Commerzbank to cut more jobs, branches: board member
Commerzbank will announce “considerably” more branch closures and job cuts when it lays out its strategy review in August, a member of the bank’s supervisory...
Oil slumps further amid prospect of resurgence of coronavirus
Oil slumped on Monday, extending last week’s losses, as new coronavirus infections hit China, Japan and the United States’ increasing concerns that a resurgence of...
BP to take up to $17.5 billion writedown, lowers oil outlook
BP will take a writedown of up to $17.5 billion in its second-quarter earnings after sharply lowering its long-term oil and gas price outlook as...
BP to write off up to $17.5 billion after reduced oil price forecast
BP will incur an up to $17.5 billion writedown in the value of its assets after lowering its long-term oil and gas price outlook in...
Analysts’ view: Market jitters over second COVID-19 wave are an overdue pullback
A second straight day of record new COVID-19 cases in Beijing and a spike in infections across a swathe of the United States has dented...
H&M’s March-May sales tumble by less than expected 50%
H&M , the world’s second-biggest fashion retailer, on Monday reported a sharp but slightly smaller than expected drop in second-quarter sales as measures to slow...
Intesa, BPER revise terms aiming to avert antitrust hurdles to UBI deal
Italian bank Intesa Sanpaolo has increased the number of branches and amount of assets it will sell to rival BPER if its proposed takeover of...
Stocks, oil fall as second wave fears cloud recovery prospects
Asian shares and Wall Street futures fell on Monday as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming data...
Recovery rally has further to run, so buy stocks: Morgan Stanley
Stock market gains have further to run and investors are still under-pricing the scale of the world’s coronavirus recovery, investment bank Morgan Stanley said in...
Exclusive: Mexico’s oil hedge to be pricier, but government likely doing it anyway
Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to...