Oil slips, retreats from gains notched on strong Chinese data

Oil prices edged lower on Monday, pulling back from early gains fostered on strong Chinese economic news and ongoing supply restraint from major oil producers.

U.S. airlines see recovery 'with legs,' shares climb to pre-pandemic levels

U.S. airline executives on Monday pointed to concrete signs of a domestic leisure travel recovery as a slowing pandemic drives spring and summer bookings, pushing shares to their highest level since the coronavirus crisis hit the sector a year ago.

Stripe's value hits $95 billion after payment giant's latest fundraising

Digital payments giant Stripe's value soared to $95 billion after it capitalised on a boom in ecommerce with a round of funding that pushed it past Elon Musk's SpaceX as the most valuable U.S. startup.

BBVA to seek shareholders' approval to reduce capital by up to 10%

Spain's BBVA on Monday said it would seek the approval from its shareholders to reduce the bank's share capital up to 10% to carry out a previously announced share buy-back.

Top Wizz Air shareholder to sell up to 400 million pounds worth of stock

Wizz Air's largest shareholder, Indigo Partners LLC, is planning to sell up to 400 million pounds ($555.56 million) worth of shares in the Hungarian low-cost airline, Barclays Bank said on Monday.

Dow hits record high as Wall Street rises

Wall Street climbed on Monday, with the Dow hitting an intra-day record high, as investors awaited cues from the Federal Reserve this week amid caution over rising borrowing costs spurred by massive fiscal stimulus.

Exclusive: Colombian softgel maker Procaps in talks to go public on Nasdaq - sources

Colombian softgel maker Procaps S.A.S. is in talks to go public on Nasdaq through a merger with U.S. blank-check company Union Acquisition Corp II in a deal which would value it at more than $1 billion, people familiar with the matter said on Monday.

Rogers' $16 billion bid for Shaw shakes up Canadian telecoms industry, may irk regulators

Rogers Communications Inc said on Monday it was buying Shaw Communications Inc for about C$20 billion ($16.02 billion) in a deal that would create Canada's second-largest cellular and cable operator but might attract stiff regulatory scrutiny.

Chocolate chain Thorntons to close UK stores, 600 jobs at risk

Thorntons, the 110-year-old British chocolatier and retailer, said on Monday it would permanently close all 61 UK stores, putting 603 jobs at risk, blaming the impact of COVID-19 lockdown restrictions.

Exclusive: China's JD.com in talks to buy stake worth $1.5 billion in brokerage - sources

(This March 12 story corrects paragraph four to say JD.com is China's biggest e-commerce company by revenue, not 2nd-biggest)

U.S. pandemic relief program mistakenly paid $692 million in duplicate loans -watchdog

The U.S. Small Business Administration (SBA) mistakenly paid out $692 million in duplicate small-business pandemic relief loans because of technical errors and other mistakes, the agency's internal watchdog said on Monday.

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