Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
Check out the companies making headlines before the bell:
Dave & Buster's Entertainment – Dave & Buster's reported quarterly profit of $1.13 per share, missing consensus estimates by a penny a share. The restaurant chain's revenue also fell short of forecasts, as comparable sales declined by 0.3%. The company also lowered its full-year forecast.
Raytheon, United Technologies – The merger deal between the defense contractors is opposed by activist investor William Ackman, who owns a significant position in United Technologies. Ackman wants the company to call off the deal, according to a letter sent to CEO Greg Hayes and seen by The Wall Street Journal. Ackman said the deal makes no strategic sense.
Medidata Solutions – The medical cloud software company agreed to be acquired by French software maker Dassault Systems for $5.8 billion in cash or $92.25 per share. Medidata had closed Tuesday at $94.75.
PepsiCo – PepsiCo executive Laxman Narasimhan was named the new chief executive officer at British consumer products giant Reckitt Benckiser. Narasimhan is PepsiCo's global chief commercial officer, and will become CEO at Reckitt on September 1.
Qualcomm – Qualcomm is running into opposition, as attempts to put an antitrust decision against the chipmaker on hold while it pursues an appeal. Both the Federal Trade Commission and Korea's LG Electronics registered their opposition, with LG saying it was worried it might be forced into signing what it calls another unfair patent licensing agreement.
Mattel – The toy maker rejected a second takeover offer from Bratz doll maker MGA Entertainment, according to emails that MGA CEO Isaac Larian shared with Reuters. Mattel's chief legal officer told Larian that the company's board felt that the latest proposal was not in the best interests of Mattel and its shareholders. MGA had first approached Mattel about a takeover in April 2018.
Tesla – CEO Elon Musk told the automaker's annual shareholder meeting that the company had a "decent shot" at a record quarter, as he sought to allay concerns about demand for Tesla's electric vehicles.
Marsh & McLennan – Marsh & McLennan was downgraded the "market perform" from "outperform" at Keefe Bruyette & Woods, with the firm citing valuation for its call on the insurer's stock.
Brinker International – The restaurant operator was upgraded to "outperform" from "market perform" at Telsey Advisory Group. Telsey points to potential upside from the Chili's parent from its partnership with restaurant delivery service DoorDash.