Barclays to keep Swiss private banking growth momentum in 2019
Britain’s Barclays expects to have grown its Swiss private banking business by more than 10 percent this year and is looking to expand further in Switzerland in 2019.
Hoarding for Brexit sparks race for warehouse space in Britain
In a vast warehouse complex 40 miles north of London, staff are wrestling with ways to cram in more goods after a surge in demand from companies building stockpiles ahead of Brexit.
AIG hit with $750 million to $800 million in fourth-quarter catastrophe losses: CEO
American International Group Inc has racked up an estimated $750 million to $800 million in catastrophe losses so far during the 2018 fourth quarter, its chief executive officer said on Wednesday.
Unilever’s Polman calls for trust in farewell message
Unilever boss Paul Polman, quitting months after shareholders scuppered his plan to base company headquarters in the Netherlands, signed off with a typical mixture of advice and philosophy in his last message to investors.
Takeda clears key hurdle as investors back $59 billion Shire deal
Takeda Pharmaceutical has won shareholder approval for its $59 billion takeover of London-listed Shire , creating a global powerhouse that has a stronger drugs pipeline but is also saddled with massive debt.
Oil rises before OPEC meeting, gains capped by oversupply concerns
Oil rose on Wednesday ahead of a meeting of the world’s biggest exporters who will discuss cutting output to help shore up prices and curb excess supply.
Russia’s Gazprom Neft sticking with plan to raise oil output in 2019
Russian oil producer Gazprom Neft will keep its plan to raise oil output by 50,000 barrels per day in 2019 regardless of the outcome of talks between OPEC and other oil producers, Alexander Dyukov, the company’s head, said on Wednesday.
JP Morgan targets mid-sized firms in challenge to European banks
Thumbing through a thick binder detailing European mid-sized and family-owned firms, JP Morgan’s Doug Petno has his sights set on a business Europe’s banks have kept to themselves.
OPEC, allies could cut oil output by reverting to 2016 quotas: TASS
OPEC and its allies led by Russia are discussing the idea of cutting oil output next year by reverting to production quotas agreed in 2016, Russia’s TASS news agency reported on Wednesday,
Petrobras plans to raise $26.9 billion with asset sales, partnering
Brazilian state-run oil company Petroleo Brasileiro SA plans to raise some $26.9 billion via asset sales and partnerships by 2023 while boosting investments on the front edge of an anticipated production boom in Brazil.
