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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

U.S. strike cost $200 million in lost sales: Ahold CEO

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AMSTERDAM (Reuters) – An 11-day strike at Ahold’s U.S. Stop & Stop supermarket chain cost the company “just over” $200 million in lost sales, the company’s CEO said on Tuesday. On a call with analysts, Frans Muller also said that the strike, which Ahold earlier on Tuesday warned would hurt the company’s 2019 margins, would Read More

Ahold says Stop & Shop strike will hurt 2019 margins

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FILE PHOTO: Striking workers gather outside a Stop & Shop store following a speech by former U.S. Vice President Joe Biden, a potential 2020 Democratic presidential candidate, in Boston, Massachusetts, U.S., April 18, 2019. REUTERS/Brian Snyder AMSTERDAM (Reuters) – Dutch supermarket group Ahold, warned on Monday that a strike at its Stop & Shop chain Read More

Ahold says Stop&Shop strike will hurt 2019 margins

2 days ago DieselGasoil Comments Off on Ahold says Stop&Shop strike will hurt 2019 margins
FILE PHOTO: Striking workers gather outside a Stop & Shop store following a speech by former U.S. Vice President Joe Biden, a potential 2020 Democratic presidential candidate, in Boston, Massachusetts, U.S., April 18, 2019. REUTERS/Brian Snyder AMSTERDAM (Reuters) – Ahold, the Dutch owner of supermarket chains in the United States and Europe, said on Monday Read More

Stocks approach new highs but healthcare caps Wall Street gains

1 week ago DieselGasoil Comments Off on Stocks approach new highs but healthcare caps Wall Street gains
NEW YORK (Reuters) – Stocks around the globe rose on Tuesday to six-month highs as positive economic data in China and Germany boosted investor sentiment, though concerns about the impact of U.S. policy on the healthcare sector capped gains on Wall Street. Wall Street’s S&P 500 edged higher after upbeat quarterly reports from Johnson & Read More

Stocks approach new highs on positive earnings, economic data

1 week ago DieselGasoil Comments Off on Stocks approach new highs on positive earnings, economic data
NEW YORK (Reuters) – Stocks around the globe rose on Tuesday to six-month highs after U.S. healthcare companies posted strong earnings and data provided reassurance about economic sentiment in Germany. Wall Street’s S&P 500 edged higher after Johnson & Johnson beat quarterly profit estimates and raised its sales growth forecast for the year. UnitedHealth Group Read More

Take Five: Wall Street calling! World market themes for the week ahead

2 weeks ago DieselGasoil Comments Off on Take Five: Wall Street calling! World market themes for the week ahead
LONDON (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 4, 2019. REUTERS/Brendan McDermid/File Photo 1/BRACE, BRACE The focus Read More

Growth stumbling but central bank arsenals are near-empty

2 weeks ago DieselGasoil Comments Off on Growth stumbling but central bank arsenals are near-empty
LONDON (Reuters) – Global economic growth is slowing, according to the International Monetary Fund, policymakers and hundreds of economists polled by Reuters – but that downturn is coming at a time when central banks’ arsenals are running on empty. FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank Read More

Oil scores best run in three years as dollar, stocks tread water

2 weeks ago DieselGasoil Comments Off on Oil scores best run in three years as dollar, stocks tread water
LONDON (Reuters) – Signs of a stabilisation in China’s giant economy and a soggy dollar helped oil markets cement their best run for more than three years on Friday, though stocks weren’t buoyed much after spending most of the week treading water. FILE PHOTO: The German share price index DAX graph is pictured at the Read More