Friday 8 February 2019

Darkening 'global economic skies' pull stocks lower

Reuters.com Newsletter

Darkening 'global economic skies' pull stocks lower

Global stocks fell for a third straight day on Friday, and were set for their first weekly loss in seven, as investors worried about a broadening global economic slowdown and the lack of any sign of a resolution to the U.S.-China trade row.

Activist Elliott tells Pernod there is still work to do

Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week's first-half results but calling for boardroom changes and better margins.

Shell leads cash race but Exxon catching up

Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world's top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.

Deutsche Bank, Commerzbank merger talk 'speculation': German finance minister

German Finance Minister Olaf Scholz said on Friday he was in talks with banks about their future and called reports of a merger of Deutsche Bank and Commerzbank "speculation".

Crypto bear market threatens to last as potential token supply weighs

Cryptocurrencies may be facing a prolonged bear market.

Fifty years on, Boeing's 747 clings to life as cargo carrier

Boeing's 747 jumbo jet, an aircraft that democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets, has bounced back from near death to mark its 50-year flying anniversary on Saturday, thanks to a cargo market boom fueled by online shopping.

U.S. Steel wins tax breaks from one of America's poorest cities

United States Steel Corporation founded Gary, Indiana in 1906 - naming it after co-founder Elbert Henry Gary - and the city's fortunes have been closely tied to the company ever since.

Brookfield in talks with India's Reliance Industries to buy tower, fibre assets: report

Canadian private equity firm Brookfield Asset Management is in preliminary talks with India's Reliance Industries to buy a stake in its optical fibre and telecom tower assets, The Times of India newspaper reported on Friday.

Bank of America appoints head of new EU unit in Brexit move

Bank of America Merrill Lynch has named Sanaz Zaimi as head of its new Paris-based European Union broker-dealer unit BofA Securities Europe, the U.S. bank said on Friday.

Sony stock jumps after first-ever share buyback announcement

Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover from a hammering days earlier when investors freaked over lackluster earnings.

Staff wanted: pensioners welcome, but anyone, really

Zsuzsanna Czeizel told herself she'd never work again after she retired in 2012. But since October, she's held a job -- scanning boxes of sweets in a large warehouse near Budapest.

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