By Ankur Banerjee
SINGAPORE (Reuters) -Global stocks rose and the euro firmed on Monday after a trade agreement between the United States and the EU lifted sentiment and provided clarity in a pivotal week headlined by the Federal Reserve and the Bank of Japan policy meetings.
The U.S. struck a framework trade agreement with the European Union, imposing a 15% import tariff on most EU goods - half the threatened rate, a week after agreeing to a... (continue reading...)
By Florence Tan
SINGAPORE (Reuters) -Oil prices rose on Monday after the U.S. reached a trade deal with the European Union and may extend a tariff pause with China, reducing concerns that potentially higher levies would limit economic activity and impact fuel demand.
Brent crude futures inched up 22 cents, or 0.32%, to $68.66 a barrel by 0035 GMT while U.S. West Texas Intermediate crude was at $65.38 a barrel, up 22 cents, or 0.34%.
... (continue reading...)HONG KONG (Reuters) -Heavy rain intensified around Beijing and nearby provinces in northern China on Monday, exacerbating the risks of disasters including landslides and flooding, authorities said, as they relocated more than 4,000 people.
Colossal rain continued to pound the northwestern suburban area of Miyun in Beijing causing flash floods and landslides, and many villages were affected, state broadcaster CCTV reported.
Northern China... (continue reading...)
By Rocky Swift
TOKYO (Reuters) -The euro gained on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest in a flurry of deals to avert a global trade war.
Meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal, which will result in a 15% tariff on EU goods, half what Trump had threatened to... (continue reading...)
HONG KONG (Reuters) -CK Hutchison said on Monday it wants a major Chinese strategic investor to join the consortium bidding for its $22.8 billion ports business, after media reports that state-owned China COSCO Shipping Corp may join the group.
In a statement, CK Hutchison said changes to the consortium's composition and the structure of the transaction will be necessary for the deal to secure regulatory approvals, and that it will allow as much time as... (continue reading...)
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