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Updated: 4 years 21 weeks ago
UPDATE 1-Air Canada, Transat deal faces intense EU antitrust scrutiny
Air Canada's bid for
Canadian tour operator Transat AT Inc may result in higher
prices and less choice for flights between Europe and Canada, EU
antitrust regulators said on Monday as they opened a full-scale
investigation into the deal.
Categories: Business News
Intesa expected to approve state-backed loan for FCA -source
Italy's biggest retail bank Intesa
Sanpaolo is expected to give conditional approval at a
board meeting on Tuesday to a state-guaranteed $6.3 billion euro
three-year loan for Fiat Chrysler (FCA), a source
close to the matter said.
Categories: Business News
CANADA STOCKS-TSX opens higher on hopes of economic recovery
Canada's main stock index rose in early
trade on Monday as investors looked to an eventual economic
recovery from the coronavirus with more countries scaling back
lockdown measures.
Categories: Business News
EU antitrust regulators to investigate Air Canada, Transat deal
EU antitrust regulators opened
on Monday a full-scale investigation into Air Canada's
bid for Canadian tour operator Transat AT Inc, saying
that the deal may reduce competition on flights between Europe
and Canada.
Categories: Business News
UPDATE 3-Oil steadies as demand uncertainty tempers supply cuts
Oil prices, which have been
driven higher for the past four weeks, were steady on Monday,
with holidays in Singapore, London and New York dampening trade,
as rising concerns over demand recovery offset supply cuts.
Categories: Business News
GLOBAL MARKETS-German survey fuels stock gains, euro investors eye EU summit
Stocks gained modestly on Monday
after a survey showed German business morale rebounded in May,
while investors kept a close eye on escalating U.S.-China
tensions in a thin trading session.
Categories: Business News
UPDATE 3-With suitcase and bikini emojis, Spain urges tourists back from July
Categories: Business News
Brazil's BRF ends stock buyback program after purchasing 4,836,000 shares
Brazilian food company BRF SA
said in a securities filing on Monday it ended a
stock buyback program after purchasing 4,836,000 shares
representing 0.60% of its capital stock.
(Reporting by Ana Mano
Editing by Nick Zieminski)
Categories: Business News
Merkel won't allow EU to deprive Lufthansa of key slots - Handelsblatt
Chancellor Angela Merkel told
senior members of her party that the German government would not
allow the European Commission to deprive Lufthansa of
valuable take-off and landing slots at Frankfurt and Munich
airports, Handelsblatt reported.
Categories: Business News
UPDATE 2-Barrick pays Tanzania initial $100 mln after gold shipments resume
* Tax dispute between government and Barrick resolved in
January
(Recasts, adds detail, Barrick statement)
Categories: Business News
Talks on Lufthansa aid not concluded yet -ministry
Negotiations on a government
bailout for coronavirus-stricken airline Lufthansa are
in their last phase but have not been concluded yet, a
spokeswoman of the German economy ministry said on Monday.
Categories: Business News
Finland's new nuclear reactor start-up plan hit by valve leak
The long-delayed Finnish
Olkiluoto 3 nuclear reactor was hit by another set-back as
Finland's safety watchdog said on Monday that valve problems had
been found in its primary circuit, which is involved in the
cooling process.
Categories: Business News
CANADA STOCKS-TSX futures rise on optimism as economies reopen
Futures for Canada's main stock index
edged higher on Monday, in line with global markets, supported
by optimism over countries around the world continuing to ease
lockdown measures.
Categories: Business News
Brazil's Marfrig says 25 workers test positive for COVID-19 at beef plant
Brazilian meatpacker Marfrig
said 25 employees at its Várzea Grande unit, in Mato
Grosso state, tested positive for the novel coronavirus,
according to a statement sent to Reuters on Monday.
Categories: Business News
Latvia to launch Google-Apple friendly coronavirus contact tracing app
Latvia aims to become one of the
first countries to launch a smartphone app using a new toolkit
created by U.S. tech giants Apple and Alphabet's
Google to help trace coronavirus infections.
Categories: Business News
RPT-In China's auto market, worries grow that cashback deals and gifts presage damaging price war
Cashback
offers, up to 10 free oil changes, generous prepaid gasoline
cards - these are just some of the giveaways China's auto
dealerships are using to woo customers out and about after
spending much of February and March in lockdown.
Categories: Business News
GLOBAL MARKETS-Stocks gain as German survey fuels optimism; dollar firm
Stocks edged higher on Monday
after a survey showed German business morale rebounded in May,
boosting optimism around economic re-openings, although caution
prompted the dollar to snap a rare losing streak.
Categories: Business News
Barrick's Tanzania gold concentrate containers cleared for export
Gold concentrate
containers belonging to Barrick's Tanzania subsidiary
Twiga Minerals have been cleared for export, four months after
the government lifted an export ban imposed during a tax
dispute, a minerals ministry official told Reuters.
Categories: Business News
