Business & Finance News
A potential merger between Deutsche Bank and rival Commerzbank does not signal a new wave of banking consolidation in Europe, the chairman of Italy’s biggest retail lender Intesa Sanpaolo said on Monday.
Shares in European payments technology companies such as Worldline, Ingenico and Wirecard all rose on Monday, buoyed by Fidelity National Information Services’s $35 billion takeover of Worldpay.
U.S. fintech group Fidelity National Information Services Inc (FIS) has agreed to buy payment processor Worldpay for about $35 billion, in the biggest deal to date in the booming payments industry.
Global stocks rose to their highest in five months and the dollar dipped on Monday as traders began to price in an accommodative stance from the U.S. Federal Reserve at its policy meeting this week.
General Motors Co built the final Chevrolet Cruze small car at its Lordstown, Ohio, assembly plant on March 6, despite demands from President Donald Trump, Ohio political leaders and the United Auto Workers union not to close the plant and leave nearly 1,500 workers laid off.
Chancellor Angela Merkel’s chief of staff said the government was looking into the issue of job cuts, after a workers’ union said that a merger of Deutsche Bank and its rival Commerzbank could result in 30,000 lost jobs.
China opposes politically motivated attempts to discredit its telecoms equipment makers on security grounds, the Chinese government’s top diplomat, State Councillor Wang Yi, said on Monday.
Global stocks rose to their highest in five months and the dollar dipped on Monday as traders began to price in an accommodative stance from the U.S. Federal Reserve at its policy meeting this week.
Mike Christensen strides among rows of gleaming steel tanks, pointing to pipelines that arrive from miles around to this corner of former farmland near Midland, Texas, the heart of the largest oil patch in the United States.
More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia that killed almost 350 people in all.
A merger of Deutsche Bank and its rival Commerzbank could result in as many as 30,000 job cuts over the long term, a representative of German union Verdi who is a Deutsche supervisory board member told n-tv broadcaster.
The external committee tasked with improving governance at Nissan Motor Co believes the firm can deepen ties with Renault SA without overhauling the broader alliance agreed nearly two decades ago, a person familiar with the matter said.
Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.
Shares in Deutsche Bank and its smaller German peer Commerzbank were indicated to open higher on Monday after the two lenders on Sunday confirmed merger talks.
A merger of Deutsche Bank and Commerzbank could put 20,000 jobs at risk, the head of labor union Verdi said in a media interview on Monday, a day after the two banks confirmed they were discussing the possibility.
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