Funding & Business
US Stocks Rise as Strategists See Fed Rate Cuts Spurring Gains
Major US indexes rose at the open Monday ahead of key economic data this week as traders are betting that a Federal Reserve interest rate cut will fuel further stock market gains.
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Anglo American Plc signed an agreement with Chile’s state copper company Codelco to jointly develop their adjacent mines near Santiago in a bid to boost production without major investments.
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President Donald Trump expects to announce economic deals totaling more than $10 billion during his trip to the United Kingdom, according to senior US officials. Some of the deals are expected to be rolled out at a business reception hosted by Chancellor of the Exchequer Rachel Reeves and featuring both Trump and British Prime Minister Keir Starmer. Bloomberg’s Rosalind Mathieson reports.
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Unilever PLC named acting Chief Financial Officer Srinivas Phatak to the role after his predecessor was promoted to chief executive officer earlier this year.
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