Category: Business

The Teamsters Union on Monday urged shareholders of oil refiner Marathon Petroleum Corp to vote against an approval on executive compensation, arguing that the company provides outsized and unnecessary exit packages for top leaders. The union said in a letter released on Monday that shareholders should at an April 28 meeting instead vote in favor […]

Bitcoin jumped to a one-week high on Monday, rising as much as 4.5% to $58,300 and nearing a record high above $61,000 hit earlier this month. Visa Inc said earlier it would allow the use of cryptocurrency to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the […]

Food delivery group Deliveroo has narrowed the price range on its initial public offering, ensuring its order books were fully covered for what will be London’s biggest IPO in a decade. The London-based company, founded by boss William Shu in 2013, could be valued at up to 7.85 billion pounds ($10.85 billion) in its stock […]

Petrol and Diesel prices remained unaltered across the country for the ninth consecutive day on Thursday, April 8, despite a fall in the global crude rates. In the global markets, Brent was trading at USD 63.13 per barrel, while the West Texas Intermediate (WTI) was at USD 59.72 per barrel. The prices of both auto […]

France and the European Union are close to a deal on a bailout for Air France, which like other carriers has been hammered by the coronavirus pandemic, Finance Minister Bruno Le Maire said on Monday, confirming media reports. “We are nearing a deal…It is a matter days,” Le Maire told France Info radio, adding there […]

Deutsche Bank CEO Christian Sewing will hand over oversight of the investment and corporate bank to board member Fabrizio Campelli, the German bank said on Monday, as part of an overhaul of the management board. The move is likely to reassure regulators, who worried that Sewing had too much on his plate, potentially leaving the […]

Citigroup Inc said it will consolidate three of its investment banking groups into one in a push for environmental sustainability, an area that has become critical for investors. The new unit, to be called the Natural Resources and Clean Energy Transition Group, will be headed by Steve Trauber and Sandip Sen. The unit will include […]