Page 186 - Rep News Today

Oil prices edged up on Monday, supported by OPEC+'s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world's No. 2 oil consumer.

The dollar bounced from a one-year low on Monday as resilience in core U.S. retail sales, a rise in short-term inflation expectations and impressive Wall Street bank earnings raised market expectations for an interest rate hike in May.

The Kenyan shilling weakened slightly on Monday on demand for dollars from energy importers and foreign-owned firms looking to pay dividends to overseas shareholders, traders said.

The Ugandan shilling was stable on Monday, with mid-month tax payments depressing demand for hard currency from importing firms, traders said.

Rivals are queueing up for a slice of UBS’s enlarged wealth management pie. A government-sponsored takeover of Credit Suisse should on paper allow Switzerland’s largest lender to boost its rich clients’ asset pot to a staggering $3.4 trillion. But new boss Sergio Ermotti should plan for a significantly smaller amount.

Emmanuel Macron’s recent warning that European countries could become “vassals” of the United States in a confrontation with China was unwise. But the French president is not the only U.S. ally wary about being drawn into a crisis over Taiwan driven by what he called "the American rhythm and a Chinese overreaction."

Darien is No. 1, Staples is No. 2 ahead of their Class L championship rematch and 2023 showdown Saturday.

The South African rand fell on Monday as the dollar gained on global markets, while stocks were down at the day's close.

Selling a company to private equity firms, with their deep pockets and lack of competitive overlap, just isn't what it used to be. Columnist Jonathan Guilford explains why.

The solid recovery in equities and slump in volatility gauges suggests investors are increasingly sanguine.