Deutsche Bank merger talks with Commerzbank raise job fears, lift shares
Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel’s office and top shareholders on Monday after confirming merger talks.
Stock futures flat following best weekly rally of 2019; Boeing drags on Dow
The S&P 500 and Nasdaq were set for a muted open on Monday, coming off their strongest weekly jump this year, while investors waited for the Federal Reserve’s policy meeting later this week for further clues on the pace of interest rate hikes.
Apple launches 10.5-inch iPad, updates Mini ahead of March 25 event
Apple Inc in a surprise move on Monday launched a new 10.5-inch iPad Air and updated its 7.9-inch iPad Mini ahead of its March 25 event.
Global stocks rise, dollar slips as traders price in accommodative Fed stance
Global shares hit their highest levels in five months and the dollar dipped on Monday, as traders began to price in the likelihood of the U.S. Federal Reserve sticking to an accommodative stance at its policy meeting this week.
Oil edges above $67 as OPEC-led supply cuts support
Oil edged further above $67 a barrel on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs though concern that an economic downturn may dent fuel consumption curbed gains.
Britain’s Ocado to establish U.S. office in Washington D.C. area
British online supermarket Ocado plans to establish an office for its Ocado Solutions technology business in the Washington D.C. area of the United States, it said on Monday.
JPMorgan rolls out low-fee, checkless, no-overdraft accounts
Responding to calls for more bank services for low-income consumers, JPMorgan Chase & Co on Monday began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 a month and no minimum balance.
Ride-hail firm Lyft launches IPO road show in Uber’s shadow
Lyft Inc on Monday kicked off the investor road show for its initial public offering (IPO), seeking to woo money managers before its bigger ride-hailing rival Uber Technologies Inc makes its stock market splash in April.
U.S. fintech to buy Worldpay as electronic payments business booms
By Justin George Varghese, Rachel Armstrong and Pamela Barbaglia
Germany’s Bsirske ‘more than skeptical’ on Deutsche/Commerzbank merger
Frank Bsirske, chief of the Verdi labor union and a supervisory board member at Deutsche Bank, is “more than skeptical” about the prospect of a merger of that bank with Commerzbank, he said on Monday.
