News

Hedge funds sold petroleum futures and options for the second week running as the post-attack bounce in oil prices evaporated and attention shifted to the deteriorating condition of the global economy.

European shares ended a tumultuous week on a high note on Friday as data showing modest U.S. jobs growth lifted sentiment slightly, pushing a pan-region index to its best day in more than three weeks.

General Electric Co said on Monday it was freezing the pension plan for about 20,000 U.S. employees with salaried benefits, as the industrial conglomerate looks to cut its huge debt pile.

India and Taiwan equities received strong foreign inflows in September due to some local factors, but other regional markets saw outflows on concerns over the U.S.-China trade war and slowing economic growth.

Singapore shares snapped three sessions of losses on Monday, helped by Keppel Corp and Sembcorp Industries as the two index heavyweights reached settlements with indebted Brazilian firm Sete Brasil, while consumer and banking stocks sent Indonesia lower. Keppel Corp and Sembcorp Industries said they struck settlements with...

Euro zone banks face growing pressure on earnings from a maturing business cycle, and their projections for lukewarm earnings in the coming years may still be too optimistic, the European Central Bank said on Monday.

* Follows recent collapse of The We Company listing (Adds quotes, context)

Democratic presidential hopeful Pete Buttigieg unveiled his plan on Monday to slash prescription drug costs for senior citizens and target pharmaceutical companies for rising prices, the latest 2020 candidate to detail policies to tackle the issue.

* Apple accounts for the majority of Japan Display's revenue (Recasts and adds comments on potential OLED plans)

Agricultural commodity merchant Louis Dreyfus warned on Monday it expected a difficult year as a series of challenges including international trade tensions and a swine disease epidemic pushed down first-half profits.