 | | | | A U.S. court ordered the shutdown of the Dakota Access oil pipeline on Monday over concerns about its potential environmental impact, a big win for the Native American tribes and green groups who fought the major pipeline's route across a crucial water supply for years. | | | | | | Royal Bank of Canada is committing C$150 million ($111 million) to racial diversity initiatives and aims to increase the proportion of non-white executives to 30% from 20%, Canada's biggest lender said on Monday. | | | | | | The yuan on Monday recorded its best day against the dollar since December as investors lapped up risky assets on growing expectations of a strong Chinese economic rebound and as glimmers of good news in U.S. data drove down demand for the safe-haven dollar. | | | | | | Oil futures ended largely steady on Monday as positive economic data supported prices, while a spike in coronavirus cases in the United States that could curb fuel demand pressured prices. | | | | | | Shares of Tesla surged 10% to a record high on Monday, extending their rally to nearly 40% in five sessions after analysts raised their price targets on the electric car maker following its strong quarterly deliveries. | | | | | | Global stock markets rallied and China's yuan posted its biggest gain since December on Monday as investors bet that the Chinese economy would boost global growth even as surging coronavirus cases delayed business re-openings across the United States. | | | | | | U.S. Energy Secretary Dan Brouillette said on Monday that he blames activists for a pair of high-profile pipeline setbacks in recent days, including a court's decision to force Energy Transfer Partners LP to close its Dakota Access crude oil pipeline over its environmental impact study. | | | | | | Energy Transfer LP will immediately file a motion to stay a U.S. district court decision on Monday to shut and empty the Dakota Access crude oil pipeline within a month, the company said in a statement. | | | | | | Large investors in the Dakota Access Pipeline, including Phillips 66 , could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the owners of the major artery to shut it down and empty it of oil. | | | | | | Wall Street's major indexes were up more than 1% on Monday as data showing unexpected growth in the U.S. services sector last month and a revival in China's economy boosted optimism, helping investors look past a surge in new coronavirus cases at home. | | | | | |
