Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements.
Saudi-Russian deal not due to tainted oil crisis: Novak
A decision by Russia and Saudi Arabia to extend a global pact on curbing production was not driven by a crisis over contaminated crude in a Russian-owned pipeline network, Russian Energy Minister Alexander Novak said on Saturday.
Deutsche lifted by Fed stress test pass in boost to Wall Street operation
Deutsche Bank’s shares rose by as much as 4.8% on Friday after Germany’s biggest bank passed an annual health check by the U.S. Federal Reserve, in a boost to its beleaguered Wall Street operations.
H&M shares jump as early summer sales shine
Swedish fashion group H&M said sales of its summer collections had started well and it would open fewer stores this year than previously planned as it adapts to the online shift, boosting its shares by 10%.
Airlines and regulators meet to discuss Boeing 737 MAX un-grounding efforts
Airlines and regulators are gathering at a closed-door summit in Montreal on Wednesday to exchange views on steps needed for a safe and coordinated return of Boeing Co’s grounded 737 MAX jets to the skies following two deadly crashes.
India’s L&T buys controlling stake in Mindtree – CNBC TV18
Indian conglomerate Larsen and Toubro Ltd (L&T) has acquired a controlling stake in IT services company Mindtree Ltd, CNBC TV18 channel reported citing sources.
Corrected: German business sentiment lowest since 2014: Ifo
(Corrects paragraph 2 to show reading above (not below) forecast)
France’s Carrefour takes step to exit China with Suning.com deal
Carrefour, Europe’s largest retailer, took a decisive step on Sunday toward a full exit of the Chinese market by selling a majority stake of its activities in the country to Suning.com
U.S. conservative group to launch attacks ads against Biden during Democratic debate
Club for Growth, a conservative political group, will launch new attack ads against Democratic presidential front-runner Joe Biden targeting his past statements about race that will run during his first debate appearance next week.
Italy’s Salvini threatens to resign in budget row with EU
Italy’s Deputy Prime Minister Matteo Salvini raised the stakes in a budget tussle with Brussels on Friday by threatening to resign and bring down the government unless he can push through at least 10 billion euros ($11 billion) of tax cuts.