Germany is facing a budget shortfall of around 25 billion euros ($29 billion) by 2023 as an economic slowdown means tax revenues will come in below previous estimates, a Finance Ministry document obtained by Reuters showed.
Business messaging service Slack Technologies Inc said on Monday it had confidentially applied for an initial public offering with the U.S. Securities and Exchange Commission (SEC).
A U.S. plan to hike tariffs on China next month could trigger an economic downturn and let other countries take over about $200 billion of China’s exports, a study by the U.N. trade and development agency UNCTAD said on Monday.
Danish logistics company DSV’s $4 billion-plus bid for Panalpina hit a roadblock on Monday when the Swiss freight forwarder’s top shareholder rejected the offer, saying Panalpina should stick to its own “consolidator strategy”.
New orders for U.S.-made goods unexpectedly fell in November amid sharp declines in demand for machinery and electrical equipment, government data showed on Monday, suggesting a slowdown in manufacturing as 2018 ended.
U.S. stocks edged higher on Monday boosted by technology shares ahead of Alphabet’s results after the bell, but declines in healthcare and energy stocks kept gains in check.
Smart & Final Stores Inc, a U.S. food retailer controlled by private equity firm Ares Management Corp, is exploring options that include a sale of the company, according to people familiar with the matter.
The U.S. dollar gained for a third straight session against a basket of currencies and U.S. Treasury yields rose on Monday as investors sought to zero in on the path of interest rates, while oil prices pulled back from two-month highs.
Volkswagen AG unit Electrify America said on Monday it will install Tesla Inc battery storage packs at more than 100 charging stations across the United States to keep costs down for drivers charging electric vehicles.
Standard & Poor’s left its ratings on Deutsche Bank unchanged on Monday but said that raising its profitability is the biggest hurdle for Germany’s largest lender.
U.S. stocks treaded water on Monday as a tech boost was offset by declines in energy companies, as investors wait for Alphabet’s results after the bell following mixed earnings from other FAANG stocks.
Britain promised Nissan up to 80 million pounds ($104 million) of support and offered Brexit-related assurances to help secure a major investment from the Japanese carmaker in 2016, according to a well-guarded letter released on Monday.
Hedge fund Starboard Value LP has taken a $200 million stake in Papa John’s International Inc after the No. 3 U.S. pizza chain rejected a similar offer from the company’s founder, John Schnatter, according to the company and a regulatory filing.
U.S. stocks opened little changed on Monday as investors took a wait-and-see stance after an earnings-heavy week which included strong U.S. jobs growth data, with Alphabet’s results expected after the bell.
Papa John’s International Inc’s founder John Schnatter said on Monday the pizza chain rejected an investment offer of up to $250 million from him.
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