Bank of Italy chief defends regulator’s role in Bari bank crisis
The head of Italy’s central bank rebuffed criticism of its role in supervising struggling lender Banca Popolare di Bari and said in an interview published on Monday that it was ready to account for its actions.
Global shares stall near record high as year draws to close
World stocks stalled near record highs and currency markets were little changed on Monday as trading dwindled before the Christmas holiday and investors took profit on gains made this month.
Oil eases as U.S. drilling activity picks up
Oil prices fell on Monday after an increase in U.S. drilling activity, but held near recent three-month highs on hopes for a trade deal between the United States and China.
Bayer shares up 3.5% after U.S. government’s backing in glyphosate lawsuit
Bayer shares rose as much as 3.5% on Monday, reaching their highest level in 14 months, after the United States government said that a $25 million glyphosate decision against the company should be reversed.
Credit Suisse surveillance probe to continue
Credit Suisse and law firm Homburger will continue their investigation into employee observation at the bank, a spokesman said, after the bank on Monday confirmed a second former executive was tailed. [nL8N28X0TX]
JD.Com’s logistics unit taps banks for potential $8-$10 billion IPO: sources
The logistics unit of Chinese e-commerce company JD.com Inc has held early discussions with banks about a potential overseas IPO that could raise $8 billion to $10 billion, two people with direct knowledge of the matter told Reuters.
SoftBank’s $3 billion WeWork financing talks stall with Japan banks: sources
SoftBank Group Corp’s talks to secure $3 billion from Japan’s three biggest banks have stalled as the lenders have hit internal lending limits to the firm, two people said, complicating a $9.5 billion rescue package for WeWork.
Oil eases but supported by trade deal hopes
Oil prices fell on Monday, but were holding near recent three-month highs amid expectations that the United States and China will soon agree on a trade deal, with President Donald Trump saying an agreement would be signed “very shortly”.
Credit Suisse blames former COO for covering up second spying case
Credit Suisse on Monday cleared CEO Tidjane Thiam and other top executives from knowledge of a second spying incident, saying former Chief Operating Officer Pierre-Olivier Bouee had the Swiss bank’s then-head of human resources followed in February an…
Oil group Total to pay $100 million bonus as part of Apache Suriname deal
French oil company Total said on Monday that it would pay a bonus of $100 million as part of its previously announced deal with U.S. peer Apache to develop an offshore block off Suriname.
