Airopack’s recapitalization plan collapsed as lenders including Apollo Global Management demanded repayment following the discovery of “inadequate sales and accounting practices”, the Swiss aerosol packaging maker said on Monday.
UBS has reorganized its pay policy for 10,000 back-office workers, Switzerland’s biggest lender said on Monday, changing how their bonuses are calculated.
When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared Kushner, Donald Trump’s son-in-law, eyebrows were raised in Doha.
World stock markets rose on Monday, as investors eyed the resumption of trade talks between the United States and China and watched for signs of progress on Brexit.
British financial industry lobby group TheCityUk has appointed HSBC Chairman Mark Tucker as chairman of its board, it said on Monday, replacing his Barclays counterpart John McFarlane who will step down on May 31.
China struck an upbeat note on Monday as trade talks resumed with the United States, but also expressed anger at a U.S. Navy mission through the disputed South China Sea, casting a shadow over the prospect for improved Beijing-Washington ties.
China hopes to see good results from trade talks with the United States, the country’s foreign ministry said on Monday, as the the latest round of negotiations began in Beijing.
Qatar’s Al Jazeera Media Network said on Monday it would partner with Bloomberg Media Distribution as part of a content license agreement to expand its global business news coverage.
(This February 9 story corrects share price movement in the fourth paragraph)
Asian shares barely moved on Monday as investors were unable to shake worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe haven dollar near a six-week top against major currencies.
Jessica Reznik likes IKEA’s prices but not do-it-yourself. So when the Swedish furniture giant said a handyman on odd-jobs site TaskRabbit could assemble her new dresser and nightstand in her New York apartment, she jumped at the offer.
Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy sour oil, traders and analysts said.
The head of Australia’s sovereign wealth fund criticized National Australia Bank Ltd on Monday for the double resignation of its CEO and chairman after a misconduct inquiry, saying it was “not good practice” for both to go at once.
Asian shares started the week on the backfoot as investors were unable to shake off worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe-haven dollar well bid near a six-week top against major currencies.
Asian shares started the week on the backfoot on Monday as worries about global growth, U.S. politics and the ongoing Sino-U.S. tariff war kept investors cautious, while the safe-haven greenback held near a six-week top against major currencies.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
