LVMH countersued Tiffany & Co on Monday, arguing the iconic U.S. jeweler's financial mismanagement in the pandemic permits the French luxury goods giant to walk away from its proposed $16 billion acquisition of the company.
FXEmpire.com - US stocks moved higher on Monday, starting the week on an up note. While volatility remains elevated due to concerns that the Presidential election could be contested, large-cap tech stocks started to rebound. All sectors in the S&P 500 index were higher, led
LVMH countersued Tiffany & Co on Monday, arguing the latter's financial mismanagement in the COVID-19 pandemic permits the French luxury goods giant to walk away from its $16 billion acquisition of the iconic U.S. jeweler.
General Electric Co said on Monday its GE9X engine for Boeing Co's 777X passenger jet has been certified by the U.S. aviation safety regulator, clearing a hurdle in the planemaker's path to bring its new jet to the market.
United Airlines' pilots said on Monday they have voted to accept a deal that would keep all 13,000 of them employed through at least June 2021, averting 2,850 furloughs that were set for Thursday.
The United States is appealing at the World Trade Organization against a ruling that largely favoured Canada in a long-running dispute over lumber, putting the case into a legal void.
United Airlines' pilots have voted to accept a deal that would avert the immediate furlough of thousands of pilots, the company said on Monday, even without an extension of federal payroll aid the industry is awaiting.
Saudi Arabia's Tourism Development Fund on Monday signed an agreement with Riyadh Bank and Banque Saudi Fransi to finance up to 160 billion riyals ($43 billion) of tourism projects in the kingdom, state news agency SPA reported.
Aurora Cannabis Inc said on Monday billionaire investor Nelson Peltz has stepped down as adviser, adding to troubles at the Canadian pot producer reeling under the impact of the coronavirus pandemic.
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The loading of grains ships in Argentina was temporarily halted on Monday by a 24-hour strike by grains inspectors demanding higher wages and shorter working hours, Martin Brindici, general manager of the country's private ports chamber, said on Monday.
Ghana's central bank has kept its interest rate unchanged at 14.5% as it eyes recovery from a pandemic-induced economic slump, its governor Ernest Addison said on Monday.
China is aiming to produce 95% of its pork at home, according to a cabinet document outlining plans for its livestock sector, underscoring a goal to quickly rebuild its huge pig herd after a major disease epidemic.
Malaysia's flagship budget airline AirAsia Group Bhd are looking at laying off hundreds of employees, as it sought to cope with the coronavirus pandemic, state news agency Bernama reported on Monday.
Britain would like to reach a trade agreement with the United States by the middle of next year but such a date is not a firm deadline, trade minister Liz Truss said on Monday.
China expects a significant rebound in domestic travel over the upcoming Golden Week holiday after the sector was pummelled by the novel coronavirus for months, with some flights selling out and travel platforms reporting a surge in hotel bookings.
China Evergrande Group said its debt-cutting measures were working and the Hong Kong bourse had approved its spinoff plan, sending the property developer's shares up as much as 14% after a selloff last week.
China's capital called on importers on Monday to shun frozen food from countries suffering from severe novel coronavirus outbreaks after several cases of imported seafood products testing positive for the virus.
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