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Updated: 4 years 21 weeks ago
UPDATE 1-Bayer says it makes progress in settlement talks over weedkiller
Bayer said on
Monday it had made progress seeking a settlement over claims its
glyphosate-based Roundup weedkiller causes cancer, after
Bloomberg reported the company reached a verbal agreement on
about 50,000 to 85,000 cases.
Categories: Business News
Nordic Capital to buy Swedish insurer Max Matthiessen from Willis Towers Watson
Private equity firm Nordic
Capital said on Monday it was buying the Swedish insurer and
financial advisor Max Matthiessen, in a bid to scale up the
insurer's operations and target future investment opportunities.
Categories: Business News
METALS-Shanghai copper slips for second day as U.S.-China tensions simmer
Shanghai copper prices fell for
a second day on Monday, as investors focused on tensions between
the United States and top metals consumer China, whose annual
parliament meeting continues this week, and as supply
constraints eased.
While copper stocks in Shanghai Futures Exchange warehouses
dropped at the fastest rate in nearly eight months last week,
China's copper consumption is weakening as a backlog of factory
orders clears
Categories: Business News
UPDATE 1-French crisis measures have cost 450 bln euros, finance minister says
French government measures to prop
up the economy through the coronavirus crisis have cost 450
billion euros ($490 billion), the equivalent of 20% of gross
domestic product, the finance minister said on Monday.
Categories: Business News
European shares rise in thin trading, Bayer jumps
European shares rose in thin trading on
Monday, as optimism over reopening of countries and signs of
more stimulus for the battered euro zone economy helped
sentiment.
Categories: Business News
French government's crisis measures have cost 450 bln euros - finance minister
French government measures to prop
up the economy through the coronavirus crisis have cost 450
billion euros ($490 billion), the equivalent of 20% of GDP, the
finance minister said on Monday.
Categories: Business News
GLOBAL MARKETS-Hong Kong shares ease on China-U.S. rift, dollar firms
Hong Kong shares extended losses
and a gauge of Asian stocks was largely subdued on Monday, after
China's move to impose a new security law on Hong Kong
heightened concerns about the future stability of the city and
global trade prospects.
Categories: Business News
UPDATE 1-LVMH's Arnault to buy stake in Lagardere holding company
Bernard Arnault, the billionaire
behind luxury fashion group LVMH, has agreed to buy a
stake in the holding company of fellow French billionaire Arnaud
Lagardere, according to the holding companies of the two men.
Categories: Business News
Nordic investors turn up heat on coal in climate campaign
Five years after first
ditching some coal companies, Nordic investors are turning their
focus to bigger carbon emitters in a range of industries, paving
the way for other funds to follow.
Categories: Business News
Privacy activist Schrems calls on EU authorities to get Irish watchdog moving
Privacy activist Max Schrems
called on the European authorities to push the Irish regulator
to speed up its handling of cases he has brought against
Facebook on the second anniversary of the introduction of
rules designed to help protect the data of consumers.
Categories: Business News
Italy - Factors to watch on May 25
Categories: Business News
Mexican auto industry groups urge Puebla state to allow operations to restart
Mexican auto industry groups
on Sunday urged the governor of the state of Puebla to allow a
gradual restart of operations after economic activity was curbed
to contain the spread of the novel coronavirus.
Categories: Business News
GLOBAL MARKETS-Asian shares reverse early gains, eyes on China-U.S. trade relations
A gauge of Asian stocks pared
early gains on Monday amid souring relations between China and
the United States, with Hong Kong shares extending losses on
mounting fears about future stability in the city.
Categories: Business News
METALS-Shanghai copper slips for second day as U.S.-China tensions simmer
Shanghai copper prices fell in
early trade on Monday, heading for a second straight dip, as
investors focused on tensions over Hong Kong between the United
States and top metals consumer China, whose annual parliament
meeting continues this week.
The London Metal Exchange is closed on Monday for the Spring
Bank Holiday.
FUNDAMENTALS
* COPPER: The most-traded July copper contract on the
Shanghai Futures Exchange was down 0.6% at 43,470 yuan
($6,09
Categories: Business News
PRESS DIGEST-Financial Times - May 25
The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Categories: Business News
Trudeau asks bank CEOs for views on economy, COVID-19 relief- Globe and Mail
Canadian Prime Minister Justin Trudeau
has spoken to the heads of the country's six big banks to get
their views on the state of the economy and the COVID-19 relief
efforts, the Globe and Mail reported on Sunday, citing multiple
sources.
Categories: Business News
PRESS DIGEST-British Business - May 25
The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Categories: Business News
GLOBAL MARKETS-Asian shares tick up, eyes on China-U.S. trade relations
Asian shares started cautiously
on Monday as central bank largesse globally boosted sentiment
but rising trade tensions between the world's two biggest
economies dulled risk appetite.
Categories: Business News