Fresh GM union vote in Mexico headed for delay – sources
A key workers’ vote at a General Motors Co (GM.N) plant in Mexico that has drawn scrutiny from the Biden administration over alleged rights violations is slated to be delayed past a deadline set by Mexican authorities.
Blinken signals possible resumption of U.S.-Taiwan trade, investment talks
U.S. Secretary of State Antony Blinken on Monday signaled a possible resumption of trade and investment talks with Taiwan stalled since the Obama administration, but gave no indication of any willingness to pursue a full-scale trade pact Taipei has been seeking.
U.S. consumers sour on housing market’s buying conditions
A record-low percentage of U.S. consumers believe now is a good time to buy a home, with worries about surging prices and a small supply of houses on the market outweighing improved sentiment about their jobs and income, a survey from home financing giant Fannie Mae showed on Monday.
Wall St dips as investors weigh G7 tax deal risk
The S&P 500 eased on Monday, although it remained 0.5% away from its all-time high, as a deal by the world’s richest nations on a global minimum corporate tax overshadowed bets on a full economic reopening.
What now for the G7 tax deal on multinationals?
The G7’s weekend agreement on a global minimum corporate tax rate and arrangements for taxing multinationals paves the way for a broader deal in the coming weeks that could reshape cross-border taxation for years to come. read more
MOVES Ex BofA exec Elfring joins JPMorgan as EMEA vice chair -memo
JPMorgan Chase & Co (JPM.N) has tapped a former Bank of America Corp (BAC.N) executive to take on a new role as vice chairman of investment banking for Europe, the Middle East and Africa as it battles for key advisory mandates to dominate a resurgent M&A market.
Amazon’s billionaire founder Jeff Bezos to fly to space next month
Amazon’s billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month.
Mark Cuban-backed banking app Dave to go public in $4 bln SPAC merger
Billionaire Mark Cuban-backed Dave said on Monday it would go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital, valuing the banking app at $4 billion.
MSCI’S ACWI ends at record, oil hits 2-year high
A gauge of global equity markets closed at a record high on Monday as technology shares took in stride a deal by the world’s richest nations on a corporate tax aimed at U.S. tech heavyweights, and oil prices jumped to a two-year high.
Walmart’s Flipkart in talks to raise $3 bln from SoftBank, others – Bloomberg News
Walmart Inc-owned (WMT.N) Indian e-commerce firm Flipkart is in talks to raise at least $3 billion from investors including Japan’s SoftBank Group Corp (9984.T) and several sovereign wealth funds, Bloomberg News reported on Monday.
