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TOP STORIES
China relieved, U.S. business ambivalent over easing oftrade tensions
BEIJING - China's government praises a significant coolingof trade tensions with the United States, saying agreement is inboth nations' interests, while state media trumpets what it saysis Beijing's refusal to surrender to U.S. economic threats.(USA-TRADE/CHINA (UPDATE 4, TV), moved, by Ben Blanchard andMichael Martina, 980 words)
+ See also:
- USA-TRADE/CHINA-TRUMP (UPDATE 1), moved, 210 words
GE merges transportation unit with Wabtec in $11.1 bln deal
General Electric Co says it is unloading its locomotivebusiness to Wabtec Corp, a U.S. manufacturer of equipment forthe rail industry, in a deal valued at about $11.1 billion.(GETRANSPORTATION-M&A/WABTEC (UPDATE 2), moved, by Rachel Vats,420 words)
How Canada's Brookfield snatched bargain assets amid Brazilpanic
SAO PAULO - Rampant corruption scandals and a deep recessionsoured many foreign investors on Brazil in recent years, but oneCanadian group, Brookfield Asset Management, saw opportunity.(BROOKFIELD-BRAZIL/ (FOCUS, PIX), moved, by Tatiana Bautzer, 840words)
+ See also:
- BROOKFIELD-BRAZIL/ (FACTBOX, INSIGHT), moved, 220 words
EXCLUSIVE-BP back on its feet but CEO senses no respite
LONDON - After the near collapse of his company followingthe 2010 Gulf of Mexico disaster and a three-year slump in oilprices, BP Chief Executive Officer Bob Dudley is hardly relaxed.(BP-CEO/ (EXCLUSIVE, PIX), moved, by Ron Bousso and DmitryZhdannikov, 1,280 words)
MARKETS
Wall St rallies on trade war truce, $28 bln in mergers
U.S. stocks rally broadly after the United States and Chinaput a potential trade war "on hold" to work on a wideragreement, with sentiment also getting a boost from the nearly$28 billion worth of U.S. merger deals. (USA-STOCKS/ (UPDATE 2),updated throughout the day, 500 words)
+ See also:
- GLOBAL-MARKETS/ (WRAPUP 7), updated throughout the day,510 words
Oil tilts into the red, but U.S./China trade truce capslosses
LONDON - Oil prices decline, a drop limited by the prospectof an easing in trade tensions between the United States andChina. (GLOBAL-OIL/ (UPDATE 6, PIX), updated throughout the day,410 words)
ECONOMY
Turkish lira sell-off deepens, investors eye central bank
ISTANBUL - Turkey's lira extends its relentless tumble,sliding more than 2 percent against the dollar on concerns aboutPresident Tayyip Erdogan's influence over monetary policy andthe central bank's inability to rein in double-digit inflation.(TURKEY-CURRENCY/ (UPDATE 4, GRAPHICS), moved, by Ezgi Erkoyunand Ali Kucukgocmen, 460 words)
COMPANIES
Fifth Third Bancorp pays $4.7 bln for MB Financial's Chicagomuscle
U.S. regional bank Fifth Third Bancorp will buy smallerrival MB Financial Inc in a stock-and-cash deal valued at about$4.7 billion, as it looks to expand in Chicago and broaden itsmiddle market customer base. (MB FINANCIAL-M&A/FIFTH THIRDBANCORP (UPDATE 3), moved, by Nikhil Subba, 420 words)
LaSalle Hotel accepts Blackstone's $3.7 bln cash offer
LaSalle Hotel Properties sells itself to private equity firmBlackstone Group LP for $3.7 billion in cash, rejecting acash-and-stock offer from rival Pebblebrook Hotel Trust.(LASALLE HOTEL-M&A/BLACKSTONE GROUP (UPDATE 2), moved, bySanjana Shivdas, 340 words)
Australia's Santos gets final sweetened $10.8 bln bid fromHarbour Energy
U.S.-based Harbour Energy made a final offer of $10.8billion for Australia's Santos Ltd on Monday, hiking its bid fora fifth time in nine months after a steep rise in oil prices andpotentially deterring any rival bids. (SANTOS-M&A/HARBOUR(UPDATE 3), by Sonali Paul, 499 words)
Roche drug dramatically reduces bleeds in key hemophiliatests
LONDON - Roche's new hemophilia drug, Hemlibra, dramaticallyreduced bleeding in a broad population of hemophilia patients,results from two clinical trials show, setting it up to take adominant market position. (ROCHE-HAEMOPHILIA/, moved, by BenHirschler, 410 words)
ALSO IN THE NEWS
U.S. top court backs companies over worker class-actionclaims
WASHINGTON - The U.S. Supreme Court delivers a blow to therights of workers by allowing companies to require them to signaway their ability to bring class-action claims againstmanagement, agreements already in place for about 25 millionemployees. (USA-COURT/EMPLOYMENT (UPDATE 2, PIX), moved, byLawrence Hurley, 460 words)
Don't neglect to pay the middleman: How Shell and Eni endedup on trial
LONDON - Seven years ago, two middlemen launched civillawsuits to seek payment for helping arrange a $1.3 billion oildeal in Nigeria. Now, nine current and former executives orcontractors from Italy's Eni and British-Dutch giant Royal DutchShell have been accused by Italian prosecutors of paying bribesto secure the license. (ENI-SHELL/NIGERIA-CORRUPTION (REPEAT,PIX), moved, by Libby George and Shadia Nasralla, 790 words)