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  • SINGAPORE— Singapore's competition watchdog has fined ride-hailing giant Uber and its regional rival Grab 13 million Singapore dollars for a merger in Southeast Asia that the agency says has driven up fares and reduced competition in the market. The Competition and Consumer Commission of Singapore said Monday that Uber's sale of its regional business to...

  • SYDNEY/ MELBOURNE, Sept 24- U.S.-based Coronado Global Resources Inc launched what is set to be Australia's biggest coal mining float in six years with an IPO that seeks to raise up to A $1.3 billion and capitalise on Asian demand for the steelmaking commodity. Coronado, which is backed by U.S. private equity firm Energy and Minerals Group, said in a statement on...

  • COPENHAGEN, Sept 24- Danske Bank's board is close to appointing a new chief executive to replace Thomas Borgen who resigned last week amid a money laundering scandal, Danish online media Finans reported on Monday, citing unnamed sources. Several sources point to the current head of wealth management and former chief financial officer at the bank, Jacob...

  • *Hang Seng index ends down 1.6 pct China Enterprises index HSCE falls 1.8 pct HSI financial sub-index 1.5 pct lower; property down 2.2 pct. HONG KONG, Sept 24- Hong Kong's main Hang Seng index ended weaker on Monday led by a decline in Chinese property stocks, snapping a four-session winning streak. *Participants await the next move in an escalating trade fight as...

  • PARIS, Sept 24- The heads of French supermarket retailers Casino and Carrefour met on Sept 12 to discuss a broad range of topics regarding opportunities for the two companies, said two sources with knowledge of the matter. The morning meeting between Carrefour head Alexandre Bompard and Casino's boss Jean-Charles Naouri took place at an unidentified third...

  • *Production decline Venezuela, firm demand to help boost prices. SINGAPORE, Sept 24- Iran will export significantly less oil than was initially expected when the United States first announced it would reimpose sanctions on Tehran, and that should boost prices, a senior executive at commodities trader Trafigura said on Monday. Buyers across Asia have come under...

  • BEIJING, Sept 24- China's northern region of Inner Mongolia has reported a new outbreak of African swine fever, the agriculture ministry said on Monday, as authorities struggle to contain the highly contagious disease. The Ministry of Agriculture and Rural Affairs said a slaughterhouse in the city of Hohhot reported the outbreak, adding that four pigs were...

  • BERLIN, Sept 24- German business morale deteriorated less than expected in September, a survey showed on Monday, suggesting that company executives have become somewhat less confident about the growth outlook of Europe's biggest economy. The Munich- based Ifo economic institute said its business climate index fell to 103.7 from a revised 103.9 the month...

  • LONDON, Sept 24- The British pound bounced half a percent to above $1.31 on Monday after a big selloff in the previous session, helped by comments from Britain's Brexit Secretary that a deal with the European Union was still possible. Brexit Secretary Dominic Raab said he was confident that the United Kingdom will make progress and eventually clinch a Brexit...

  • BERLIN, Sept 24- German business morale deteriorated slightly less than expected in September, a survey showed on Monday, suggesting that company executives have become somewhat less confident about the growth outlook of Europe's biggest economy. The Munich- based Ifo economic institute said its business climate index fell to 103.7 after a revised 103.9 in...

  • NEW DELHI, Sept 24- Indian refiners are considering using their oil inventories to cut import costs as global oil prices have risen to about $80 a barrel and the Indian rupee has plunged, said the chairman of the nation's top oil refiner, Indian Oil Corp..

  • *Italy govt must present budget targets this week. European Central Bank President Mario Draghi speaks at the European Parliament later on Monday, while the U.S. In Italy, the chief economic advisor for the League, one of the two parties in the ruling coalition, said on Monday that a deficit target of 2.5 percent of gross domestic product in the 2019 budget, coupled...

  • *Market tightening ahead of new Iran sanctions. LONDON, Sept 24- Oil prices rose 2 percent on Monday as U.S. sanctions restricted Iranian crude exports, tightening global supply, with some traders forecasting a spike in crude to as much as $100 per barrel. Commodity traders Trafigura and Mercuria said on Monday that Brent could rise to $90 per barrel by Christmas...

  • The message from Saudi Arabia, the biggest producer in the Organization of the Petroleum Exporting Countries, and its ally Russia is that there is no need for extra crude in the market. But the rise in prices doesn't seem to be an issue for Saudi Arabia, with Energy Minister Khalid al-Falih saying after a meeting of OPEC and its allies in Algiers at the weekend that...

  • LONDON, Sept 24- The U.S.- China trade war bit again on Monday, denting European stock markets after tariffs from the world's biggest economies came into force and China cancelled planned talks, triggering new fears of a protracted, costly trade dispute. Europe's STOXX 600 fell 0.1 percent with Germany's trade-sensitive DAX down 0.3 percent.

  • BARRICK SAYS DOES NOT ANTICIPATE JOB CUTS AT RANDGOLD AT OPERATIONAL, MANAGEMENT LEVELS AS RESULT OF MERGER.

  • PARIS, Sept 24- French supermarket group Casino, whose shares have slumped this year due to concerns over its debt, said it had rejected a tie-up approach from domestic rival Carrefour, although Carrefour denied making any overtures. It added: "The board of directors also acknowledged the barriers, in France and in Brazil, to a combination with Carrefour,...

  • LONDON, Sept 24- Shares in Sky jumped 9 percent to 17.22 pounds in early trade on Monday, just below the 17.28 pounds a share Comcast bid on Saturday to beat Twenty-First Century Fox in the battle for Europe's biggest pay-TV group. The U.S. cable-TV giant offered $40 billion to buy the group in a rare auction that brought to an end a protracted takeover battle.

  • Following are some of the highlights of Shell's history in Nigeria:. 1936- The Royal Dutch Shell Group establishes a Nigerian venture with the precursor company of BP Plc. The first shipment of oil from Nigeria takes place in 1958.. 1979- The Shell Petroleum Development Company of Nigeria is established, incorporating assets of the older Shell-BP consortium.

  • LONDON, Sept 24- A meaningful boost to wage growth still looks elusive for most countries despite a robust global economy over the last year, an annual report on the world's labour market showed on Monday. The Organisation for Economic Cooperation and Development predicts economic output per worker in major economies will grow on average by 1.1 percent this...