Oil held gains near $52 a barrel on optimism the OPEC+ coalition’s production curbs will clear a supply glut that’s already showing signs of decreasing.
Eddie Lampert won a bankruptcy auction for Sears with a plan that will keep the bankrupt retailer in business and seek to save tens of thousands of jobs, according to a person with knowledge of the discussions.
Reckitt Benckiser Group Plc Chief Executive Officer Rakesh Kapoor plans to step down by the end of the year after the U.K. consumer-goods giant struggled to recover from a series of setbacks.
China will be able to counter much of the depreciation pressure weighing on the yuan this year, and the currency is set to drop less than previously expected, according to Societe Generale SA.
Companies in China and Japan will continue their pursuit of overseas acquisitions this year amid the economic growth slowdown and geopolitical uncertainty, according to JPMorgan Chase & Co.
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