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Updated: 9 hours 56 min ago

FIS gains unconditional EU okay for $35 billion Worldpay buy

Mon, 07/08/2019 - 16:12
U.S. financial services provider Fidelity National Information Services Inc (FIS) on Monday won unconditional EU antitrust approval for its $35 billion takeover of payments company Worldpay.

Online ad growth seen slowing in 2021 to levels since dotcom bubble burst

Mon, 07/08/2019 - 16:04
Global advertising spend is expected to grow 4.6% in 2019, a dip from previous estimates, with internet advertising seen slowing to single digits in 2021 for first since the dotcom bubble burst, industry forecaster Zenith said.

Airtel Africa to list in Nigeria on Tuesday: bourse

Mon, 07/08/2019 - 16:02
Airtel Africa shares will be listed on the Nigerian Stock Exchange on Tuesday, the bourse said, after it postponed the $4.4 billion listing last week.

Congolese army fires in the air during protest at Glencore plant

Mon, 07/08/2019 - 15:54
Congolese soldiers fired in the air on Monday as illegal miners protested outside a metallurgical plant on a copper and cobalt concession run by Glencore, a witness told Reuters.

Deutsche Bank begins 18,000 job cull in $8.3 billion reinvention

Mon, 07/08/2019 - 15:54
Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 billion euro ($8.3 billion) "reinvention" set to tip Germany's largest lender into yet another annual loss.

Summer crop planting down 27% in India on patchy monsoon rains

Mon, 07/08/2019 - 15:50
Indian farmers have planted 23.4 million hectares with summer crops, down 27% from this time a year ago, according to the Ministry of Agriculture & Farmers' Welfare, buffeted by patchy monsoon rains that slowed down sowing in the country.

Hedge funds chart course through 'IMO 2020' storm

Mon, 07/08/2019 - 15:46
Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulphur emissions from ocean-going vessels.

Deutsche Bank's aim to make profit in 2020 is uncertain: CFO

Mon, 07/08/2019 - 14:46
Deutsche Bank aims to break even or turn a profit in 2020 but there is "significant uncertainty in that forecast", the bank's finance chief said on Monday.

China steel hub Hebei moves 2019 industrial capacity cutting targets forward

Mon, 07/08/2019 - 14:45
China's top steelmaking province of Hebei has moved up the target dates for cutting industrial capacity and relocating plants by two months to the end of October, the provincial environmental department said.

Japan machinery orders fall most in 8 months in worrying sign for economy

Mon, 07/08/2019 - 14:43
Japan's core machinery orders fell by the most in eight months in a worrying sign that global trade tensions are taking a toll on corporate investment, casting doubt that solid domestic demand can help offset external pressure on the export-reliant economy.

Global shares muted as prospect of sharp U.S. rate cut fades

Mon, 07/08/2019 - 14:28
Global shares were in a muted mood on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large rate cut, but Deutsche Bank gained nearly 4% as it launched a major restructuring.

MMTC tenders to buy corn, volume undecided

Mon, 07/08/2019 - 14:20
Indian state-run trading company MMTC has issued an international tender to buy and import yellow corn (maize), European traders said on Monday.

British Airways faces record $230 million fine over data theft

Mon, 07/08/2019 - 13:43
British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK's Information Commissioner's Office (ICO).

China refiners curb fuel output after massive new plants stoke glut

Mon, 07/08/2019 - 13:30
China's fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut, potentially dragging on crude oil demand from the world's biggest importer of the commodity.

Gold rises as focus returns to growth concerns, Fed rate cut

Mon, 07/08/2019 - 13:29
Gold prices rose on Monday, shaking off early losses to consolidate above the $1,400 pivot, as focus shifted to global growth concerns and interest rate cuts by major central banks.

Lagarde 'uniquely qualified' to head ECB: Coeure

Sun, 07/07/2019 - 15:58
ECB policymaker Benoit Coeure defended on Sunday the nomination of Christine Lagarde to lead the European Central Bank, saying that she was "uniquely qualified".

South Korea assessing financial sector risks of wider row with Japan

Sun, 07/07/2019 - 12:41
South Korea is assessing the risks of a row with Japan over forced wartime labour spreading to the financial sector, including loans and investments by Japanese institutions, the financial regulator said.

PNB says detects 38 billion rupee fraud

Sun, 07/07/2019 - 10:18
The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI).

China will further open up forex market: regulator

Sun, 07/07/2019 - 09:00
China will fend off cross-border capital flow risks and continue to open up its foreign exchange market, the forex regulator said on Sunday.

Europe needs to find candidate to head IMF: France

Sat, 07/06/2019 - 18:55
European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French Finance Minister Bruno Le Maire said on Saturday.