SYDNEY The euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won through the first round of the French election, reducing the risk of a Brexit-like shock and sparking a mass unwinding of safe-haven trades.
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SINGAPORE Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains.
BEIJING Washington's move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday.
WASHINGTON U.S. Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration's tax reform plan would produce some "short term issues" when viewed under traditional "static" budget analysis rules.
SHANGHAI/BEIJING Global security companies and their smaller Chinese rivals are jostling for business along Beijing's modern-day "Silk Road", the grandiose plan for land and sea routes connecting the world's second largest economy with the rest of Asia and beyond.
ZURICH Credit Suisse will not decide on how it wants to raise fresh capital until after this week's annual general meeting, SonntagsZeitung reported on Sunday.