The Governor of the Dutch Central Bank Klaas Knot stated on Monday that budget rules for countries in the Euro Zone should be simplified to focus on desired debt levels not deficit.
On Monday, despite the recent Euro Zone rate cut done by the ECB, banks had increased the rates, at which they lend to one another. The rate increases are undermining ECB monetary policy.
At the start of the US trading session, crude oil price benchmarks ended their previous surge, as Saudi Arabia claimed that nearly 75% of lost output had been restored.
At the start of US trading, US stock indices surged and erased prior losses. The surge was attributed to the better than expected US PMI survey results.
On Monday, the Supreme Court of the United Kingdom announced that it would rule on Tuesday on the suspension of the UK Parliament.
On Monday, Member of the Governing Council of the European Central Bank Klaas Knot stated that the recently started stimulus program is disproportionate.
On Monday, BNP Paribas announced that a deal between Deutsche Bank and BNP could move up to 1,000 of Deutsche staff to BNP.
On Monday, a Reuters poll revealed that the Czech National Bank would most likely keep interest rates unchanged until the end of 2020.
Hyundai Motor Group and Aptiv announced on Monday a four billion US Dollar joint venture that would develop self-driving automobiles.
On Monday, worse than expected results of the European Markit PMI surveys caused a sell off of the Euro, European stocks and other assets.
On Monday, crude oil price benchmarks continued to surge, as prices reached above $64 per barrel. The surge was caused by doubts that Saudi Arabia could restore its output.
Mike Pompeo, the US Secretary of State, said on Sunday that the United States mission is to avoid war with Iran, but added that President Donald Trump would take action if deterrence measures fail.
On Monday, a group of thirteen major oil firms pushed for a plan to increase investment in carbon-capture ahead of climate discussions at the UN General Assembly in New York.
Boris Johnson, the UK Prime Minister, asked whether the bosses of companies like the collapsed travel firm Thomas Cook was properly motivated to avoid bankruptcy.
On Monday, the UK Prime Minister Boris Johnson warned against the expectation of making the Brexit breakthrough at discussions on the sidelines of the UN General Assembly in New York.
Britain's Thomas Cook, the world's oldest travel company, has collapsed on Monday, hitting thousands of its customers around the globe and the whole travel sector, as the company ran hotels, resorts and airlines in 16 countries for 19M people a year.
On Monday, the Asian share markets dipped amid lack of clarity on the US-China trade talks, while oil rose over 1%, as tensions in the Middle East remained elevated.
Germany's Deutsche Bahn anticipated the government's €50B climate change package to encourage the railway company's largest expansion spurt in its history, the firm's boss stated.
The UK is set to create a $1.25B fund for scientists over the world to test and create new technology to assist developing countries in reduction of carbon emissions.
The China Securities Regulatory Commission has approved initial public offerings of Bafang Electric, Cosonic Acoustic Technology and Zhejiang Meorient.
China UnionPay, the largest card payment organisation in the world, plans to offer services to 70% merchants in Finland by the end of 2020, the President of China UnionPay Shi Wenchao says.
Macao's inflation increased 2.83% in August, compared to the same period the prior year, a report published by the Statistics and Census Service shows.
Moody's has adjusted the outlook on Cyprus from stable to positive Ba2, a statement published by the Moody's Investors Service shows.
The Asian Infrastructure Investment Bank plans to invest $1.09B in different projects in countries of the Association of Southeast Asian Nations, the AIIB President Jin Liqun says.