MAGELLAN MIDSTREAM PARTNERS LP

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%.

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.

De Beers, once-inflexible diamond company, allows traders to return rough stones, cuts prices.

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.

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.

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.