Business & Finance News
The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said.
After strong gains last week, oil prices were slightly lower on Monday as data released in China reinforced signs that its economy is slowing, though progress in China-U.S. trade talks has supported prices.
Asian shares extended gains on Monday to hit a three-month high as risk assets got a fillip from hopes of a U.S.-China trade deal as soon as next month while the dollar marked time as focus shifts to a U.S. rate decision.
Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices.
Asian shares rose on Monday to a three-month high as risk assets got a fillip from hopes of a U.S.-China trade deal as soon as next month while the dollar marked time as focus shifts to a U.S. rate decision.
Warehouse giant Prologis Inc said on Sunday it had agreed to acquire rival industrial real-estate business Liberty Property Trust in a $12.6 billion deal to improve its U.S. presence amid the ecommerce boom.
Logistics company Prologis Inc said on Sunday it had agreed to acquire commercial real estate firm Liberty Property Trust in an all-stock deal valued at about $12.6 billion, including debt, to improve its presence in some U.S. markets.
The head of a U.S. Senate panel reviewing two catastrophic Boeing 737 MAX crashes told Reuters ahead of hearings this week that the plane would not return to U.S. skies until “99.9% of the American public” and policymakers are convinced it is safe.
Lazard said in a statement on Sunday it had appointed Louis Girodolle as chief executive officer of Lazard Investment Banking in France.
Brazil is determined to lure airlines to operate domestic flights in Latin America’s largest aviation market, and is taking meetings with at least three carriers, a senior government official told Reuters.
Microsoft Corp has won the U.S. Pentagon’s $10 billion cloud-computing contract, the Defense Department said on Friday, beating out favorite Amazon.com Inc .
Brazil is working to bring the Boeing 737 MAX airplane back to service “by the end of the year,” Civil Aviation Secretary Ronei Glanzmann said on Sunday.
UBS wants Iqbal Khan, co-head of its wealth management business, to drop his criminal complaint over a spying scandal that emerged after he left cross-town rival Credit Suisse , the SonntagsZeitung newspaper reported on Sunday.
China is studying the application of blockchain and artificial intelligence in cross-border financing with a focus on risk management, and will further liberalize its capital markets, a senior foreign exchange regulator said on Sunday.
Top representatives at IG Metall, Germany’s biggest union, will not approve a sale of Thyssenkrupp’s prized elevator division unless potential buyers give far-reaching concessions to employees, they said.
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