Equities slide, bonds rally as tech rebound stalls; oil slips

NEW YORK (Reuters) – Global equity benchmarks slipped and U.S. government bonds rallied on Thursday as a rebound in U.S. technology stocks stalled after the European Central Bank left its stimulus program unchanged and a stimulus bill failed in the U.S. Senate.

Asian markets set for decline again as U.S. tech stocks falter

NEW YORK (Reuters) – Asian markets were expected to fall on Friday in response to declines in technology stocks that began last week and growing concerns about another round of negotiations on the UK’s departure from the European Union.

Samsung touts ‘best salesman’ Lee’s role in $6.6 billion Verizon deal as trial looms

SEOUL (Reuters) – As Samsung Electronics’ (005930.KS) leader Jay Y. Lee readies for a new trial next month, the tech giant has quietly ramped up a public relations campaign touting Lee’s deal-making expertise including in winning a $6.6 billion contract from Verizon (VZ.N).

Rio Tinto top executives to step down after Australia cave blast review

(Reuters) – Rio Tinto (RIO.AX) said on Friday its chief executive would step down in the wake of mounting dissatisfaction over the findings of an internal review into how the … Read More

U.S. bankruptcy judge rejects LATAM Airlines proposed $2.4 billion financing deal

SAO PAULO (Reuters) – A U.S. bankruptcy judge on Thursday rejected a $2.4 billion financing plan for struggling LATAM Airlines (LTM.SN) on the grounds that a convertible loan included as … Read More

Factbox: Citi’s Jane Fraser describes working mom’s challenges on Wall Street

(Reuters) – Citigroup Inc (C.N) on Thursday named consumer banking head Jane Fraser as the bank’s next chief executive officer, making her the first woman to lead a major Wall Street bank.

Pelosi: ‘Hopeful’ COVID-19 aid bill can still pass before election

WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi said she was hopeful legislation for additional COVID-19 relief could be finalized before the Nov. 3 presidential election no matter how the … Read More

Bayer CEO wins term extension, makes progress on Roundup settlement

FRANKFURT (Reuters) – Bayer’s (BAYGn.DE) Chief Executive Werner Baumann won an extension of his contract until 2024, in a show of support from the drugmaker’s new chairman just months after agreeing an $11 billion settlement of U.S. lawsuits over its Roundup weedkiller.