Oil pulled two ways by economic slowdown, OPEC-led supply cuts
Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.
Shares in Deutsche Bank, Commerzbank up after merger talks confirmed
Shares in Deutsche Bank and its smaller German peer Commerzbank were indicated to open higher on Monday after the two lenders on Sunday confirmed merger talks.
Merger of Deutsche Bank, Commerzbank could cost 20,000 jobs: union chief
A merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the head of labor union Verdi said in a media interview on Monday, a day after the two banks confirmed they were discussing the possibility.
Walmart Japan’s new CEO: Seiyu ‘absolutely’ not for sale
The newly appointed chief executive of Walmart Inc’s Japanese supermarket chain Seiyu on Monday denied the business was up for sale, following reports last year that the U.S. retail giant was looking for a buyer.
Cathay Pacific says budget airline would serve ‘unique market segment’
Hong Kong’s Cathay Pacific Airways Ltd, in talks to buy low-cost carrier Hong Kong Express Airways, believes budget airlines have a “unique market segment” it does not capture at present, Chief Executive Rupert Hogg said on Monday.
New CEO of Walmart Japan and Seiyu says ‘not here to sell a business’
The newly appointed chief executive of Walmart Japan and Japanese supermarket chain Seiyu said on Monday he had no plan to sell the Japanese supermarket, following reports last year that Walmart was looking for a buyer.
Asia shares, bonds count on Fed to be accommodative
Asian shares pulled ahead on Monday while bonds were in demand globally on mounting speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week.
Ethiopia says crashed jet’s black boxes show similarities to Lion Air disaster
The crash of an Ethiopian Airlines plane that killed 157 people had “clear similarities” with October’s Lion Air crash, Ethiopia said on Sunday, shown by initial analysis of the black boxes recovered from the wreckage of the March 10 disaster.
Brexit crisis tipped for British asparagus as EU seasonal workers stay away
For almost 100 years, Chris Chinn’s family has farmed asparagus in the rolling hills of the Wye Valley in western England.
Ethiopia says crash black boxes show similarities to Lion Air accident
Ethiopia said on Sunday the crash of an Ethiopian Airlines plane that killed 157 people had “clear similarities” with October’s Lion Air crash, revealed by initial analysis of the black boxes recovered from the wreckage of the March 10 disaster.
