Stocks baulk at G20’s protectionism shift, dollar six-week low
LONDON (Reuters) – World stocks opened the week on a cautious footing on Monday after the G20’s decision to drop a pledge to avoid trade protectionism, while the U.S. Federal Reserve’s conservative rate guidance continued to push the dollar lower.
Oil drops on rising U.S. drilling, steady OPEC supply
SINGAPORE (Reuters) – Oil prices fell on Monday, with already-bloated markets pressured by rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts.
Albertsons held preliminary merger talks with Sprouts: Bloomberg
NEW YORK (Reuters) – Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc , Bloomberg reported on Sunday, citing people familiar with the situation.
Uber president Jeff Jones quits, deepening turmoil
SAN FRANCISCO (Reuters) – Ride services company Uber Technologies Inc has been thrust deeper into turmoil with the departure of company president Jeff Jones, a marketing expert hired to help soften its often abrasive image.
MoneyGram offers to give Euronet confidential info to firm up bid: sources
(Reuters) – U.S. electronic payments company MoneyGram International Inc has offered to share confidential information with peer Euronet Worldwide Inc , after the latter made a $1 billion acquisition offer, people familiar with the matter said.
Three votes down – now for the French
LONDON (Reuters) – Americans angry with their lot elected the anti-establishment Donald Trump despite a U.S. economy running at an annual rate of around 3.5 percent and unemployment at a meager 4.6 percent.
G20 trade wording considered a setback for export champion Germany
BADEN-BADEN (Reuters) – The failure of the world’s financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists s…
Piech Porsche SE stake may be sold by end May: Bild am Sonntag
FRANKFURT (Reuters) – A large Porsche SE stake owned by former Volkswagen chairman Ferdinand Piech may be bought by other members of the Porsche and Piech clans before May 30, German weekly Bild am Sonntag said.
Unilever prepares 6 billion pound sale of food brands: newspapers
LONDON (Reuters) – Unilever is preparing a 6 billion pound ($7.44 billion) sale of some of its food brands, British newspapers reported on Saturday.
VW CEO offices searched in Audi investigation: Bild am Sonntag
FRANKFURT (Reuters) – Munich prosecutors searched the offices of Volkswagen Chief Executive Matthias Mueller as part of an investigation into diesel emission test cheating at Audi, German weekly Bild am Sonntag said.
