Business & Finance News
The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Saturday.
Flights at New Jersey’s Newark Liberty International Airport resumed on Saturday after the airport closed its runways due to reports of a possible fire in the hold of a Boeing 737 cargo plane that was diverted there, officials said.
The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Sunday.
A Saudi court has approved an application by detained and indebted billionaire Maan al-Sanea and his company, Saad, to have their case resolved through the kingdom’s new bankruptcy law, the company’s financial adviser and two sources familiar with the matter told Reuters.
Walmart-owned British supermarket chain Asda said it will remove single kitchen knives from sale in all its stores by the end of April.
China hopes other countries do not abuse national security rules to impede normal investment, Vice Commerce Minister Qian Keming said on Saturday.
Chinese Vice Commerce Minister Wang Shouwen said on Saturday he expects stable foreign investment into the country this year despite more competition and higher labor costs.
China and the United States are still working day and night to achieve a trade deal that matches the interests of both sides and the hopes of the world, Chinese Vice Commerce Minister Wang Shouwen said on Saturday.
The Federal Reserve does not see problems in the U.S. economy that warrant an immediate change in its policy, and it will be careful not to shock financial markets as it stabilizes its bond portfolio, Fed Chair Jerome Powell said on Friday.
OxyContin maker Purdue Pharma LP and two other drugmakers on Friday lost a bid to delay a landmark trial set for May in a lawsuit by Oklahoma’s attorney general accusing them of helping fuel an opioid abuse and overdose epidemic in the state.
Signa Holding GmbH, Austria’s largest privately owned real estate company, will buy the iconic Chrysler Building in New York City in partnership with property firm RFR Holding LLC for about $150 million, people familiar with the matter said.
Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks although there is much work left to be done to reach a deal, White House trade adviser Clete Willems said on Friday.
The Federal Aviation Administration warned Southwest Airlines Co and a union representing its mechanics in a letter on Friday that their prolonged contract dispute could pose safety concerns.
The Federal Aviation Administration (FAA) warned Southwest Airlines Co and its mechanics union that their ongoing labor dispute threatens to damage the airline’s safety practices, the Wall Street Journal reported on Friday.
Power utility company PG&E Corp said on Friday it had submitted a report detailing how the company upgraded the safety of its gas pipelines to the California Public Utilities Commission.
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