Deutsche Bank and Commerzbank in formal merger talks

Germany's two biggest lenders, Deutsche Bank and Commerzbank, will hold formal talks about a merger. The announcement caps months of speculation that the two struggling banks would attempt to combine. A merger could result in massive...

Boeing 737 Max aircraft grounded ‘until May at least’

All Boeing 737 Max 8 and 9 aircraft will remain grounded at least until May after the fatal Ethiopian Airlines crash on Sunday, the US Federal Aviation Administration (FAA) has said. The aircraft will not...

Boeing: Europe and India join wave of countries grounding the 737 Max

The US Federal Aviation Authority (FAA) has said it will not suspend Boeing 737 Max aircraft despite mounting pressure from senators and workers' unions. The FAA said a review showed "no systemic performance issues" and...

China to slash taxes, boost lending to shore up slowing economy

BEIJING (Reuters) - China will cut billions of dollars in taxes and fees, increase infrastructure investment, and step up lending to small firms as the government boosts stimulus to shore up an economy growing...

Oil prices rise on trade deal hopes, OPEC supply cuts

SINGAPORE (Reuters) - Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff...

Tesla debuts $35,000 Model 3, sees loss in first quarter

SAN FRANCISCO (Reuters) - Tesla Inc said on Thursday it would not be profitable in the first quarter, as it offered for the first time a $35,000 version of its Model 3 sedan and...

Pompeo says world should have eyes wide open about Chinese tech risks

MANILA (Reuters) - U.S Secretary of State Mike Pompeo said on Friday that the world should be “eyes wide open” about the risks of using Chinese technology, and that there could be problems for...

BOJ’s Suzuki warns of more trouble for banks from weaker economy

MITO, Japan (Reuters) - Bank of Japan board member Hitoshi Suzuki on Thursday warned that profits in the country’s financial institutions could be significantly hurt by rising credit costs if the economy slides into...

Dollar on the back foot after Powell’s comments, sterling surges

The Australian dollar was a shade lower at $0.7182, taking a breather after three straight days of gains. The Aussie was hurt at the start of February after the Reserve Bank of Australia opened the...

Saudi prince expects investment worth more than $100 billion in India

NEW DELHI (Reuters) - Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday he expected investment opportunities worth more than $100 billion in India over the next two years as he began his...

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