Verizon, unions agree to pay raises, new jobs to end strike
(Reuters) – A tentative deal between Verizon Communications Inc and leaders of striking unions includes 1,400 new jobs and pay raises topping 10 percent, the company and unions representing about 40,000 workers said on Monday, hoping to end a walkout …
Goldman Sachs raises odds of China share inclusion in MSCI indexes to 70 percent
HONG KONG (Reuters) – Goldman Sachs has increased the probability that MSCI will include mainland Chinese shares in its indexes to 70 percent,
Mondelez to create more apps, online videos in advertising shift
(Reuters) – Oreo cookie maker Mondelez International Inc’s “Twist, Lick, Dunk” mobile application has been such a success that the snack company plans to roll out similar games in a move away from traditional advertising to create its own content.
Alibaba tells vendors to halt drug sales online, cites government rule change
SHANGHAI (Reuters) – Chinese e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine, saying a local regulator has issued an “urgent” directive halting drug sales via third-party platforms.
Fed’s Bullard says global markets seem well-prepared for summer rate hike
SEOUL (Reuters) – St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be “well-prepared” for a summer interest rate hike from the Fed, although he did not specify a date for the policy move.
Fed, China fears force investors to check out of Asia
SINGAPORE (Reuters) – Having dumped Asian shares on resurgent worries about China’s economy, the specter of more aggressive U.S. interest rate rises is now forcing global investors to sell the region’s bonds and currencies.
Airbus sales chief sees room to raise A320 production
HAMBURG (Reuters) – Airbus’ sales chief says production rates of the best-selling A320 jet could be raised further, depending on demand, but no decision needed to be taken soon.
European shares climb, dollar firms on Fed hike expectations
NEW YORK (Reuters) – European shares reached a four-week high on Monday and the dollar index touched a two-month peak as investors braced for an interest rate hike from the U.S. Federal Reserve.
Air France-KLM in talks to sell stake in catering unit to China’s HNA
PARIS (Reuters) – Air France-KLM is entering exclusive negotiations with China’s HNA Group to sell a stake in its catering business Servair, the Franco-Dutch airline group said on Monday.
Oil prices edge higher in thin trade; OPEC eyed
(Reuters) – Oil prices inched up toward $50 a barrel on Monday, although uncertainty ahead of an OPEC producer-group meeting later in the week was expected to cap gains.
