Glencore’s head of oil, Alex Beard, retires amid U.S. probes
Glencore’s head of oil, Alex Beard, who helped make the firm one of the world’s top three oil trading houses, will retire this month, the company said on Monday in yet another management shake-up amid U.S. probes into its activities.
Infineon digs deep to buy Cypress in $10 billion deal
Infineon has agreed to buy Cypress Semiconductors in a deal that values the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion) including debt, sending shares in the German company sharply lower on concerns o…
Goldman Sachs arm to buy Capital Vision Services
Goldman Sachs Group Inc said on Monday that West Street Capital Partners VII, a fund managed by the company’s merchant banking unit, will acquire Capital Vision Services LP, to bolster their portfolio in the healthcare services sector.
Oil prices steady, caught between Saudi supply reassurances and trade fears
Oil prices held steady on Monday following last week’s heavy losses, as deepening U.S. trade wars fanned fears of a global economic slowdown but top oil exporter Saudi Arabia sought to calm markets.
Global recession fears grow as factory activity shrinks
Factory activity slowed in the United States, Europe and Asia last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers to step up support.
Bonds ‘on fire’ as flight to safety gathers momentum
A stampede to safety sent benchmark government bond yields tumbling on Monday, hoisted the Swiss franc to its highest in nearly two years, gold to a 10-week peak and left oil heading for bear market territory.
Korean Air CEO says ownership discussions are ongoing after patriarch’s death
Korean Air Lines Co Ltd’s chief executive on Monday said ownership discussions are ongoing with family members after their patriarch’s sudden death in April raised questions about the future of the airline and parent Hanjin Group.
Azerbaijan cancels $1 billion contract with Boeing for safety reasons
Azerbaijan airline AZAL has canceled a $1 billion contract with Boeing to purchase 10 737 MAX jets, a spokesman said on Monday, following the fatal crashes involving the aircraft in Ethiopia and Indonesia.
Glencore head of oil Beard retires amid U.S. probes
Glencore’s long-serving head of oil, Alex Beard, who helped make the firm one of the world’s top three oil trading houses, will retire this month, the company said on Monday as it faces mounting U.S. probes into its activities.
Thyssenkrupp shares fall near 16-year low
Thyssenkrupp shares extended their losses on Monday and fell to their lowest levels in almost 16 years.
