Shortly after last year’s announcement of a $9.4 billion deal to combine the Sainsbury’s supermarket group that he runs with rival Asda, boss Mike Coupe was caught on camera singing “We’re in the money”.
GlaxoSmithKline plc Chairman Philip Hamptonwill step down after more than three and a half years in the role, the drugmaker announced on Monday.
French supermarket retailer Casino , which is in the process of divesting assets to cut debts, said on Monday it would sell 26 stores worth 501 million euros ($567 million) in the first half of 2019.
The European Central Bank holds its first meeting of the year on Thursday as concern grows about weak economic growth at home and risks abroad from global trade tensions and Brexit.
Nippon Life Insurance Co is actively seeking mergers and acquisitions overseas, with a focus on the United States and Asia’s emerging economies, the president of Japan’s largest life insurer said on Monday.
Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.
China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown.
The state of Western Australia said on Monday an audit had found global miner BHP Group underpaid royalties on iron ore shipments sold via its Singapore marketing hub stretching back over more than a decade.
Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade.
China’s primary aluminum output defied low prices to rise for a second straight month to a record high in December as falling alumina costs boosted margins, while 2018 annual output was also a record, official data showed on Monday.
Encouraging China’s banks to actively increase support for the real economy, rather than relying on authorities’ orders to boost lending, is the key to improving the supply of credit in the economy, a central bank official said on Monday.
Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a slowing economy last year.
China has ample room for macro policy support, Ning Jizhe, head of the National Bureau of Statistics said on Monday, after the world’s second-largest economy grew at the slowest pace since the global financial crisis in the fourth quarter of 2018.
Oil prices firmed on Monday after data showed China’s economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support.
Chinese oil refiners raised their output to a record in 2018, led by state-run oil majors which maximized operations on firm profit-margins and private refiners which increased processing after being granted higher crude import quotas.
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