Talks on sale of Air Berlin planes to easyJet at risk of collapse: report
BERLIN (Reuters) – Talks between the insolvent carrier Air Berlin and easyJet over the sale of up to 30 planes are at risk of falling apart, according to a report in Germany’s B.Z. newspaper on Monday.
Boeing helped finance bailout of Monarch Airlines in 2016: FT
(Reuters) – Boeing Co had pumped in more than 100 million pounds ($130 million) into Britain’s Monarch Airlines [MONA.UL] which collapsed last week, the Financial Times reported on Monday.
Exclusive: Honeywell prepares to spin off businesses – sources
(Reuters) – Honeywell International Inc plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter.
Saudi Aramco eyes joint venture deal in India by next year: CEO
NEW DELHI (Reuters) – State-run oil giant Saudi Aramco [IPO-ARMO.SE] is in talks with several Indian refiners and hopes to land a joint venture deal by next year, the company’s chief executive told Reuters on Sunday.
Extraordinary steps may be needed in 2018 to rebalance oil market: OPEC’s Barkindo
NEW DELHI (Reuters) – OPEC and other oil producers may need to take “some extraordinary measures” next year to rebalance the oil market, the OPEC secretary-general said on Sunday.
Chief of Credit Agricole expresses interest in Commerzbank: report
FRANKFURT (Reuters) – Credit Agricole’s chief, Philippe Brassac, has expressed interest in Commerzbank if the German lender were to be up for sale, according to an interview with the Handelsblatt newspaper.
OPEC, others may take some extraordinary measures in 2018 to rebalance oil market: Barkindo
NEW DELHI (Reuters) – The Organization of the Petroleum Exporting Countries and major producing nations may take “some extraordinary measures” next year to rebalance the oil market, OPEC Secretary General Mohammad Sanusi Barkindo said on Sunday.
Fed must hike rates in face of hot U.S. labor market: Rosengren
MONTREAL (Reuters) – The Federal Reserve must respond to “very tight” U.S. labor markets by gradually raising interest rates or risk halting the economic recovery, a hawkish Fed official said on Saturday.
Zurich’s Greco says nearly halfway to 2019 goal to cut costs: NZZ
ZURICH (Reuters) – Zurich Insurance will have cut costs by $700 million by the end of the year, nearly halfway to its goal to save $1.5 billion by 2019, Chief Executive Mario Greco said in an interview published on Saturday.
La Caixa foundation to move HQ from Catalonia to Mallorca
MADRID (Reuters) – La Caixa Banking Foundation, which manages the holding company which controls Caixabank , said on Saturday it will move its headquarters to Palma de Mallorca for as long as political upheaval in Catalonia continues.
