14h42 Embattled South African Airways (SAA) said on Monday it would resume flights to six African destinations but cancel some domestic flights in the next two days, as not all unions had joined a strike over wages currently in its fourth day.
19h02 Two major FirstGroup shareholders
on Monday called for the British bus and train operator to sell
its U.S. assets as part of a portfolio overhaul which already
includes the planned sale of North American. . .
18h57 Sterling inched higher towards
$1.30 Monday as the Conservatives lead in polls for Britain's
general election, boosting the chances of Prime Minister Boris
Johnson's withdrawal deal being passed by parliament before the
Jan. 31 Brexit. . .
18h53 Kuwait's caretaker prime
minister Sheikh Jaber al-Mubarak declined to be reappointed as
premier on Monday, rebuffing an offer from the ruling emir after
submitting the government's resignation last week.. . .
18h44 The Trump administration on
Monday issued a new 90-day extension allowing U.S. companies to
continue doing business with China's Huawei Technologies Co Ltd
as U.S. regulators continue crafting rules on
telecommunications firms that pose national. . .
18h39 Norilsk Nickel
has proposed cutting dividends as part of a plan to increase
investment in projects that will boost output and cut noxious
emissions, Vice President Sergey Dubovitsky said at an investor
briefing in London. . .
18h17 Chancellor Angela Merkel and
Finance Minister Olaf Scholz on Monday brushed aside a rare
joint demand from German businesses and unions that they "wake
up" the stagnant economy by ditching the balanced budget policy
and. . .
18h05 Former pharmaceutical executive Martin
Shkreli will remain in prison after the U.S. Supreme Court on
Monday rejected his effort to overturn his conviction and
seven-year sentence for securities fraud and conspiracy.. . .
17h55 Yandex, Russia's biggest
technology company, proposed on Monday setting up a "public
interest foundation" to help oversee the business and assuage
Kremlin fears about potential foreign influence.. . .
17h54 Estonia's Financial Supervision
and Resolution Authority said on Monday it was dropping an
investigation into Swedbank's Estonia unit as the
probe was now a criminal proceeding being handled by the
country's prosecutor.. . .
17h54 The Czech government approved a
7% digital tax proposal on Monday aimed at boosting state
coffers by taxing advertising by global internet giants like
Google and Facebook, the Finance Ministry said.. . .
17h51 Wall Street's main indexes eased from
record levels on Monday after a report stoked fresh fears about
a resolution to the U.S.-China trade dispute that has hit global
growth and roiled financial markets over. . .
17h45 South Africa's rand
weakened on Monday, as cautious investors awaited clues on
monetary policy from the local central bank and some of the
world's major central banks, as well as developments in
U.S.-China trade talks.. . .
Europe's largest sugar refiner, said on Monday it will close an
export sales office in Antwerp, Belgium as part of its strategy
to concentrate on business in the European Union market instead
of sales. . .
17h23 South African Airways (SAA) says its
future hangs in the balance after its workers went on strike to
demand higher wages and protest planned job cuts which forced
the state-owned carrier to cancel all. . .
17h22 Latin American currencies firmed on
Monday on hopes of a Sino-U.S. trade deal but pared some gains
after a report that the mood in China was "pessimistic" about an
impending resolution to the dispute.. . .
17h16 British utilities are becoming
increasingly popular with bond investors who believe their debt
may benefit if a Labour government comes to power in December's
general election and takes them into public ownership.. . .
17h10 Alibaba will stop
taking orders from prospective institutional investors for its
$13.4 billion secondary listing in Hong Kong earlier than
expected after attracting strong demand, two people with direct
knowledge of the matter said.. . .
16h51 Novartis is exiting drug
discovery at its Shanghai site and shifting its focus to drug
development, saying accelerating approvals in China are pushing
the Swiss company to dedicate the operation's resources to
getting its medicines. . .
16h48 The Canadian dollar was little
changed against the greenback on Monday, pulling back from an
earlier 10-day high as global trade optimism faded and domestic
inflation data loomed later in the week that could. . .
16h21 Prosus NV, the
technology investment company that owns a large stake in China's
Tencent, said on Monday that it expects a rise of
between 3% and 9% in "core headline earnings per share" from
continuing. . .
16h19 The Baltic Exchange's main sea freight
index, which tracks rates for ships ferrying dry bulk
commodities, fell to a more than four-and-a-half month low on
Monday, hurt by weaker rates across all vessel segments.. . .
