Global airlines slash profit outlook as fuel costs jump
SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks.
Asian shares rise as upbeat U.S. jobs data offsets trade worries
TOKYO (Reuters) – Asian shares rose to their highest in two-and-a-half-weeks on Monday as strong U.S. jobs data offset worries that tariff wars between the United States and the rest of the world could retard global economic growth.
Crude oil prices ease on record U.S. output, higher OPEC supplies
SINGAPORE (Reuters) – Brent crude oil futures dipped for a second session on Monday, with prices coming under pressure from record U.S. output and expectations of higher OPEC supplies.
Australia’s CommBank accepts record penalty in money-laundering case
SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia’s financial intelligence agency.
Airlines slash profit forecast, citing fuel, labor, trade tension
SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018, citing rising fuel and labor costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks.
Asian shares gain as upbeat U.S. jobs data offsets trade worries
TOKYO (Reuters) – Asian shares edged up on Monday as strong U.S. jobs data offset worries that tariff wars between the United States and the rest of the world could drag global economic growth lower.
U.S. crude eases for third day on expectations of higher supplies
SINGAPORE (Reuters) – U.S. crude oil futures dipped for a third consecutive session on Monday, with prices coming under pressure from record U.S. output and expectations of higher OPEC supplies.
Global airlines cut profit forecast as fuel, labor costs bite
SYDNEY (Reuters) – Global airlines on Monday lowered their forecast for industry profits in 2018 by 12 percent due to the rising cost of fuel and labor as well as an upturn in the interest rate cycle.
Bayer launches $7 billion cash call to fund Monsanto deal
BERLIN (Reuters) – Bayer launched a 6 billion euros ($7 billion) rights issue on Sunday, a cornerstone of the financing package for its planned $62.5 billion takeover of seeds maker Monsanto .
Trump aide says Canada’s Trudeau overreacting to trade dispute
WASHINGTON (Reuters) – Trade frictions between the United States and Canada are a “family quarrel,” President Donald Trump’s economic adviser said on Sunday, brushing aside concerns expressed by Canadian Prime Minister Justin Trudeau as an overreaction…
