Traders book tankers in Europe to ship gasoline across Atlantic after Colonial shutdown

© Reuters. FILE PHOTO: Holding tanks are seen at Colonial Pipeline’s Charlotte Tank Farm in Charlotte, North Carolina, U.S. in an undated photograph. Colonial Pipeline/Handout via REUTERS. By Ahmad Ghaddar and Ron Bousso LONDON (Reuters) -Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that […]

Continue Reading

JP Morgan loses activism defense bankers in U.S., Europe

© Reuters. FILE PHOTO: A J.P. Morgan logo is seen in New York City By Svea Herbst-Bayliss BOSTON (Reuters) – Two senior JP Morgan Chase (NYSE:) & Co executives responsible for defending corporate clients against activist investors who push for companies to perform better have left the bank, three sources said. Benjamin Wilson, head of […]

Continue Reading

Nissan Motor to reduce presence in Europe as part of turnaround plan -Yomiuri

© Reuters. FILE PHOTO: The logo of Nissan Motor Corp. is displayed the company’s showroom in Tokyo TOKYO (Reuters) -Nissan Motor is planning to further reduce its presence in Europe and outsource the sales and manufacturing of its cars to alliance partner Renault (PA:), the daily Yomiuri newspaper reported on Friday. As part of its […]

Continue Reading

Europe Confidence Slips, Bitcoin Corrects, Slack Talk – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — Germany extends its lockdown restrictions through December 20th – but doesn’t tighten them much despite failing to bring down its infection curve. Consumer confidence in Europe’s two biggest economies falls. corrects sharply downward, and corrects even more sharply. Salesforce (NYSE:) is reported to be close to buying Slack and […]

Continue Reading

Tesla raises prices for Model S across Europe

© Reuters. A Tesla Model S steering wheel is on display at the Canadian International AutoShow in Toronto (Reuters) – Tesla (NASDAQ:) Inc has increased prices for its Model S sedan across Europe, with rates varying in different countries, according to the electric automaker’s website. The price for Model S in Germany currently stands at […]

Continue Reading

Good News on Vaccines, Europe PMIs, Mideast Meeting – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — The dollar weakens and risk assets got a boost after more positive vaccine news, this time from AstraZeneca. A federal judge in Pennsylvania has thrown out a lawsuit aimed at overturning the result of the U.S. presidential election. U.S. stock markets are set for a higher open, but […]

Continue Reading

Rivian CEO eyes smaller electric vehicles for China, Europe

© Reuters. FILE PHOTO: Rivian introduces all-electric R1S SUV at LA Auto Show in Los Angeles, California By Ben Klayman and Paul Lienert DETROIT (Reuters) – Electric vehicle startup Rivian, which is backed by Amazon (O:) and Ford Motor Co (N:), on Wednesday said it plans to follow up its first two products, a full-size […]

Continue Reading

Cross-border mergers in Europe would help diversify banks: ECB’s de Cos

© Reuters. FILE PHOTO: FILE PHOTO: ECB headquarters in Frankfurt MADRID (Reuters) – European monetary policymaker Pablo Hernandez de Cos on Monday called for cross-border banking consolidation in Europe to strengthen the European banking union and increase lenders’ geographical diversification. European banks are under growing pressure to join forces to deal with rising bad debts […]

Continue Reading

More than 7,500 finance jobs have left Britain for Europe, EY Brexit tracker

© Reuters. FILE PHOTO: Skyscrapers stand at sunset in the city of London’s financial district in London By Huw Jones LONDON (Reuters) – More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said on Thursday. […]

Continue Reading