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World stocks slip as growth fears linger; euro slides

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NEW YORK (Reuters) – The dollar rose on Thursday, hitting the highest in almost two years against the euro on an upbeat U.S. capital goods report, while a gauge of world equity markets slid as weak economic data from South Korea and a profit warning from 3M Co renewed concerns about global growth. FILE PHOTO: Read More

Emerson’s downhold reservoir network first to connect wireless sandface data to upper completion

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4/25/2019 Photo: Emerson Intelligent Multistage Completion Network (IMCN). STAVANGER — Emerson, in partnership with Metrol, a leader in battery-powered wireless well monitoring, has launched the Intelligent Multistage Completion Network – an integrated upper and lower completions downhole solution that communicates wirelessly with instruments at the reservoir sandface, the physical interface between the formation and the Read More

German ambitions evaporate as Deutsche Bank merger talks with Commerzbank collapse

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FRANKFURT (Reuters) – German hopes of creating a national banking champion able to challenge global competitors were dashed on Thursday when Deutsche Bank and Commerzbank ended merger talks due to the risks of doing a deal, restructuring costs and capital demands. Germany’s two largest banks announced that nearly six weeks of high-level negotiations about a Read More

Trump’s widening OPEC fight puts Saudi oil capacity in spotlight

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By Grant Smith on 4/25/2019 LONDON (Bloomberg) — The biggest threat to President Donald Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations. The White House plans to choke off oil exports from Iran without triggering a spike in prices largely by getting Saudi Arabia, the only OPEC Read More

German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks

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FRANKFURT (Reuters) – Deutsche Bank and Commerzbank said their merger talks had ended, with execution risks, restructuring costs and capital requirements dashing German attempts to create a mega-bank. FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo After nearly six weeks of talks, Germany’s two Read More

Swedbank admits money laundering flaws, cooperating with U.S. authorities

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STOCKHOLM (Reuters) – Swedbank admitted to failings in combating money laundering and said on Thursday it was facing investigations in the United States, adding to pressure over its Baltic business. FILE PHOTO: A woman walks past a Swedbank branch in Riga October 21, 2014. REUTERS/Ints Kalnins Sweden’s oldest bank, whose CEO and chairman have both Read More

World stocks slip, euro suffers, growth fears linger

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LONDON (Reuters) – World equity markets slipped on Thursday amid worries on global growth and as investors digested European earnings, while the Swedish crown slumped to its lowest in 17 years and the euro suffered after German data. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage Read More

Trudeau’s government to decide on Trans Mountain pipeline by June

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The federal government of Canada will announce its final decision on the Trans Mountain pipeline expansion project in mid-June, Finance Minister Marc Garneau told media. Interestingly, the decision may be to drop the project altogether, which was in the cards when the government bought the project from exasperated Kinder Morgan. When Ottawa bought the Trans Read More

Deutsche Bank and Commerzbank merger talks are expected to fail: source

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FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) – Merger talks between Germany’s top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the matter said on Thursday. No final decision has been taken, Read More

Nokia reports surprise first quarter loss, sees pressure in second half

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HELSINKI (Reuters) – Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core networks business. FILE PHOTO: A Nokia logo is seen at the company’s headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins “The slow start to 2019 and expected weak overall first half puts Read More