Bonds 'on fire' as flight to safety gathers momentum
Investors sought the safety of government bonds, the yen, the Swiss franc and gold on Monday, as rising trade tensions dented stocks again and pushed oil close to bear market territory.
Investors sought the safety of government bonds, the yen, the Swiss franc and gold on Monday, as rising trade tensions dented stocks again and pushed oil close to bear market territory.
Former partners and rivals of Jet Airways Ltd are launching replacement routes and looking for new codeshare partners as they scramble to fill a lucrative gap left by the collapse of the India's once-largest international airline.
Infineon has agreed to buy Cypress Semiconductors in a deal valuing the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion), including debt, the German company said on Monday.
Malaysia Airlines is looking at its order for 25 Boeing Co 737 MAX jets "very carefully" in light of the global grounding and plans for the first delivery in July 2020 could be delayed, the carrier's chief executive said on Monday.
Goldman Sachs Group Inc said on Monday that West Street Capital Partners VII, a fund managed by the company's merchant banking unit, will acquire Capital Vision Services LP, to bolster their portfolio in the healthcare services sector.
Infineon has agreed to buy Cypress Semiconductors in a deal that values the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion) including debt, sending shares in the German company lower on concerns over the cost.
JetBlue Airways Corp is in discussions with Airbus SE about the European planemaker's plans for a longer-range version of its A321neo family as it prepares to jump into the transatlantic market, Chief Executive Robin Hayes said on Monday.
LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer.
Thyssenkrupp shares extended their losses on Monday and fell to their lowest levels in almost 16 years.
Glencore's long-serving head of oil, Alex Beard, who helped make the firm one of the world's top three oil trading houses, will retire this month, the company said on Monday as it faces mounting U.S. probes into its activities.
Infineon Technologies expects to keep its investment grade credit rating after its 9 billion euro ($10 billion) agreed acquisition of U.S. Cypress Semiconductor, Chief Financial Officer Sven Schneider said on Monday.
Mexico's Economy Minister Graciela Marquez said on Monday that the tariffs U.S. President Donald Trump has threatened to place on Mexican exports would impact all 50 U.S. states and harm value chains, consumers and trade-related jobs in both nations.
Volkswagen AG Chief Executive Herbert Diess met on Monday with the top U.S. trade official, a week before new tariffs are set to hit imported Mexican vehicles, two people briefed on the matter said.
LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer.
The merchant-banking division of Goldman Sachs Group Inc is set to buy Capital Vision Services LP, which manages MyEyeDr. optometry centers, in a deal valued at $2.7 billion including debt, the Wall Street Journal reported on Monday.