On Monday, the Speaker of the UK Parliament announced that the government cannot submit the same Brexit deal. The deal has to be changed, if it is to be voted upon.
The Mexican government on Monday announced that it will invite four firms to bid for the construction of the state owned oil company's Pemex refinery in Dos Bocas. The new refinery is expected to increase production in Mexico, decrease demand for imports and slightly decrease global oil prices.
During the US trading session on Monday crude oil price benchmarks moved higher. The main reason for the surge were the expected OPEC led oil production cuts.
On Monday, the President of Iran announced that the Iranian government will file a case against the US in an international court. Iran intends to once more complain of the sanctions imposed on the country by the United States.
The Prime Minister of France announced that the yellow vest protests will be banned next Saturday, if the police spot the presence of radical groups. The change of policy might suppress the protests.
On Monday, as Commerzbank and Deutsche Bank were in merger talks, the stock prices of both of the companies increased. The main reason for this surge was the expected consolidation of fixed costs.
Commerzbank, which is in merger talks with Deutsche Bank, announced on Monday that it wants clarity on the merger during the next two to three weeks. The final announcement is set to cause immediate adjustments in the stock prices of both of the companies.
The drug maker Sanofi announced to Reuters on Monday that it is looking for a new CEO. The reason for the announcement is that the company has an age limit of 65 for its CEO. The current CEO will be 65 in February 2021.
At the start of the US trading session Boeing stock price declined. The reason for the decline were the increasing worries caused by the two recent crashes of new Boeing airplanes.
The US finance stocks surged on Monday. Some explained the surge with the upcoming Federal Reserve announcement. It was expected by the markets that the Fed would announce interest rate hikes, which would eventually boost the profits of financial firms.
On Monday, the President of the Russian Federation singed the law, which allows Russian authorities to fine anyone, who spreads "fake news" or disrespects the state. The law is set to decrease the free flow of information on the internet in Russia, which is expected to hit tech companies.
Newell Brands is planning to a sale of is Processing Solutions business unit to the private equity group One Rock Capital Partners in a deal valued at $500M, as the company seeks to cut its costs.
On Monday, the reinsurance firm Swiss Re stated it had helped insure the planemaker Boeing and the carrier Ethiopian Airlines amid an inquiry launched into the fatal crash that claimed lives of 157 people.
On Monday, 3M announced it would reduce its business from five to four units on the back of restructuring, as the company sought to boost growth and increase customer focus.
On Monday, the hotel group Marriott International unveiled its plan to open over 1.7K hotels worldwide and return up to $11B to shareholders by 2021.
Shares in the German lenders Commerzbank and Deutsche Bank surged 5.4% and 3.5% respectively on Monday, after the banks confirmed their merger talks on Sunday.
On Monday, Xerox Corp stated it was exploring a potential "strategic transaction" deal for the company's customer financing business, after considering its leasing unit sale last July.
One of the biggest Chinese peer to peer lenders, Dianrong, on Monday blamed the government for its recent troubles that allegedly were caused by the lack of clearly formulated government policies.
On Monday, Chinese diplomats were visiting Brussels in an effort to dismiss US warnings about Huawei and cool down frustrations in the European Union.
On Monday, the Italian payments company Nexi has launched an initial public offering, seeking to raise up to €700M, while aiming at the overall valuation of about €8.0B.
India's Larsen & Toubro is set to spend about $1.02B in a hostile takeover of the IT services firm Mindtree, according to the Times of India's report published on Monday.
A merger between Deustche Bank and Commerzbank might result in massive job cuts of about 30K positions, the German union Verdi's representative Jan Duscheck stated on Monday.
Fidelity National Information Services, the US fintech group, agreed to acquire the payment processor Worldpay in a deal worth $35B, seeking expansion in the rapidly changing industry.
JD Sports Fashion agreed to acquire its smaller competitor Footasylum in a deal worth $119.3M, about a month after it had raised stake in the youth clothes and footwear seller to over 18%.