Abu Dhabi's NBAD and FGB to Merge

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Abu Dhabi's NBAD and FGB to Merge

Abu Dhabi shares led stocks higher after two of its biggest banks approved plans to merge. Bloomberg's Tracy Alloway reports on “Bloomberg Markets
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Another former DSME exec faces accounting fraud probe

Another ex-boss of Daewoo Shipbuilding & Marine Engineering was grilled by prosecutors in Seoul today. A giant accounting fraud, to the tune of
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Oil's Deficit Dalliance Seen Ending as Disrupted Crude Returns

The oil market surplus that vanished last quarter, helping prices post the best quarter in seven years, may return as early as this month as disrupted supply starts to pump again.
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Power outage affecting flights at Lambert

The downpour damaged an ameren substation this morning causing two transformers to blow, knocking out power to Terminal one – and hundreds of homes – for more than five hours.
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Australia shares shrug off election limbo to rise amid Asia market rally

Australian shares advanced on Monday, shrugging off uncertainty over its inconclusive election outcome over the weekend, to join the continuing post-Brexit rally across Asia markets.
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