Broadcom offers to scrap exclusivity deals to end EU antitrust probe
U.S. chipmaker Broadcom has offered to scrap its exclusivity deals with TV and modem makers to end an EU antitrust investigation and stave off a possible hefty fine.
Scrutiny mounts on China’s Luckin Coffee as market regulator inspects
China’s top market regulator has launched an inspection into Luckin Coffee , joining the country’s securities watchdog in doing so as the coffee chain comes under scrutiny for fabricating millions of dollars worth of sales deals.
Nissan to slash Japan production by 70% in May, 43% in June: documents
Japan’s Nissan Motor Co Ltd will slash its domestic auto production plans by 70% in May and 43% in June, documents seen by Reuters show, as the impact of the coronavirus shakes the troubled automaker.
Oil prices skid on oversupply, storage concerns
Oil prices fell on Monday on concerns about scarce storage capacity and global economic doldrums from the coronavirus pandemic.
Allianz agrees bankassurance deal with BBVA: sources
German insurer Allianz has struck a deal to invest in the bancassurance business of Spanish lender BBVA , two sources close to the matter told Reuters, adding that an announcement could come as early as Monday.
Lufthansa, Air France-KLM shares rise on bailout progress
Shares in Air France-KLM and Lufthansa led European stock market gains on Monday on hopes that government bailouts would see them through the coronavirus crisis.
Shares gain as investors look to lockdown easing
Stock markets rallied on Monday as the Bank of Japan added more stimulus to cushion the impact of the coronavirus and investors cheered news more countries were easing lockdowns, though the oil price took another tumble with storage running short.
NMC Health requests delisting from LSE
Troubled hospital operator NMC Health said on Monday it requested its shares be delisted from the London Stock Exchange after they were suspended two months ago.
Australia’s NAB seeks $2.2 billion from investors, slashes dividend as virus halves profit
National Australia Bank Ltd asked investors for A$3.5 billion ($2.2 billion) and slashed its dividend to the lowest in almost three decades, as its first-half profit tumbled in part due to charges associated with the coronavirus pandemic.
Norwegian Air could soon run out of cash unless debt plan approved
Norwegian Air could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday.
