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Futures rally as French worries ease; earnings in focus

U.S. stock index futures rose sharply on Monday, tracking European and Asian stocks, as investors breathed a sigh of relief after Centrist candidate and market favorite Emmanuel Macron won the first round of the French election.

Recent Business News

China clamps down on excess steel as Japan decries Trump 'protectionism'

MANILA/BEIJING Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel exports from China and elsewhere.

5:04am EDT

Congress returns as Trump pressures Democrats ahead of funding deadline

WASHINGTON With a deadline looming this week to avert a U.S. government shutdown, Congress returns to work on Monday as President Donald Trump leans on Democrats to include funding for his promised border wall with Mexico in spending legislation.

Oil recovers some ground, rise in U.S. drilling caps gains

LONDON Oil prices recovered some lost ground on Monday after big losses last week, driven by expectations that OPEC will extend output cuts till the end of 2017, although a rise in U.S. drilling capped gains.

8:05am EDT

CEO to go after LafargeHolcim admits paying Syrian groups

ZURICH LafargeHolcim Chief Executive Eric Olsen will leave the company in July after the world's largest cement maker admitted on Monday it had paid armed groups to keep a factory operating in war-ravaged Syria.

6:41am EDT

Chevron to sell Bangladesh gas fields to Chinese consortium

Chevron Corp is selling its three Bangladesh gas fields, worth an estimated $2 billion, to a Chinese consortium as the U.S. oil and gas group looks to shed non-core assets this year.

7:23am EDT

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