Danske Bank ousts former interim CEO after customers overcharged
Danske Bank has dismissed its former interim chief executive Jesper Nielsen after thousands of Danish customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender.
Oil prices up on U.S.-Iran tensions
Oil prices rose on Monday, extending vast gains last week prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran.
Lufthansa announces turnaround plan for budget unit Eurowings
German carrier Lufthansa announced a turnaround plan for Eurowings on Monday, saying its budget unit would in future focus on short-haul flights and seek a 15% cut in unit costs by 2022 in a bid to return to profit.
FedEx apologizes for returning Huawei phone, reigniting Chinese ire
FedEx Corp has apologized for returning a package which the sender said contained a Huawei smartphone, blaming an “operational error” as it works to comply with U.S. restrictions on business with China’s Huawei Technologies Co Ltd.
Bitcoin pulls back from 18-month highs after 10% weekend jump
Bitcoin pulled back from 18-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.
China says FedEx should offer a proper explanation on Huawei
China’s foreign ministry said on Monday that FedEx Corp should offer a proper explanation, after the firm apologized for refusing to ship a Huawei Technologies phone sent from Britain to the United States.
Oil prices climb as U.S.-Iran tensions mount
Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the United States after U.S. Secretary of State Mike Pompeo said “significant” sanctions would be announced on Tehran.
Nomura shareholders vote to keep embattled CEO
Japan’s Nomura Holdings Inc won shareholder approval on Monday for the re-appointment of its chief executive officer, overcoming concerns about the leaking of market information and its first annual loss in a decade.
Asia stocks climb pre-G20, oil up on U.S.-Iran feud
Stock markets in Asia inched higher on Monday on hopes that U.S. and Chinese leaders will be able to get trade talks back on track this week, while oil prices bounced on political tensions between Tehran and Washington.
Santander to pay 1 billion euros to end insurance accord with Allianz Group
Spain’s largest lender Banco Santander said on Monday it will pay almost 1 billion euros ($1.1 billion) to end an agreement between Allianz and Banco Popular over the distribution of insurance products.
