Reuters - Before the Bell

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Monday, June 24, 2019

Danske Bank ousts former interim CEO after customers overcharged

Danske Bank has dismissed its former interim chief executive Jesper Nielsen after customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender.

China says both U.S., China should make compromises in trade talks

Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and U.S. presidents at this week's G20 summit in Japan.

Bristol to divest Celgene's psoriasis treatment in FTC clearance push

Bristol-Myers Squibb Co said on Monday it would divest Celgene Corp's psoriasis treatment Otezla as the companies look to gain approval for their $74 billion deal from the U.S. Federal Trade Commission (FTC).

Daimler slumps as diesel costs wipe out profit growth

Daimler shares fell as much as 5% on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying it was setting aside hundreds of millions of euros to cover a regulatory crackdown on diesel emissions.

China's assistant foreign minister says global community sees harm from protectionism

China's Assistant Minister of Foreign Affairs Zhang Jun said on Monday that the international community recognizes harm from protectionism, and that China will safeguard its fundamental interests.

FedEx confirms Huawei mail ban as new 'mistake' reignites Chinese ire

FedEx Corp has apologized for another Huawei delivery "mistake", reigniting Chinese ire and drawing the fire of state media which suggested the U.S. delivery firm could end up on China's upcoming list of companies that harm national interests.

Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal

U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.

Oil extends gains on U.S.-Iran tensions

Oil prices rose on Monday, extending large gains last week that were prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran.

Lufthansa announces overhaul of budget carrier Eurowings

Lufthansa on Monday announced a turnaround plan for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15% cut in costs by 2022 in the hope of returning to profit.

Bitcoin tests 15-month highs after 10% weekend jump

Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.