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JPMorgan banker testifying for cartel prosecutors says there was no agreement

A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity.


Friday, December 6, 2019
Phoenix to buy Swiss Re's ReAssure unit for $4.1 billion

Insurance group Phoenix Group Holdings on Friday announced its biggest-ever deal, as it agreed to buy the British unit of Swiss Re AG for 3.2 billion pounds ($4.1 billion) in cash and shares


Friday, December 6, 2019
SoftBank's Son cleaves to guts-led investing in chat with Alibaba's Ma

Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc's co-founder Jack Ma.


Friday, December 6, 2019
Italy's Atlantia interested in relaunch not rescue of Alitalia: paper

Italy's Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia [CAITLA.UL], the chairman of the infrastructure group said in an interview on Friday.


Friday, December 6, 2019
Indonesia fines Garuda after CEO fired over smuggled Harley Davidson

Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorbike onboard a new plane, state news agency Antara cited the transport minister as saying.


Friday, December 6, 2019
Asian shares up as trade optimism lingers, oil firm on OPEC+ output cut

Asian stocks gained on Friday as investors took heart from U.S. President Donald Trump saying trade talks with China were "moving right along", and U.S. oil prices sat near 2-1/2-month highs after OPEC and other producers agreed to cut output.


Friday, December 6, 2019
Returning General Motors workers seen boosting U.S. November payrolls

U.S. job growth likely accelerated in November as former striking workers returned to General Motors' payrolls, which would confirm that the economy remained on a moderate expansion path despite a prolonged manufacturing slump.


Friday, December 6, 2019
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