German cabin crew union UFO said arbitration talks with Lufthansa on Sunday had failed and its members could stage strikes any time from now on, though they would spare passengers industrial action on Dec. 24, 25 and 26.
Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday.
Oil prices were mostly steady on Monday after three weeks of gains amid optimism the United States and China were close to signing a trade deal to end a tariff war, with President Donald Trump saying an agreement would be signed "very shortly".
Asian markets idled near 18-month highs on Monday as volumes weakened ahead of the Christmas holiday break and investors squared off their positions, taking home hefty gains made earlier this month.
Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, with President Donald Trump saying an agreement would be signed "very shortly".
British supermarket giant Tesco suspended a Chinese supplier of Christmas cards on Sunday after a press report said a customer found a message written inside a card saying it had been packed by foreign prisoners who were victims of forced labor.
China's industrial output is expected to grow around 5.6% in 2019, the Ministry of Industry and Information Technology said on Monday.
Morgan Stanley has flagged 29 Chinese stocks that would likely benefit more from the completion of a phase one deal between the U.S. and China. Nearly half of them are from the information technology sector.
Britain has approved Advent International's $5 billion purchase of defense company Cobham after the U.S. private equity group made commitments to address national security concerns.
Private equity firm Lone Star has entered a deal to buy BASF's construction chemicals business for 3.17 billion euros ($3.5 billion) on a cash and debt-free basis, the German chemicals company said on Saturday as it seeks to focus on more profitable operations.
PG&E Corp's creditors have sweetened their offer to California wildfire victims, saying they are now prepared to pay $13.5 billion in cash upfront, according to a letter sent on Friday to state governor Gavin Newsom.
The group behind Nord Stream 2 said on Saturday it aimed to complete a pipeline to boost Russian gas supplies to Europe as soon as possible, after a major contractor suspended pipe-laying activities due to U.S. sanctions.
The outsized rally in the U.S. stock market this year may give way to a more muted performance in 2020 if history is any guide.
Russia must keep to schedule on implementing the Nord Stream 2 gas pipeline link to Europe, a senior Russian senator told state news agency RIA on Saturday, after pipe-laying was suspended due to U.S. sanctions.
Russia's Foreign Ministry said on Saturday that Moscow will press ahead with a major Russia-to-Germany natural gas pipeline, disregarding U.S. sanctions.