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Deutsche Bank merger talks with Commerzbank raise job fears, lift shares

12 hours ago DieselGasoil Comments Off on Deutsche Bank merger talks with Commerzbank raise job fears, lift shares
BERLIN/FRANKFURT (Reuters) – Deutsche Bank and Commerzbank faced concerns from workers unions, Chancellor Angela Merkel’s office and top shareholders on Monday after confirming merger talks. Combining Germany’s two largest banks could result in 30,000 job losses, a union warned, prompting Merkel’s chief of staff to say the government was scrutinizing the issue. The concerns underline Read More

Global stocks rise, dollar slips as traders price in accommodative Fed stance

15 hours ago DieselGasoil Comments Off on Global stocks rise, dollar slips as traders price in accommodative Fed stance
LONDON (Reuters) – Global shares hit their highest levels in five months and the dollar dipped on Monday, as traders began to price in the likelihood of the U.S. Federal Reserve sticking to an accommodative stance at its policy meeting this week. FILE PHOTO: The London Stock Exchange Group offices are seen in the City Read More

Serbian anti-govt protesters use truck to break through police cordon & block presidential palace

1 day ago DieselGasoil Comments Off on Serbian anti-govt protesters use truck to break through police cordon & block presidential palace
Serbian President Aleksandar Vucic said that falling ratings are making the opposition employ drastic measures, as protesters led by a nationalist figure and a tycoon surrounded his palace and police headquarters. The demonstrators gathered outside the presidential palace in central Belgrade before noon on Sunday, when Vucic was due to hold a press conference. They Read More

Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000

4 days ago DieselGasoil Comments Off on Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000
SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Chief Executive Elon Musk said the compact SUV, built on the same platform as the Model 3, would Read More

Tesla unveils Model Y SUV as electric vehicle competition heats up

4 days ago DieselGasoil Comments Off on Tesla unveils Model Y SUV as electric vehicle competition heats up
SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Tesla Inc’s Model Y electric sports utility vehicle is pictured in this undated handout photo released on March Read More

South Korea steps up fight against pollution, says problem is 'social disaster'

6 days ago DieselGasoil Comments Off on South Korea steps up fight against pollution, says problem is 'social disaster'
SEOUL (Reuters) – South Korea on Wednesday ramped up its firepower as its battle pollution, passing a set of bills that designate the problem a ‘social disaster’ and which could unlock emergency funds to tackle the issue. South Korean President Moon Jae-In inspects an honour guard during a state welcoming ceremony at the Parliament Square Read More

South Korea passes bills to fight air pollution, says problem is 'social disaster'

6 days ago DieselGasoil Comments Off on South Korea passes bills to fight air pollution, says problem is 'social disaster'
South Korean President Moon Jae-In inspects an honour guard during a state welcoming ceremony at the Parliament Square in Kuala Lumpur, Malaysia, March 13, 2019. REUTERS/Lai Seng Sin SEOUL (Reuters) – South Korea’s parliament on Wednesday passed a set of bills to fight air pollution that has blanketed parts of the country in recent years, Read More

Boeing shares take another hit as more countries ground 737 MAX 8 planes

6 days ago DieselGasoil Comments Off on Boeing shares take another hit as more countries ground 737 MAX 8 planes
(Reuters) – Boeing Co’s (BA.N) stock took another beating on Tuesday, knocking off more than $25 billion from the planemaker’s market value over the past two days, as more countries lined up to ground its 737 MAX 8 aircraft following Sunday’s deadly crash in Ethiopia. Britain joined China, Malaysia, Singapore, Australia and other countries in Read More

Worried about next downturn? U.S. credit funds may offer early clues

7 days ago DieselGasoil Comments Off on Worried about next downturn? U.S. credit funds may offer early clues
NEW YORK (Reuters) – It seemed like an opportunity a lender would not want to miss. FILE PHOTO: An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham The loan paid 10.25 percent interest which would go up if a benchmark rose. The borrower was Trident Read More

Deutsche, Commerzbank tentatively talk about merger after months of speculation: source

1 week ago DieselGasoil Comments Off on Deutsche, Commerzbank tentatively talk about merger after months of speculation: source
FRANKFURT (Reuters) – The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Saturday. FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG, addresses the media during the bank’s annual news conference in Frankfurt, Germany, Read More