Dollar hovers near six-month lows amid U.S. political uncertainty
TOKYO (Reuters) – The dollar struggled to push ahead on Monday, holding near six-month lows against a basket of currencies as investors assessed the impact of U.S. political turmoil and a resurgent euro.
Oil up on expectations of extended, possibly deeper, output cut
LONDON (Reuters) – Oil prices rose on Monday, bolstered by confidence that top exporters will this week agree to extend supply curbs, with suggestions the cuts could even be deepened.
Europe stutters as political rumblings return
LONDON (Reuters) – European shares, the euro and the pound all stumbled on Monday as rumblings in Spain, Britain and Brussels reminded investors that the region still has plenty of political uncertainty left in the tank.
Loss-making Cathay Pacific makes biggest job cuts in 20 years
SYDNEY/SHANGHAI (Reuters) – Cathay Pacific Airways Ltd said on Monday it was cutting 600 jobs, its biggest headcount reduction in almost two decades, as it seeks to return to profitability in an industry battered by falling ticket prices.
Shareholders go to court seeking to oust Akzo chairman
AMSTERDAM (Reuters) – Akzo Nobel shareholders angered by the Dulux paint maker’s rejection of a 26.3 billion euro ($29.5 billion) takeover proposal from U.S. rival PPG Industries took their fight to an Amsterdam court on Monday.
Euro zone ministers eye Greek debt deal with IMF, new loans decision in June
BRUSSELS (Reuters) – Euro zone finance ministers failed to agree on debt relief for Greece with the International Monetary Fund on Monday and did not release new loans to Athens, but came close enough in talks to aim for both deals at their next meetin…
New Trump trade rep Lighthizer spars over protectionism in Asia
HANOI (Reuters) – In a stormy first foray abroad for Robert Lighthizer, the new U.S. Trade Representative disagreed over protectionism with Asian and Pacific countries that look skeptically at the Trump administration’s “fair trade” agenda.
Buffett’s Berkshire Hathaway set for growth through 2018: Barron’s
(Reuters) – Shares of Berkshire Hathaway , the conglomerate run by billionaire Warren Buffett, could see double digit gains over the next year and a half even if the legendary chairman and chief executive decides to retire, a report in Barron’s financi…
Renault, Peugeot commit to raise orders from troubled parts maker: ministry
PARIS (Reuters) – French car makers Renault and Peugeot have committed to increasing their orders from ailing components-maker GM&S Industry after their chief executives spoke with Economy Minister Bruno Le Maire, his ministry said on Sunday.
Boeing signs defense, commercial deals with Saudi Arabia
DUBAI (Reuters) – Boeing Co has signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft, the company said on Sunday during a visit by U.S. President Donald Trump to the kingdom.