16h12 German airline Hahn Air, which
offers scheduled and charter flights within Europe, announced on
Monday it has issued the first airline tickets enabled by
blockchain technology, in partnership with Winding Tree, an
open-source travel distribution. . .
16h09 Indonesia's coordinating
minister who oversees mining said on Monday he hoped
environmental impact studies for factories to produce
battery-grade nickel chemicals would be completed by the end of
the year.. . .
16h08 U.S. President Donald Trump has
upended the global trade order with a slew of tariffs on
economic rivals: now, Washington has redoubled its efforts to
paralyse the very body designed to settle such disputes.. . .
15h55 India's Reliance Industries, owner of the world's
biggest refining complex, imported about 3.7% more oil in October compared with the same month a
year ago, according to data from shipping and industry sources.. . .
15h55 India's Nayara Energy Ltd, part-owned by Russian oil major
Rosneft, imported 12% less oil in October from the same month a year earlier,
according to data from the shipping industry and sources.. . .
15h47 France and Germany have reached an
agreement on their joint fighter programme and are expected to
award a contract to demonstrate the validity of the planned
technology by January, Dassault Aviation chief
executive said on. . .
15h38 Fatih Birol, the head of
the International Energy Agency (IEA), faced renewed pressure on
Monday from investors and scientists concerned about climate
change to overhaul the agency's projections for fossil fuel
demand.. . .
15h33 Best Mart 360's chairman said
on Monday he would keep every one of the popular Hong Kong snack
food chain's stores open, despite them being repeatedly damaged
during anti-government protests.. . .
15h29 Japan's Nissan Motor Co Ltd has
said it is recalling 394,025 cars in the United States over a
braking system defect, causing concerns that a brake fluid leak
could potentially lead to a fire.. . .
15h08 SoftBank Corp plans to
merge internet subsidiary Yahoo Japan with messaging app
operator Line Corp to create a $30 billion tech group,
as it strives to compete more effectively with local rival
Rakuten and U.S.. . .
15h07 Corruption under South
Africa's former president Jacob Zuma was enabled by
international banks, companies and governments which should now
seek to recover the loot they helped to launder, British
lawmaker Peter Hain told an inquiry. . .
14h45 Pan-European stock market
operator Euronext and Switzerland's SIX sparked a
bidding war for Spain’s Bolsas y Mercados Espanoles (BME)
on Monday, with both trying to snap up one of Europe’s
last standalone stock exchanges.. . .
14h35 The founder and CEO of TikTok
owner ByteDance will focus on adding users of the popular video
app in countries outside of its strongest markets, according to
an internal staff note seen by Reuters,. . .
14h17 Hedge fund managers continued to
scale back short positions in crude last week amid receding
fears of a global recession and increasing signs of a slowdown
in U.S. oil production growth next year.. . .
13h54 Indonesia's anti-monopoly agency
has begun a preliminary study of the country's nickel smelting
sector, an agency official said on Monday, after a miners'
association accused big nickel smelters of conducting a cartel.. . .
13h46 A bidding war for Spanish bourse BME and
gains in defensive stocks propped up European markets on Monday,
although doubts on whether or not the United States will impose
tariffs on EU carmakers weighed. . .
13h43 Euro zone growth has
stabilised and the European Central Bank's recent stimulus
scheme is working as intended, even if markets may still need
more time to fully grasp the scope of the package, Slovenian
central. . .
13h42 Chicago soybean futures
edged up for a third consecutive session on Monday as U.S.
export sales to China and encouraging comments by Beijing and
Washington fed hopes that the countries will reach a deal. . .
13h37 Sri Lankan shares jumped to
their highest in more than a year in heavy volume, while the
rupee rose to a two-and-half month high on Monday, after former
wartime defence chief Gotabaya Rajapaksa won. . .
13h16 Sterling inched higher towards
$1.30 Monday on expectations the Conservative Party could win a
majority in next month's election and finally push through
parliament the Brexit deal agreed with Brussels, paving the way
for Britain. . .
13h00 Growth in Germany, Europe's
biggest economy, will remain weak in the fourth quarter but
there is no reason to fear a recession and there are signs that
prospects for its vast industrial sector may. . .
