Market News

  1. Apple Inc has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world's second-largest smartphone market where it has struggled against cheaper products from rivals.
  2. The collateral damage of the United States' trade wars is being felt from the fjords of Iceland to the auto factories of Japan.
  3. Boeing Co may have to book billions of dollars in additional charges related to its grounded 737 MAX jets, brokerages said on Monday, following reports that call into question the timing of the aircraft's return to service.
  4. Oil prices fell nearly 1% on Monday after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon, feeding worries that a slowing global economy would reduce demand for oil.
  5. A Fidelity Investments spokesman said on Monday it has dropped Fisher Investments as a money manager over allegedly sexist comments the firm's leader Kenneth Fisher made at a conference last week.
  6. The S&P 500 and Nasdaq indexes rose on Monday as technology stocks were bolstered by signs of progress in resolving the prolonged U.S.-China trade dispute, while losses in Boeing capped gains in the blue-chip Dow Jones Industrials.
  7. China is seeking $2.4 billion in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a tariffs case dating to the Obama era, a document published on Monday showed.
  8. The chief executive of UniCredit has a plan to revive his company's ailing share price - make it less Italian.
  9. Colorado became on Monday the second state to drop out of an effort by state attorneys general to stop T-Mobile US Inc's $26 billion merger with Sprint Corp .
  10. President Donald Trump continued to speak optimistically about the possibility of a deal to end the U.S. trade war with China, telling reporters at the White House on Monday that the trade deal is coming along great.
  11. Shares on world stock indexes mostly rose on Monday, as hopes for resolving the U.S.-China trade war pushed investors toward riskier assets, while the pound was near a 5-1/2-month high.
  12. Coty Inc is exploring the sale of its business unit that houses hair and nail care brands such as Wella, Clairol and OPI as part of its plan to whittle down its portfolio and cut debt, sending its shares up nearly 14% on Monday.
  13. Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis.
  14. Deutsche Bank AG said it is considering substantial cuts to the unit that trades interest-rate securities, a division that survived a large-scale pullback as part of the lender's sweeping revamp in July, Bloomberg reported on Monday.
  15. Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers, sending its shares up about 7%.
  16. On Monday, two Ohio counties reached a last-minute settlement with four companies they accused of fueling the nationwide opioid epidemic. The counties were seeking billions of dollars to cover the cost of addiction treatment programs, healthcare and other services.