China refiners curb fuel output after massive new plants stoke glut
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...
British Airways faces $230 million fine over data theft
British Airways owner IAG said on Monday the UK Information Commissioner’s Office (ICO) intends to impose a penalty of 183.4 million pounds ($229.8 million) for...
U.S. Fed easing could prompt first China rate cut in four years: analysts
China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected...
VW to deepen alliances with battery suppliers for electric push
Volkswagen will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles,...
Deutsche Bank shares rise pre-market as 18,000 global job cuts begin
Deutsche Bank shares rose in pre-market trade on Monday as the German lender eliminated whole teams at its Asian operations, starting to ax 18,000 jobs...
Deutsche Bank axes whole teams in Asia-Pacific as 18,000 global job cuts begin
Deutsche Bank AG eliminated whole teams at its Asian operations on Monday, as the German lender began axing 18,000 jobs globally in one of the...
Hedge funds chart course through ‘IMO 2020’ storm
Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulfur emissions...
Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin
Whole teams in Deutsche Bank’s Asian operations were told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one...
Oil prices tread water as market eyes global risks
Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-U.S. trade war on the global economy, although...
Asian shares fall as bets off on sharp U.S. rate cuts
Asian shares fell on Monday after strong U.S. jobs data tempered expectations for a Fed rate cut, while the Turkish lira hovered near two-week lows...