Sainsbury’s-Asda tie-up not a done deal yet, experts warn
Shortly after last year’s announcement of a $9.4 billion deal to combine the Sainsbury’s supermarket group that he runs with rival Asda, boss Mike Coupe was caught on camera singing “We’re in the money”.
Data dependent? Five questions for the ECB
The European Central Bank holds its first meeting of the year on Thursday as concern grows about weak economic growth at home and risks abroad from global trade tensions and Brexit.
China’s 2018 growth slows to 28-year low, more stimulus seen
China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest level in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper …
Nissan’s Ghosn offers to wear electronic ankle tag for bail
Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.
Nippon Life president says actively exploring M&A in U.S.
Nippon Life Insurance Co is actively seeking mergers and acquisitions overseas, with a focus on the United States and Asia’s emerging economies, the president of Japan’s largest life insurer said on Monday.
Western Australia claims BHP owes up to $215 million in underpaid iron ore royalties
The state of Western Australia said on Monday an audit had found global miner BHP Group underpaid royalties on iron ore shipments sold via its Singapore marketing hub stretching back over more than a decade.
Asia keeps calm as China cools, Brexit news awaited
Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade.
China December aluminum production surges to record monthly high
China’s primary aluminum output defied low prices to rise for a second straight month to a record high in December as falling alumina costs boosted margins, while 2018 annual output was also a record, official data showed on Monday.
China should boost banks’ active support for economy: central bank official
Encouraging China’s banks to actively increase support for the real economy, rather than relying on authorities’ orders to boost lending, is the key to improving the supply of credit in the economy, a central bank official said on Monday.
Oil rises to 2019 highs on strong China demand despite economic slowdown
Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a slowing economy last year.
