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Dow, S&P edge up as data, debt ceiling curb gains
The S&P 500 and Dow Jones closed up on Monday following weak manufacturing data, which raised concerns about the economic slowdown, which could help with declining inflation amid debt ceiling negotiations between the White House and Republicans. The Nasdaq was lifted by a rise in Meta shares. Investors will also focus on retail sales, weekly jobless claims and housing data on a lighter economic week. Oneok Inc's agreement to buy U.S. pipeline operator Magellan Midstream Partners in an $18.8bn deal caused Oneok's shares to slump by 9.06%, while shares of Magellan rose 12.99%.
S&P 500, Dow muted on slowdown fears; Meta lifts Nasdaq
The S&P 500 and Dow traded flat on Monday after manufacturing data raised concerns about an economic slowdown. The Nasdaq was boosted by Meta's shares gains. The New York Federal Reserve's "Empire State" index revealed current business conditions plummeted to -31.8 in May, from expectations of a 3.75 decline.
How a tough Indian market is making De Beers change its policy
De Beers, once-inflexible diamond company, allows traders to return rough stones, cuts prices.
Nirma second time unlucky as Genesis Energy pips it to scoop Tronox Alkali for $1.3 billion
Sources said, even though Nirma's bid was believed to be higher, anti-trust concerns spooked its chances of making its largest cross border acquisition.
RIL and Pioneer Natural Resources Company close deal to sell EFS Midstream
Pioneer owns 50.1%, while Reliance owns the remaining 49.9% in EFS Midstream, in line with the two company’s respective holding in the shale gas acreage.
RIL completes 49.9% stake sale in US pipeline venture for $1 billion
Reliance Industries said it has closed deal to sell its entire 49.9% interest in US shale oil and gas pipeline JV to Enterprise Products Partners for $1.073 bn.
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India to discuss LNG imports with US President Barack Obama on his India visit
Officials said India wants to make sure that US doesn't take action against ONGC & IOC, which were named by it in a list of cos that did biz with Iran.Load More
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