after Federal Reserve Chair Jerome Powell left open the…
BYD unit buys US firm Jabil’s smartphones manufacturing business in China for $2.2 billion
(Reuters) – Chinese automaker BYD (SZ:002594) said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil…
Asia shares rally as China offers markets a hand
(Reuters) – Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood…
Evergrande loses $2 billion in value as trade resumes; extends creditor voting
(Reuters) – China Evergrande Group lost as much as $2 billion, or 80% of its market value, on Monday after…