Emerging market currencies weakened on Monday with eyes this week on GDP data from Russia and South Africa, while a strong open for western European bourses helped an index of developing market shares cut some losses after a weak handover from Asia.
Spain's Prime Minister Pedro Sanchez on Monday said there were positive aspects in the proposed merger of Spanish lenders Caixabank and state-owned Bankia and called on the sector to take steps to consolidate further.
Looking to travel from Beijing to Hangzhou in eastern China? A flight can be had for as low as 180 yuan ($26) - one of a slew of deals fuelling a robust recovery in Chinese passenger levels and which could provide a model for a beleaguered industry globally.
Precious metals miner Hochschild Mining said on Monday it expects lower annual production than forecast earlier this year as COVID-19-related disruptions hampered mining activity at its assets in Peru and Argentina.
There's plenty for the ECB to chew over at its meeting on Thursday. The euro hit $1.20 for the first time since 2018 - not a big deal if that reflects optimism about the future, something that may be reinforced when EU finance ministers meet in coming days to discuss implementing their 750 bln euro recovery fund.
South Africa's rand traded weaker early on Monday with second quarter economic growth data this week set to show a massive contraction following a strict coronavirus lockdown, keeping investors on the sidelines.
(RTTNews) - Vodafone Idea Limited, India's leading telecom service provider, announced the launch of new unified business under a new unified brand, Vi. Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. With the successful integration and deployment
French energy group Total said on Monday it had resigned from its role as operator of five exploration blocks in the Foz do Amazonas Basin, 120 kilometres offshore Brazil.
Vodafone Idea Ltd said on Monday it is rebranding itself as the debt-ridden telecoms carrier, which has been losing customers, looks to change its image three years after it announced the biggest merger in India's telecoms market.
Australians' credit card debts fell to a 15-year low in July, data showed on Monday, as the pandemic drives a global surge in repayments that analysts say will hurt banks at a time when consumers are also reining in their spending.
London's FTSE 100 bounced from a near four-month low on Monday as the pound weakened on growing prospects of the UK leaving the European Union without a trade agreement, while Primark-owner Associated British Foods jumped on issuing a strong forecast.
Associated British Foods said on Monday it expects full-year profit at its Primark fashion chain to be at least at the top end of its previously guided range after trading in its latest quarter exceeded expectations.
(RTTNews) - Grifols (GRFS) has agreed to acquire the remaining equity of Alkahest, Inc. in exchange for a total price of $146 million, on a debt-free basis. The closing of the deal is anticipated in early 2021.
European shares rebounded on Monday after a Wall Street-led rout in technology stocks kept global sentiment subdued in the previous week, with investors keeping a close watch on COVID-19 vaccine developments.
Sterling fell around half a percent against the dollar and euro on Monday, while implied volatility surged to the highest since end-June as Brexit talks plunged into crisis following Britain's threat to override its EU divorce deal.
The South African central bank further slowed its purchase of government bonds in August, buying only 353 million rand ($21.19 million) of securities to bring its total holdings to 38.737 billion, data showed on Monday.
In 2017, the last car Australia built rolled out of a General Motors' plant in the city of Adelaide, ending seven decades of local automotive history and the belief that the country's factories could ever compete globally.
Gold edged higher on Monday after weak U.S. data raised concerns over a quick economic rebound from the coronavirus-led slump and cemented hopes that lower interest rates would last longer.
Indian shares were subdued on Monday, as broader Asian markets were on the defensive after a continued Wall Street selloff in technology stocks, while investors awaited an announcement from debt-laden Vodafone Idea Ltd later in the day.
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