Oil near 2014 highs on Iran tensions, Venezuela crisis
SINGAPORE (Reuters) – Oil markets were steady on Monday, with prices near late-2014 highs as a decision looms on whether the United States walks away from a deal with Iran and instead re-imposes sanctions on Tehran.
Asia shares lag Wall Street amid dollar strength
SYDNEY (Reuters) – Asian shares crept higher on Monday after a tame reading on U.S. wages lessened the risk of faster rate hikes by the Federal Reserve, although Sino-U.S. trade tensions and a looming deadline for the Iranian nuclear deal argued for ca…
Fed’s Quarles says paying ‘a lot’ of attention to spread of machine learning in finance
AMELIA ISLAND, Florida (Reuters) – Federal Reserve vice chair for supervision Randal Quarles said the central bank is in the early stages of studying how the expanding use of machine learning in the financial sector may change its regulatory approach, …
Australia’s ANZ removes sales incentives for financial planning bonuses
(Reuters) – Australia and New Zealand Banking Group Ltd said on Monday it would remove sales incentives for financial planning bonuses, in a move that comes amid intense scrutiny of Australia’s financial sector.
Activist investment rising in Asia, led by local players: JP Morgan
HONG KONG (Reuters) – Activist investing in Asia is rising steadily, driven more by local players rather than headline-grabbing foreign firms, as the region’s regulators pay greater attention to corporate governance, according to research from JP Morga…
Conoco moves to take over Venezuelan PDVSA’s Caribbean assets: sources
HOUSTON/CARACAS (Reuters) – U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, accor…
Spain’s Caixabank aims to de-list Portugal’s BPI
MADRID (Reuters) – Spanish lender Caixabank said on Sunday it has agreed to increase its majority stake in BPI and aims for a full takeover before de-listing the Portuguese bank.
Talks between Swiss Re and SoftBank close to collapsing: FT
ZURICH (Reuters) – Discussions between Swiss Re and SoftBank about the Japanese group potentially taking a stake in the reinsurer are faltering, the Financial Times reported on Sunday, quoting people close to the situation.
French government urges Air France to pursue reforms as strikes bite
PARIS (Reuters) – The French finance minister on Sunday raised the pressure on Air France managers and unions to resolve a stand-off over wages, saying the government would not ride to the carrier’s rescue as it grapples with worker strikes and a leade…
ZTE says asked U.S. Commerce Department to suspend business ban
BEIJING (Reuters) – China’s ZTE Corp has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday.
