U.S. Postal Service will offer early retirements, consolidate postal districts

© Reuters. FILE PHOTO: A U.S. Postal Service (USPS) logo is pictured on a mail box By David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service(USPS) said on Wednesday it is offering early retirement to non-union employees as it consolidates postal districts in an effort to stem billions in red ink. The USPS will merge […]

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Asian markets offer mixed signals as investors juggle stimulus, pandemic

© Reuters. FILE PHOTO: Screen displays Nikkei share average and stock indexes outside a brokerage in Tokyo By Pete Schroeder WASHINGTON (Reuters) – Asian markets pointed to a mixed open on Wednesday, as investors juggle the prospects for an economic comeback and additional stimulus with continued pandemic concerns. Australia’s benchmark was up 0.06% in early […]

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EU’s trade deal offer to Britain ‘remains unacceptable’: UK source

2/2 © Reuters. EU Commission President von der Leyen meets British PM Johnson in Brussels 2/2 LONDON (Reuters) – Talks between Britain and the European Union on a post-Brexit trade deal will continue overnight but London believes the current offer from the EU remains unacceptable, a British government source said on Saturday. British Prime Minister […]

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Coca-Cola European Partners makes $6.6 billion takeover offer for Coca-Cola Amatil

© Reuters. FILE PHOTO: Workers walk at PT Coca-Cola Amatil Indonesia’s factory in Cibitung (Reuters) – Coca-Cola Amatil Ltd (AX:) said on Monday that Coca-Cola European Partners (L:) offered to buy the Australian bottler for A$ 9.23 billion ($ 6.58 billion), in what would be the country’s biggest deal this year. The world’s largest independent […]

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U.S. pipeline companies hit by weak demand offer enticements to keep shippers

© Reuters. Some of the 27 oil tankers anchored viewed by helicopter off shore from Long Beach By Devika Krishna Kumar and Arathy S Nair NEW YORK (Reuters) – U.S. pipeline companies are sweetening terms in a competition to keep producers using their lines as the industry downturn caused by the coronavirus pandemic means there […]

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France to look with ‘fairness’ at any offer for Engie’s Suez stake: Le Maire

3/3 © Reuters. FILE PHOTO: Logo of french gas and power group Engie 2/3 PARIS (Reuters) – The French state will look with “fairness” at waste and water management company Veolia’s (PA:) offer for Engie’s (PA:) stake in Suez (PA:) as well as at any other offer that could emerge, Finance Minister Bruno Le Maire […]

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Will the Fed Offer More Than Mere Change in Ambitions?

Asian stocks posted modest gains, while European equities have been moderately declining as wait-and-see stance seems to be the most preferable ahead of Jeremy Powell’s landmark speech today. There is some sense that the speech of the Fed head will be some kind of “prelude” before the September meeting, at which the Fed is expected […]

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EU Mulls over France’s Offer to Fuel Growth with more Debt

Paris offered European Commission to issue bonds in order to finance the European Union Recovery Fund. Proposed pace of the issue – 150-300 billion euros per year conducted through the period of 2021-23. “The size should be at least 1-2% of EU GNI per year over the next three years, which will provide the EU […]

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RBS investor group accepts offer to end lawsuit over 2008 cash call

© Reuters. FILE PHOTO: FILE PHOTO: People walk past a Royal Bank of Scotland office in London By Kirstin Ridley and Andrew MacAskill LONDON (Reuters) – A group representing Royal Bank of Scotland (L:) investors has accepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former CEO Fred Goodwin to account […]

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