12h48 The Association of Banks in
Lebanon agreed a set of temporary directives for commercial
banks including a $1,000 cap on weekly withdrawals from U.S.
dollar accounts, the association said on Sunday, amid a
worsening economic. . .
12h44 British life and general insurer
Aviva Plc will keep its operations in Singapore and
China, it said on Monday, two days ahead of an expected strategy
update and following speculation of a sale of. . .
12h40 Central European stocks pushed
higher on Monday although currencies were on the back foot with
investors cautiously awaiting developments in U.S.-China trade
talks and watching a Hungarian interest rate decision on Tuesday
where no change. . .
12h40 Singapore and Thailand markets rose on
Monday on hopes of stimulus measures following weak data from
both countries, while other regions were mixed amid lack of
concrete evidence on the progress in Sino-U.S. trade. . .
12h28 The Netherlands' economic
forecasting agency CBP said on Monday it expects GDP growth to
slow to 1.1% annually for the 2022-2025 period, assuming nothing
changes in the world economy or government policy.. . .
12h15 Bulgaria's competition regulator
has rejected appeals against the transport ministry's decision
to pick a consortium led by asset manager Meridiam to run and
operate Sofia Airport, a posting on its website showed.. . .
12h13 British mid-caps scaled a near two-month
high on Monday, continuing to benefit from indications of a Tory
victory in the upcoming snap election in the country, while a
near 4% drop in insurer Aviva. . .
12h11 The Kremlin confirmed on Monday
that Russian President Vladimir Putin would take part in a
four-way international summit in Paris on Dec. 9, an attempt to
advance efforts for a peaceful resolution to the. . .
12h04 China's anti-graft watchdog said
on Monday the former chairman of Bank of Jilin Co is
being investigated, according to a statement on the website of
the Central Commission for Discipline Inspection (CCDI).. . .
11h41 The strength of Thailand's baht
is a concern for the trade-reliant economy that is expected lag
the central bank's growth forecast for this year, the Bank of
Thailand governor said on Monday.. . .
11h41 Emerging market shares gained on Monday
as China signalled it was prepared to act further to prop up a
slowing economy, while hopes of a Sino-U.S. trade pact kept
trading in most developing world. . .
11h32 Shares in IQE Plc plunged around
a quarter in value on Monday after the British technology
company warned it would sink to an operating loss this year
following a second cut to revenue expectations. . .
11h30 A Chinese fertiliser firm, Hubei
Yihua Chemical Industry Co, halted production at a
plant in northern China because of insufficient natural gas
supply, the company said in a statement filed to the Shenzhen
stock exchange. . .
11h22 Indonesia reported a near flat
income in January-October compared with the corresponding period
a year earlier on Monday, as revenues from some taxes shrank,
underlining the government's struggle to keep the budget deficit
in check.. . .
11h13 South Africa's Netcare Ltd said on Monday its first-half results for 2020 would take a hit from hospital network arrangements and reported higher full-year headline earnings per share, in line with. . .
11h00 De Havilland Aircraft of Canada Ltd said
on Monday it landed an order for 20 Dash 8-400 turboprops from
lessor Palma Holding, as the planemaker bets on airline and
energy sector demand in the. . .
10h54 Hong Kong stocks closed higher on Monday,
following steep losses the previous week, as lacklustre economic
data stoked hopes of fresh stimulus measures to revive flagging
growth in the Asian financial hub.. . .
10h05 1/ NOT SO FAST
How big a risk is a global economic recession? Recently, hopes
of a fledgling growth turnaround were doused by data showing
China's factory output growth slowing in October and Japan's
economy. . .
09h58 India is looking to
lower advance payments and offer larger mining blocks to attract
global companies to invest in its coal sector for the first
time, but industry sources say the measures may not. . .
09h55 India's cabinet has given
'in-principle' approval for the sale of strategic stakes in 28
state-run companies including state carrier Air India,
junior finance minister Anurag Singh Thakur told lawmakers on
Monday.. . .
09h50 Software company Sage Group Plc
said on Monday it will sell its payment processing unit Sage Pay
for about 232 million pounds ($296.87 million) to Elavon, a
payments company and unit of U.S. Bancorp.. . .
09h45 Asia Copper Week, one of the
biggest industry gatherings in the region, starts Monday with
miners, traders, warehouse operators, analysts and executives
from the world's biggest copper companies set to descend on
Shanghai.. . .
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