WASHINGTON The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank's growth and inflation outlook.
LONDON Oil prices surged to their highest since mid-2015 and U.S. Treasury yields hit a more than two-year peak on Monday after the world's top crude producers agreed to the first joint output cut since 2001.
NEW YORK Republican lawmakers and the Federal Reserve may be ready to strike a compromise deal on legislation that would give Congress greater scrutiny over the central bank, now that there is no longer the threat of a presidential veto, but it would likely stop short of dictating rules on setting interest rates.
Swiss pharmaceutical manufacturer Lonza Group AG on Monday confirmed it is in advanced talks with private equity firm KKR & Co LP to acquire Capsugel, a U.S. maker of capsule products and other drug delivery systems.
WASHINGTON President-elect Donald Trump is stacking his trade transition team with veterans of the U.S. steel industry's battles with China, signaling a potentially more aggressive approach to U.S. complaints of unfair Chinese subsidies for its exports and barriers to imports.
VIENNA Iraq is committed to cutting its production to comply with a global pact to support prices, the country's oil minister said, adding he was nevertheless confident OPEC's No. 2 producer has the potential to boost its output in coming years.
PARIS French asset manager Amundi has agreed to buy rival Pioneer Investments from Italian bank UniCredit for 3.6 billion euros ($3.8 billion), extending its reach in Europe and bringing in some much-needed capital for UniCredit.
FRANKFURT Daimler's Mercedes-Benz is on track to overtake rival BMW to take the title of the world's biggest luxury carmaker, sales figures for November released on Monday showed.
DOHA Qatar Airways is in talks with Airbus to convert its order for up to 80 A320neos to the larger A321neo, its chief executive said on Monday.
LONDON A major shareholder in British pay-TV company Sky will vote against Twenty-First Century Fox's $14 billion takeover bid, the investor told Reuters on Sunday, while another said it is unhappy about the offer.
WASHINGTON Republican U.S. President-elect Donald Trump on Monday formally announced Retired General John Kelly, a 45-year military veteran, as his choice to lead the Department Of Homeland Security.