Representatives from Britain’s biggest union Unite and Nissan are meeting on Monday after the Japanese carmaker scrapped plans to build its next-generation X-Trail model at its Sunderland plant in northern England.
Nasdaq’s bid for Norwegian stock market operator Oslo Bors VPS is better for the country’s capital market as well as for companies listed on the exchange than the rival offer made by Euronext, Oslo Bors CEO said on Monday.
World stocks remained near two-month highs on Monday with the dollar and oil chalking up gains, though some European bourses struggled as momentum from last week’s U.S. employment and manufacturing data bounce started to fade.
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”.
The unlikely combination of freshwater fish and cannabis is producing outsized medical marijuana crops that Green Relief Inc aims to capitalize on, as the Canadian company plots a stock market listing and global expansion.
Julius Baer plans to axe 130-140 jobs, or around 2 percent of its workforce, as part of a cost-cutting plan announced on Monday, after a tough end to 2018 caused the Swiss private bank to scale back growth targets.
(This January 7 story corrects headline to clarify four senior executives are leaving the company, not its four top executives.)
The U.S. Treasury believes it can curb the influence of Oleg Deripaska over aluminum giant Rusal despite concerns the Russian oligarch may still be able to pull the strings of his business empire from behind the scenes.
Australia’s corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector recommended by a high-powered independent inquiry into financial sector greed and malpractice.
A powerful public inquiry into Australia’s finance industry referred 24 instances of bad corporate behavior to regulators for possible prosecution but did not suggest any individuals be criminally prosecuted in its final report released on Monday.
Australian Treasurer Josh Frydenberg on Monday said the final report of a wide-scale inquiry into the banking system would end uncertainty hanging over an industry that was “a key artery” of the economy through the provision of credit.
Asia stocks hovered near four-month highs on Monday after a mixed performance on Wall Street at the close of last week, while the dollar firmed against the yen following strong U.S. employment and manufacturing data.
Wirecard on Monday said that an external law firm it brought in to investigate actions by a member of its finance team in Singapore made no conclusive findings of criminal misconduct by any employee of the company.
Australia’s corporate regulators will be subjected to a new oversight body in a shake-up of the banking sector designed to combat the excessive greed and unethical practices that have engulfed some of the country’s biggest financial institutions.
Australia’s corporate and prudential regulators must undergo regular, rigorous assessments under an independent oversight body, a powerful review of the country’s banking sector recommended in its long-anticipated final report on Monday.
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