Business & Financial News, U.S & International Breaking News

The father of a Pakistani girl killed in a Texas school shooting said on Monday he hoped that the death of his daughter, who wanted to serve her country as a civil servant or diplomat, would help spur gun control in the United States.

U.S. small-cap stocks look poised to extend a breakout rally, especially if oil prices advance deeper into levels last seen in 2014 to drive further gains in the small energy companies that have provided leadership in recent week, analysts and investors said.

General Electric Co is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp , a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday.

Stocks, oil prices and the dollar were on the rise on Monday after the U.S.-China trade war was declared "on hold" while in Europe, Italy's borrowing costs climbed and the Milan bourse retreated as two anti-establishment parties got closer to power.

Amid mounting suspense in Malaysia, former leader Najib Razak is expected to give a statement to an anti-graft agency on Tuesday explaining what he knew about $10.6 million transferred into his bank account from a unit of a state fund he founded.

The United States on Sunday said it hopes to use strong shared interests that have emerged with its European Union partners in recent months to move forward on addressing Iran's nuclear program, missile development and role in regional conflicts.