Airopack’s debt revamp collapses, cites accounting issues
Airopack’s recapitalization plan collapsed as lenders including Apollo Global Management demanded repayment following the discovery of “inadequate sales and accounting practices”, the Swiss aerosol packaging maker said on Monday.
UBS revamps compensation scheme for 10,000 staff
UBS has reorganized its pay policy for 10,000 back-office workers, Switzerland’s biggest lender said on Monday, changing how their bonuses are calculated.
Qatar revamps investment strategy after Kushner building bailout
When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump’s son-in-law, eyebrows were raised in Doha.
World stocks gain as investors eye trade talks, Brexit
World stock markets rose on Monday, as investors eyed the resumption of trade talks between the United States and China and watched for signs of progress on Brexit.
China upbeat on U.S. trade talks, but South China Sea tensions weigh
China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties.
UK financial lobby group TheCityUk names HSBC’s Tucker as chairman
British financial industry lobby group TheCityUk has appointed HSBC Chairman Mark Tucker as chairman of its board, it said on Monday, replacing his Barclays counterpart John McFarlane who will step down on May 31.
China says hopes to see good results from U.S. trade talks
China hopes to see good results from trade talks with the United States, the country’s foreign ministry said on Monday, as the the latest round of negotiations began in Beijing.
Al Jazeera partners with Bloomberg to expand business coverage
Qatar’s Al Jazeera Media Network said on Monday it would partner with Bloomberg Media Distribution as part of a content license agreement to expand its global business news coverage.
Credit Suisse investment bank won’t shrink more: chairman
(This February 9 story corrects share price movement in the fourth paragraph)
Asian shares search for direction as U.S.-China trade talks begin
Asian shares barely moved on Monday as investors were unable to shake worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe haven dollar near a six-week top against major currencies.
