The Traderszone Network

Crude futures were little changed on Monday as moves by China to bolster its flagging economy failed to instill confidence that oil demand in the world’s largest energy consumer would keep growing quickly enough to absorb a global supply glut. China cut interest rates for the third time in six months on Sunday to stoke its sputtering economy, which is headed for its worst year in a quarter of century. “There’s been limited response in the oil markets today,” said Ric Spooner, chief analyst at CMC Markets in Sydney.

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Japan’s Sharp Corp said it may reduce its capital and issue preferred shares as part of a planned restructuring, but worries about potential dilution from the new issuance and other possible fund raising sent its shares plunging 26 percent.Battered by competition from cheaper Asia rivals in its core liquid crystal panel display business, loss-making Sharp has been working with its main lenders on securing its second major bailout since 2012.

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The U.S. Securities and Exchange Commission has named David Grim to lead the agency’s effort to tighten mutual-fund rules at a time when regulators are studying whether the largest fund companies pose systemic risk.

Saudi Arabia announced that its new monarch would not be attending meetings at the White House or a summit gathering at Camp David this week.

Just five US companies are hoarding nearly half a trillion dollars as the country’s tax code and a tepid global economy deter firms from spending.

iPhones may be selling like hotcakes in China, but overall demand for smartphones in the world’s biggest market is in fact slowing, according to IDC.

Chief financial officers from around the globe are betting on a rebound for the U.S. economy in the next six months.