Stocks across the world hit their lowest in seven weeks and other risk assets also sold off on Monday on concerns over renewed lockdown measures in Europe and Britain, as well as the United States' inability to agree on fiscal stimulus that would support millions of unemployed.
A Delaware Chancery Court justice on Monday agreed to fast-track Tiffany & Co's lawsuit against French luxury goods conglomerate LVMH for trying to back out of its $16 billion deal to acquire the U.S. jeweler.
Two key Republican senators on Monday introduced legislation that would authorize $28 billion in payroll assistance to avoid thousands of airline industry layoffs set to begin Oct. 1.
Advocates of legislation to beef up the U.S. fight against money laundering made a fresh push on Monday to get Congress to act, after new revelations that some leading global banks have been processing payments linked to alleged illicit funds.
Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades.
ByteDance and Oracle Corp issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States, casting doubt on President Donald Trump's preliminary blessing of the deal.
U.S. President Donald Trump said on Monday a deal to expand American ownership of Chinese-owned popular social media app TikTok was "working its way through," after publicly blessing the agreement on Saturday.
Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand, and a potential return of Libyan production bolstered oversupply fears.
U.S. gasoline prices tumbled in Monday's energy market selloff, as worries about weak demand for fuel returned as the threat of Tropical Storm Beta waned, market analysts said.
Wall Street's main indexes tumbled on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for.
Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Ciara Lee reports
Shares in Rolls-Royce sank to 16-year lows on Monday after it confirmed reports it is looking into ways to raise over $3 billion in new capital. Julian Satterthwaite reports.
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