Business & Finance News
Israeli Prime Minister Benjamin Netanyahu hailed on Monday what he called U.S. President Donald Trump’s courageous decision in reimposing U.S. sanctions on Iran.
Citigroup Inc named Philip Drury to run its London-based banking, capital markets and advisory business across Europe, the Middle East and Africa, according to a memo seen by Reuters.
The top echelons of Goldman Sachs Group Inc’s investment bank hosted a dinner over the summer with the representatives of almost 20 private equity firms at Manhattan’s Legacy Records restaurant.
The United States reintroduced sanctions against Iranian oil on Monday while giving some of Washington’s closest allies exemptions that allow Tehran’s biggest customers, mostly in Asia, to keep buying crude for now.
U.S. stock index futures were little changed on Monday, with little impetus moving markets as election campaigns heat up ahead of crucial U.S. midterm elections and a Federal Reserve meeting this week.
An unprecedented boom in the $280 billion aircraft finance industry is showing signs of faltering as rising interest rates, cut-rate competition and higher oil prices trigger a shakeout in a sector that has attracted a flood of Chinese funding.
Home improvement retailer Lowe’s Cos Inc said on Monday it would close 20 underperforming stores in the United States and 31 in Canada as part of a restructuring program.
Verizon Communications Inc said on Monday it will reorganize its business segments into Consumer, Business and Verizon Media Group/Oath.
World stocks slipped on Monday, halting a four-day recovery rally as anxiety surrounding global trade conditions and rising U.S. interest rates dampened risk appetite.
Iranian Foreign Minister Mohammad Javad Zarif said on Monday that new U.S. sanctions were “backfiring”, making Washington more isolated, not the Islamic Republic.
Iran said it would defy U.S. sanctions reimposed on it by Washington on Monday, denouncing as “economic war” the U.S. attempt to curb Tehran’s missile and nuclear programs and weaken its influence in the Middle East.
Germany is convinced that it should enable legal business relations with Iran and is checking how to protect companies affected by sanctions reimposed on Iran by Washington, a government spokesman said on Monday.
Brazilian planemaker Embraer SA said on Monday American Airlines has placed a firm order for 15 E175 jets, a contract valued at $705 million, according to a securities filing.
The United States reintroduced sanctions against Iranian oil on Monday while giving some of Washington’s closest allies exemptions that allow Tehran’s biggest customers, mostly in Asia, to keep buying crude for now.
Switzerland is holding talks with the United States and Iran about launching a humanitarian payment channel to help ensure food and drugs keep flowing to the Islamic Republic as Washington re-imposes economic sanctions, the government said.
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