Monday 4 June 2018

Oil falls 2 percent, U.S. crude hits lowest since early April

Oil falls 2 percent, U.S. crude hits lowest since early April

NEW YORK (Reuters) - Oil prices fell about 2 percent on Monday, with U.S. crude touching its lowest level in nearly two months, breaking below technical support levels as investors kept selling amid growing U.S. production, possible global supply growth and nagging trade tensions.

Microsoft to take on Amazon with $7.5 billion GitHub deal

(Reuters) - Microsoft Corp  said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to beef up its cloud computing business and challenge market leader Amazon.com Inc .

Global stocks gain, dollar falls; political worries ease in Europe

NEW YORK (Reuters) - World stock indexes and Treasury yields climbed on Monday, while the dollar fell to a two-week low as political tensions in Europe eased.

SEC fines New York firm deVere $8 million over UK pension advice conflicts

NEW YORK (Reuters) - The New York investment adviser deVere USA Inc agreed on Monday to pay an $8 million civil fine to settle U.S. Securities and Exchange Commission charges it failed to disclose conflicts of interest to hundreds of clients with UK pensions.

Exclusive: ConocoPhillips prepares to sell stake in Canada's Cenovus - sources

(Reuters) - ConocoPhillips is preparing to offload its stake in Cenovus Energy Inc that it acquired as part of an asset sale to the Canadian oil and gas producer last year, people familiar with the matter told Reuters.

With maple syrup tariff, Canada-U.S. trade dispute spills beyond metals

TORONTO (Reuters) - Canada's retaliation against U.S. President Donald Trump's steel and aluminum tariffs includes proposed duties on maple syrup, a nod to a national symbol and a powerful industry in the French-speaking province of Quebec that could hurt producers in Maine.

Daimler says electric cars on target after report of launch delays

BERLIN (Reuters) - Daimler said planned launches of battery-powered luxury cars were on schedule on Monday following a report in Germany's Handelsblatt that they were facing delays because of battery shortages and other technical problems.

Technology rally helps Wall Street push higher

New York (Reuters) - Technology stocks led the market higher on Monday as Apple and Microsoft boosted the sector after the iPhone maker kicked off its annual developers conference and the Windows software maker announced an acquisition.

Apple's new phone software speeds up older devices

SAN JOSE (Reuters) - Apple Inc on Monday unveiled the latest version of its operating system for the iPhone and iPad, iOS 12, saying it would make older devices such as the iPhone 6 work better.

SocGen agrees to more than $1 billion in fines over Libya, Libor probes

PARIS/NEW YORK (Reuters) - French bank Societe Generale will pay more than $1 billion to resolve criminal and civil charges in the United States and France for bribing Gaddafi-era Libyan officials and manipulating the Libor interest rate benchmark, U.S. authorities said on Monday.

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