 | | | | Global stocks scaled five-week highs Monday on hopes that more government stimulus would come and that the world economy was on the mend, while the Chinese yuan retreated from a 17-month high after a policy move over the weekend. | | | | | | Walt Disney Co said on Monday it will manage its content under three separate groups - studios, general entertainment and sports - while housing its distribution and commercialization activities into a global media and entertainment distribution unit. | | | | | | Wall Street ended sharply higher on Monday, fueled by expectations of a coronavirus relief package and by a rally in Amazon, Apple and other technology stocks ahead quarterly earnings season. | | | | | | Energy companies forged ahead restoring oil and natural gas production in the U.S.-regulated northern Gulf of Mexico on Monday, three days after Hurricane Delta made landfall, said the U.S. Bureau of Safety and Environmental Enforcement (BSEE). | | | | | | Digital banking app Revolut is planning to apply for a bank charter with the Federal Reserve Bank of San Francisco and California's Division of Financial Institutions within weeks, CNBC reported https://www.cnbc.com/2020/10/12/european-fintech-giant-revolut-is-close-to-applying-for-a-bank-charter-in-california.html?__source=twitter%7Cmain on Monday, citing people with knowledge of the matter. | | | | | | Equitrans Midstream Corp said on Monday it will evaluate the cost and timing of the completion of the Mountain Valley natural gas pipeline based on ongoing litigation and upcoming federal approvals. | | | | | | The international community must do more to tackle the economic fallout of the COVID-19 crisis, the head of the International Monetary Fund said on Monday, publicly calling on the World Bank to accelerate its lending to hard-hit African countries. | | | | | | Oil prices settled about 3% lower on Monday as force majeure at Libya's largest oilfield was lifted, a Norwegian strike affecting production ended and U.S. producers began restoring output after Hurricane Delta. | | | | | | Major French unions on Monday signed a keenly awaited labor deal with Europe's Airbus covering job reductions and furloughs for production workers affected by coronavirus-blighted demand for passenger jets. | | | | | | 5G will finally get its U.S. closeup with the expected debut of Apple Inc's next iPhone on Tuesday. But the blazing speeds promised will not materialize for most people. | | | | | |
