Business & Finance News
NEW YORK (Reuters) – The planned exit of BHP Billiton Ltd from its U.S. shale business has drawn oil companies and private equity firms into a competition that may have no clear winner until late this year or early next year, according to people familiar with the negotiations.
SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) agreed to pay a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia’s financial intelligence agency.
SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks.
TOKYO (Reuters) – Asian shares rose to their highest level in two-and-a-half-weeks on Monday as strong U.S. jobs data offset worries that tariff wars between the United States and the rest of the world could drag on global economic growth.
SINGAPORE (Reuters) – Brent crude oil futures dipped for a second session on Monday, with prices coming under pressure from record U.S. output and expectations of higher OPEC supplies.
SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia’s financial intelligence agency.
SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018, citing rising fuel and labor costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks.
TOKYO (Reuters) – Asian shares edged up on Monday as strong U.S. jobs data offset worries that tariff wars between the United States and the rest of the world could drag global economic growth lower.
SINGAPORE (Reuters) – U.S. crude oil futures dipped for a third consecutive session on Monday, with prices coming under pressure from record U.S. output and expectations of higher OPEC supplies.
SYDNEY (Reuters) – Global airlines on Monday lowered their forecast for industry profits in 2018 by 12 percent due to the rising cost of fuel and labor as well as an upturn in the interest rate cycle.
BERLIN (Reuters) – Bayer launched a 6 billion euros ($7 billion) rights issue on Sunday, a cornerstone of the financing package for its planned $62.5 billion takeover of seeds maker Monsanto .
WASHINGTON (Reuters) – Trade frictions between the United States and Canada are a “family quarrel,” President Donald Trump’s economic adviser said on Sunday, brushing aside concerns expressed by Canadian Prime Minister Justin Trudeau as an overreaction.
BERLIN (Reuters) – Germany’s Angela Merkel has offered her most detailed response to French President Emmanuel Macron’s ideas for reforming Europe, seeking to avert a damaging rift with Paris at a time of high anxiety over Italy and growing transatlantic tensions.
BERLIN (Reuters) – Bayer’s planned $62.5 billion takeover of seeds maker Monsanto is set to close on Thursday, Germany’s Frankfurter Allgemeine Sonntags Zeitung reported.
RIYADH (Reuters) – OPEC and non-OPEC Arab oil ministers stressed the need for continued cooperation between oil producers who are part of a pact for a global supply cut that is due to expire at the end of 2018, Kuwait’s state news agency KUNA reported on Sunday.
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