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- G20 nerves hit Europe stocks; dollar slips to three-month low
Mon, 24 Jun 2019 08:09:16 -0400
European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week's G20 meeting and fears of an escalation in Iran tensions flared up.
- Futures edge higher with trade talks in focus
Mon, 24 Jun 2019 08:01:56 -0400
U.S. stock index futures edged higher on Monday, with investors hoping that the upcoming U.S.-China trade talks will help de-escalate a trade war that is damaging the global economy.
- Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion
Mon, 24 Jun 2019 07:59:08 -0400
Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts.
- Danske Bank ousts former interim CEO after customers overcharged
Mon, 24 Jun 2019 07:48:09 -0400
Danske Bank has dismissed its former interim chief executive Jesper Nielsen after customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender.
- China says both U.S., China should make compromises in trade talks
Mon, 24 Jun 2019 07:47:21 -0400
Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and U.S. presidents at this week's G20 summit in Japan.
- Bristol to divest Celgene's psoriasis treatment in FTC clearance push
Mon, 24 Jun 2019 07:45:54 -0400
Bristol-Myers Squibb Co said on Monday it would divest Celgene Corp's psoriasis treatment Otezla as the companies look to gain approval for their $74 billion deal from the U.S. Federal Trade Commission (FTC).
- Daimler slumps as diesel costs wipe out profit growth
Mon, 24 Jun 2019 07:40:33 -0400
Daimler shares fell as much as 5% on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying it was setting aside hundreds of millions of euros to cover a regulatory crackdown on diesel emissions.
- China's assistant foreign minister says global community sees harm from protectionism
Mon, 24 Jun 2019 07:36:10 -0400
China's Assistant Minister of Foreign Affairs Zhang Jun said on Monday that the international community recognizes harm from protectionism, and that China will safeguard its fundamental interests.
- FedEx confirms Huawei mail ban as new 'mistake' reignites Chinese ire
Mon, 24 Jun 2019 07:12:59 -0400
FedEx Corp has apologized for another Huawei delivery "mistake", reigniting Chinese ire and drawing the fire of state media which suggested the U.S. delivery firm could end up on China's upcoming list of companies that harm national interests.
- Oil extends gains on U.S.-Iran tensions
Mon, 24 Jun 2019 06:50:01 -0400
Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran.
- Lufthansa announces overhaul of budget carrier Eurowings
Mon, 24 Jun 2019 06:08:05 -0400
Lufthansa on Monday announced a turnaround plan for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15% cut in costs by 2022 in the hope of returning to profit.
- Bitcoin tests 15-month highs after 10% weekend jump
Mon, 24 Jun 2019 05:54:35 -0400
Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.
- Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault
Mon, 24 Jun 2019 05:41:58 -0400
Nissan Motor shareholders are widely expected to back Chief Executive Hiroto Saikawa at an annual general meeting on Tuesday, extending his tumultuous tenure at an automaker shaken by scandal and the loss of trust with alliance partner Renault.
- Outlook uncertain for Japan's whaling industry despite commercial restart
Mon, 24 Jun 2019 05:19:09 -0400
When Yachiyo Ichihara was a child in Wada, one of Japan's oldest whaling villages, she'd go down to the harbor with a bucket and carry it home full of freshly butchered whale meat.
- Explainer: What's behind Japan's support of whaling?
Mon, 24 Jun 2019 05:19:09 -0400
Japan has for decades been steadfastly defiant about hunting whales despite widespread anger, including from key allies like the United States.
- Raw, fried or on a bun: the many ways Japan eats whale
Mon, 24 Jun 2019 05:19:09 -0400
Whale cutlets, sliced raw whale, deep-fried whale nuggets, whale bacon and whale jerky feature on the menu at the restaurant Yoko Ichihara runs - and that's just a small sample of the ways Japan eats whale.
- U.S. regulators ask Deutsche Bank to explain 'bad bank' proposal: FT
Mon, 24 Jun 2019 05:17:52 -0400
U.S. regulators have sought explanation from Deutsche Bank AG about its "bad bank" proposal and its impact on U.S. operations at the loss-making German lender, the Financial Times reported on Monday.
- Eldorado Resorts clinches $18 billion cash and stock deal for Caesars: sources
Mon, 24 Jun 2019 03:47:08 -0400
U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a cash and stock deal that values its peer at about $18 billion including debt, people familiar with the matter said on Sunday.
- China says FedEx should offer a proper explanation on Huawei
Mon, 24 Jun 2019 03:45:12 -0400
China's foreign ministry said on Monday that FedEx Corp should offer a proper explanation, after the firm apologized for refusing to ship a Huawei Technologies phone sent from Britain to the United States.
- Nomura shareholders vote to keep embattled CEO
Mon, 24 Jun 2019 03:05:00 -0400
Japan's Nomura Holdings Inc won shareholder approval on Monday for the re-appointment of its chief executive officer, overcoming concerns about the leaking of market information and its first annual loss in a decade.