GlobalFoundries named semiconductor industry veteran John Hollister as its finance chief on Monday, replacing David Reeder, who is leaving after a three years at the contract chipmaker.
Occidental Petroleum said on Monday it would buy energy producer CrownRock in a cash-and-stock deal valued at $12 billion, to boost its acreage in the oil-rich Permian basin.
Argentina’s financial markets were on tenterhooks on Monday to see if new President Javier Milei would immediately launch into his promised economic shock therapy by devaluing the peso.
Global trade is set to contract by 5% in 2023 compared to last year, the United Nations trade body said on Monday, with an overall pessimistic forecast for 2024.
Bond investors are expecting the Federal Reserve this week to temper the market’s conviction that U.S. interest rates will be cut early next year, even as portfolios get positioned for lower yields later in 2024.
Fast fashion firm Shein has held talks with the London Stock Exchange about the possibility of a public listing in the United Kingdom, Sky News reported on Monday, citing sources.
Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said.
Bank of Nova Scotia CEO Scott Thomson will face shareholders for the first time on Wednesday since taking the job with expectations running high for the Canadian lender to outline a plan to fix its struggling Latin American units and a vision to grow profits at home.
U.S. stock index futures were lackluster on Monday in the run-up to an action-packed week that includes the Federal Reserve’s interest rate meeting and inflation data, both of which will test investor optimism about a soft landing for the economy.
Tucker Carlson has priced his subscription-based streaming service at $9 per month, as the former Fox News host looks to capitalize on his popularity among conservative viewers.
