‘Outrageous results’ are evidence that a misinterpretation of the settlement was opening the door to ‘absurd’ awards, oil company says
Rehashing all the cringeworthy details will be fun, but investors should focus on the boring bits such as trading profits and capital ratios
Loblaw pays $12bn for pharmacy chain
The cash-and-stock deal announced on Monday is the latest sign that the arrival in Canada of Target, the US retailer, is shaking up the sector
Brent crude edged lower on Monday as data showing a slowdown in China’s economic growth.
Asian stocks were modestly higher on Monday as investors breathed a sigh relief after China’s latest second-quarter growth figures matched market expectations.
Gold prices turned higher after declining from its biggest weekly percentage increase in nearly two years.
The third-largest US bank reported earnings per share of $1.25 in the three months to the end of June, better than the $1.18 expected by analysts
The dollar rose against the euro and the yen on Monday as traders said its sell-off last week was overdone.
G20 sharpens attack on tax avoidance
Finance ministers from the Group of 20 leading nations plan to launch a new phase of the international crackdown on corporate tax avoidance
The dollar rose on Monday amid anticipation of improved U.S. sales data.
Stocks are slightly higher this morning after another major financial company reported better lending conditions and retail sales data disappointed. Retail sales in the United States grew by just 0.4% last month after rising 0.6% in May. Excluding autos and gas sales actually fell 0.1%. Economists estimated that June consumer sales would grow 0…