ALGIERS (Reuters) – Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude.
(Reuters) – Wall Street was lower late Monday morning, dragged down by Pfizer and as investors anxiously await the first U.S. presidential debate to gauge how the candidates plan to shape the economy and policy.
DETROIT (Reuters) – September U.S. auto sales are forecast to drop nearly 1 percent from a year ago, despite a record high for consumer discounts, J.D. Power and LMC Automotive said on Monday.
FRANKFURT (Reuters) – The euro zone economy is coping well with global uncertainty, such as Britain’s vote to leave the European Union, even if the outlook for external demand has worsened, the president of the European Central Bank said on Monday.
FRANKFURT/LONDON (Reuters) – The European Union may opt out of new global rules aimed at preventing another financial crash because officials are worried they put European banks at a disadvantage at a time when they are losing market share to U.S. rivals.
(Reuters) – The U.S. Securities and Exchange Commission has dropped several claims against two former executives at now-defunct home lender Thornburg Mortgage Inc in a lawsuit brought in the wake of the 2008 financial crisis.
WASHINGTON (Reuters) – New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before, with analysts saying the trend in sales remains positive.
FRANKFURT/BERLIN (Reuters) – Deutsche Bank said on Monday it had no need for German government help with a $14 billion U.S. demand to settle claims it missold mortgage-backed securities, as its shares hit a record low.
(Reuters) – U.S. drugmaker Pfizer Inc , which has been considering a split into two companies for more than two years, said on Monday it will not do so because the move would not create any shareholder value.