A slide in China's exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.
Liberty Global has offered to buy up to 500 million Swiss francs ($502.11 million) of newly created Sunrise Communications shares - a move designed to ease through its 6.3 billion franc sale of its Swiss business.
WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.
Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, though investors remained wary of the damage already done to the global economy.
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Here are the biggest calls on Wall Street on Monday
Shared office space company WeWork prefers the option of a near $5 billion financing package led by JPMorgan Chase & Co to selling a controlling stake to Japan's SoftBank Group Corp , Bloomberg reported https://bloom.bg/2pl8JmL late on Monday.
Superdry put its faith in Julian Dunkerton to get the British fashion group back on track on Monday, confirming him as chief executive until 2021, after the co-founder returned in a boardroom coup earlier this year.
U.S. power company Sempra Energy said on Monday it would sell is Chilean businesses to China's State Grid International Development Limited for $2.23 billion in cash.
China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles.
Liberty Global has offered a 500 million Swiss franc ($501.45 million) sweetener to rescue the sale of its Swiss cable and TV business to Sunrise Communications but a key Sunrise shareholder said it remained opposed to the deal.
Oil prices fell on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week.
Freenet still opposes Sunrise's 6.3 billion Swiss franc ($6.32 billion) deal to buy Liberty Global's Swiss business, despite a new offer from the American seller to take part in the acquisition.
A number of Russian investors are interested in a planned initial public offering of Saudi Arabian state-owned oil company Saudi Aramco, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF, told reporters on Sunday.
Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week's optimism over the thaw that helped to lift crude markets by 2%.