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Stocks rally after Mnuchin says Sino-U.S. trade war 'on hold'

TOKYO Stocks rose on Monday after U.S. Treasury Secretary Steven Mnuchin declared the U.S.-China trade war "on hold" following their agreement to suspend the tariff threats that roiled global markets this year.

Recent Business News

Australia's Santos gets final sweetened $10.8 billion bid from Harbour Energy

U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia's Santos Ltd on Monday, hiking its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids.

May 20 2018

U.S., China putting trade war on hold, Treasury's Mnuchin says

WASHINGTON The U.S. trade war with China is "on hold" after the world's largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. | Video

Rusal says Deripaska has not formally resigned; reiterates sanctions may hit business

HONG KONG Russia's largest aluminum producer Rusal said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by U.S. sanctions.

12:28am EDT

EU could compensate firms hit by U.S. sanctions over Iran: French minister

PARIS France is looking to see if the European Union could compensate European companies that might face U.S. sanctions for doing business with Iran, French finance minister Bruno Le Maire said on Sunday.

Campaign Finance, France May 20 2018

Italy must present Monte dei Paschi exit plan by 2019: CEO tells paper

MILAN Italy must present the European Commission with a plan for its exit from lender Monte dei Paschi by 2019, Chief Executive Marco Morelli told daily Corriere della Sera.

1:19am EDT

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