Monday, 17 September 2018

Oracle first-quarter revenue up 1 percent

Reuters.com Newsletter

Oracle first-quarter revenue up 1 percent

Business software maker Oracle Corp reported a 1 percent rise in quarterly revenue on Monday, helped by growth in its cloud services and license support business.

Coke eyes cannabis-infused drink market

Coca-Cola Co is closely watching the fast-growing marijuana drinks market for a possible entry that would expand the world's largest soft drink maker's ambitions further away from sugary sodas.

Saudi's PIF invests more than $1 billion in electric carmaker Lucid Motors

Saudi Arabia's Public Investment Fund (PIF) has agreed to invest more than $1 billion in Lucid Motors, adding to the emerging competition facing U.S. electric vehicle maker Tesla Inc .

Trade tensions weigh on Wall Street

U.S. stocks fell on Monday, led by declines in technology and consumer discretionary stocks, as investors looked to President Donald Trump's announcement regarding tariffs on $200 billion of Chinese imports.

U.S. review of CVS deal for Aetna may end soon: source

The U.S. Justice Department's antitrust review of CVS Health Corp's planned purchase of Aetna Inc may conclude soon, a source familiar with the review said on Monday.

New U.S. tariff threat on Chinese goods hits stocks, dollar

A gauge of global equity markets eased and the dollar slipped on Monday as investors took a dim view of an expected new round of tariffs from Washington on Chinese goods, which would escalate a simmering U.S.-Sino dispute over trade.

China paper warns it won't play defense on trade as Trump lauds tariffs

China will not be content to only play defense in an escalating trade war with the United States, a widely read Chinese tabloid warned, as U.S. President Donald Trump was expected to announce new tariffs on $200 billion in Chinese goods as early as Monday.

Trump says he will announce decision on China tariffs after market close

U.S. President Donald Trump said on Monday he would announce his latest plan for China tariffs after the markets close, with expectations he would levy about $200 billion worth of Chinese imports.

Trump economic adviser says U.S. wants serious trade talks with China

The United States is ready to negotiate a trade deal with China whenever Beijing is prepared for serious talks that will reduce tariffs and eliminate non-tariff trade barriers, top White House economic adviser Larry Kudlow said on Monday.

Oil near flat as market weighs U.S.-China trade tensions, Iran sanctions

Oil prices were little changed on Monday as the market weighed deepening trade tension between the U.S. and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions.

Most U.S. states lack reserves to weather next recession: S&P

While U.S. states' financial health has strengthened in 2018 compared with last year, fewer than half have enough financial reserves to weather the first year of a moderate recession, according to an S&P Global Ratings report on Monday.

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