Month: October 2018

PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday.

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Oil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies.

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French food group Danone expects to triple the size of its plant-based business to 5 billion euros ($5.75 billion) by 2025 as it pushes further into the field of healthy eating trends.

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Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s Magneti Marelli for 6.2 billion euros ($7.1 billion) to form the seventh-largest independent car parts supplier.

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Several global banks including Citigroup and Standard Chartered have asked their private banking staff to postpone or reconsider travel to China after authorities there prevented a UBS banker from leaving the country, sources said.

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Marlboro cigarette maker Philip Morris International drew accusations of hypocrisy on Monday after using a four-page newspaper advertisement to urge smokers to quit cigarettes.

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The head of Telefonica Deutschland called on Monday for EU regulators to block Vodafone’s planned acquisition of Liberty Global, saying it would lead to a “quasi-monopolisation” of the German cable TV market.

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European shares crept higher on Monday on relief over Italy’s budget, tracking rallies in Asia markets after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs.

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SoftBank Group Corp’s Chief Operating Officer Marcelo Claure will not be attending the Saudi Arabia investment conference this week, Bloomberg reported on Monday, citing a person familiar with the matter.

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Oil edged above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies.

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European shares gained on Monday amid relief over Italy’s budget, following rallies in Asia after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs.

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Sony Corp has not offered concessions to European Union antitrust regulators reviewing its $2.3 billion offer for control of EMI to become the world’s largest music publisher, the European Commission website showed on Monday.

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European shares gained on Monday amid relief over Italy’s budget, following rallies in Asia after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs.

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The chief executive of Philips said on Monday he was worried about the lack of progress on a deal over the terms of Britain’s exit from the European Union, and warned that a no-deal Brexit would jeopardize the country’s position as a manufacturing hub.

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Japan’s government on Monday told U.S. technology firm Facebook Inc to better protect its users’ personal data following lapses this year affecting tens of millions of people globally.

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