U.S. regional bank Cadence offers more shares to buy State Bank
Regional lender Cadence Bancorp said on Monday it will offer 4.3 million additional shares to buy State Bank Financial Corp in a deal valued at $849 million, well below the $1.4 billion it offered in May.
Brent crude inches up, but concern over demand limits gains
Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the United States, the world’s largest producer, although concern about the outlook for demand tempered gains.
Markets far from merry as stock losses extend into seventh day
World stocks were set for their seventh straight day of losses on Monday, as investors nervy about the possibility of a prolonged U.S. government shutdown and a worsening global economy opted for the safety of bonds and gold.
Hyundai sees Russia auto market growth slowing in 2019
South Korea-based carmaker Hyundai Motor Co. expects growth in the Russian auto market to slow sharply next year, the head of its Russian branch said on Monday.
Brent crude edges up, but concern over demand limits gains
Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the United States, the world’s largest producer, although concern about the outlook for demand tempered gains.
AXA’s Swiss employees mistakenly get double December pay
French insurer AXA’s 4,300 Swiss employees mistakenly got double their normal December salaries in a Christmas surprise that quickly fell flat when they learned they would not be allowed to keep the extra cash.
Oil rises on signs recent low prices crimping U.S. output; but economic worries weigh
Oil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States, currently the world’s biggest crude producer, though concerns about the global economy continued to weigh.
Bike-sharing firm Ofo’s dramatic fall a warning to China’s tech investors
On the sidewalks of Shanghai and Beijing, once bright-yellow Ofo bicycles lie in varying states of disrepair – chains unhooked, wheels buckled and paint starting to fade – reflecting the quick rise and sharp fall of the Chinese bike-sharing startup.
South Korea to file complaint against BMW for ‘delayed’ response to engine fires
South Korea’s transport ministry said it would file a complaint against German luxury carmaker BMW with prosecutors for allegedly delaying recalls and concealing defects that led to several engine fires in the country this year.
Oil rises on signs low prices crimping U.S. output though economic worries weigh
Oil prices rose more than 1 percent on Monday on signs that the recent price plunge may start crimping supply from the U.S., currently the world’s biggest oil producer, though concerns about global economy continues to weigh.
