SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The next three weeks are among the rockiest, on a historical basis, of the entire calendar.Trading Nationread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
New York Fed President John Williams said Monday that the central bank acted quickly during last week's jolt to overnight lending markets and that the issue appears resolved...The Fedread more
The U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.Marketsread more
Harvard economist N. Gregory Mankiw said ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.Marketsread more
Samsung says it will launch the Galaxy Fold in the U.S. on Sept. 27. The launch was delayed from April after reviewers found it broke easily.Technologyread more
The holidays are a critical time for many brands, accounting for as much as 30% of a retailers annual sales. Heading into the gift-giving season, shoppers are expected to...Retailread more
Microsoft is looking for a new way to grab business from retailers as they fend off Amazon.Technologyread more
European stocks closed higher on Monday as manufacturing data in both China and Europe showed slight improvement, though not enough to dampen global fears of slowing economic growth.
The pan-European Stoxx 600 was 0.3% higher at the closing bell, financial services stocks jumping 0.9% to lead gains while technology stocks slipped 0.6%. The U.S. markets were closed for Labor Day.
China and the U.S. kicked off a new round of trade tariffs on one another's imports over the weekend, despite signs that talks could resume in September. The latest round of tariffs sees the U.S. imposing 15% tariffs on a variety of Chinese goods, including footwear, smart watches and flat-panel televisions, while China targeted U.S. crude with 5% duties.
Reuters reported on Monday that China had lodged a complaint against the U.S. with the World Trade Organization.
Back in Europe, PMI (purchasing managers' index) data showed that euro zone manufacturing activity contracted for a seventh month in August as weaker demand weighed on companies. However, the 47.0 figure for the bloc represented a modest improvement on the 46.5 reading for July.
U.K. manufacturing PMI nosedived at its fastest rate in seven years, falling to 47.4 from 48.0 and coming in a full point lower than the median forecast in a Reuters poll of economists.
U.K. lawmakers will bring forward legislation this week seeking to block the possibility of Britain leaving the European Union without a deal. The main opposition Labour party will publish its legislation plan on Tuesday, but the Conservative-led government has so far declined to guarantee it will abide by the new law.
Reports emerged on Monday afternoon that U.K. leader Boris Johnson is assembling an emergency cabinet meeting, with British media speculating that the prime minister is considering seeking an early general election if anti no-deal MPs defeat the government this week. The Sun newspaper reported on Monday that Johnson could call for a vote on an election as early as Wednesday, claiming that sources said the snap election would be held in just five weeks' time.
Sterling dived nearly 0.8% against the dollar on Monday, trading at around $1.2058, while the FTSE 100 climbed 1%.
Shares of Portuguese food retailer Jeronimo Martins climbed 4.2% to top the Stoxx 600 by the end of Monday's session, closely followed by London-listed recruitment firm Hays, which saw its shares gain 4%.
Elsewhere, pharmaceutical giant AstraZeneca's shares hit an all-time high during Monday's session after positive results from a late-stage drug study. Shares of the company were up 3% at the market close.
At the other end of the European blue chip index, Luxembourg-based Grand City Properties fell 4.4%, closely followed by Spanish lender Bankia, which shed 4.3%.