Business & Finance News
Aluminum giant Rusal said on Monday Jean-Pierre Thomas had resigned as chairman and director of the company as a pre-requisite for a decision by the United States to lift sanctions on the company.
Australia’s Qantas Airways Ltd on Monday said customers were requesting in-flight innovations such as exercise bikes and virtual reality relaxation to pass the time on proposed 20-hour non-stop flights from Sydney to London.
Asian stocks advanced on Monday as Wall Street rallied after a deal was announced to reopen the U.S. government following a prolonged shutdown that had shaken investor sentiment.
Saudi Aramco plans to buy up to 19.9 percent of South Korea’s Hyundai Oilbank for 1.8 trillion won ($1.61 billion) from Hyundai Heavy Industries Holdings , the holding company said in a regulatory filing on Monday, adding that the size of the deal could be subject to change.
China’s envoy to the European Union warned that excluding Chinese tech group Huawei could hamper new 5G mobile networks, the Financial Times on Sunday.
French President Emmanuel Macron said on Sunday he has expressed concern to Japanese Prime Minister Shinzo Abe over the prison conditions faced by former Renault boss Carlos Ghosn.
Tesco , Britain’s biggest supermarket chain, may cut thousands of jobs by closing in-store meat, fish and delicatessen counters and by replacing staff canteens with vending machines, the Mail on Sunday newspaper reported, citing industry sources.
France’s finance minister said on Sunday a severance package for former Renault chief Carlos Ghosn, forced to resign in a financial scandal, should not be “exorbitant” and that the French state would follow the matter closely.
When India introduced new bankruptcy resolution rules in 2016, government officials and investors said they expected debt-burdened state-owned banks to clear up some of their bad loans and create a dynamic market in restructured debt.
Malaysia’s securities regulator said on Saturday it was looking into the conduct of auditors of 1Malaysia Development Bhd (1MDB), a state fund that was wound up after losing billions of dollars in a scandal that erupted under the country’s previous government.
U.S. payments card company Mastercard Inc said on Friday it still plans to apply for a bankcard clearing license in China and was in “active discussions” to explore solutions.
China is fully confident that it is capable of keeping its economic growth rate within an appropriate range in 2019 in spite of challenges, state news agency Xinhua reported Chinese Premier Li Keqiang as saying on Friday.
Wells Fargo & Co Chief Executive Tim Sloan, in a CNBC interview on Friday, said he is the right person to run the company, in response to Senator Elizabeth Warren’s repeated calls for him to be fired after a 2016 scandal.
The U.S. economy lost at least $6 billion during the partial shutdown of the federal government due to lost productivity from furloughed workers and economic activity lost to outside business, S&P Global Ratings said on Friday.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
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