Canada stocks higher at close of trade; S&P/TSX Composite up 0.67% By Investing.com

© Reuters. Canada stocks higher at close of trade; S&P/TSX Composite up 0.67% Investing.com – Canada stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Toronto, the added 0.67% to hit a new 6-months high. The best performers of the session on the were TransAlta Corp (TO:), which rose 7.13% or 0.59 points to trade at 8.86 at the close. Meanwhile, Aphria Inc (TO:) added 6.40% or 0.820 points to end at 13.640 and Precision Drilling Corporation…

Merger of Deutsche Bank, Commerzbank could cost 20,000 jobs: union chief By Reuters

© Reuters. FILE PHOTO: FILE PHOTO: Banners of Deutsche Bank and Commerzbank are pictured in front of the German share price index, DAX in Frankfurt FRANKFURT (Reuters) – A merger of Deutsche Bank (DE:) and Commerzbank (DE:) could put 20,000 jobs at risk, the head of labor union Verdi said in a media interview on Monday, a day after the two banks confirmed they were discussing the possibility. “Some 20,000 or more positions could come under fire,” Frank Bsirske, chief of Verdi and a supervisory board member at Deutsche Bank,…

Renault-Nissan must streamline decision-making: Renault’s Senard By Reuters

© Reuters. Renault Chairman Jean-Dominique Senard attends a joint news conference in Yokohama PARIS (Reuters) – Renault (PA:) and Nissan must streamline decision-making in the car-making alliance and boosting the companies’ cross-shareholding is not currently in their plans, Renault’s chairman said in comments published on Sunday. Japan’s Nissan Motor and France’s Renault, together with junior ally Mitsubishi Motors, agreed last week that they would retool the alliance to put themselves on a more equal footing. “I’ve concluded that we need to considerably simplify our decision processes in the alliance,” Renault…

Lyft to launch road show for up to $2 billion IPO: sources By Reuters

© Reuters. FILE PHOTO: An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego By Carl O’Donnell and Joshua Franklin (Reuters) – Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter. Lyft will be seeking to convince investors to make large commitments to its IPO, rather than hold out for…

Exclusive: Indian antitrust watchdog raids Glencore business, others over pulse prices

© Reuters. FILE PHOTO: The logo of commodities trader Glencore is pictured in Baar By Aditya Kalra and Mayank Bhardwaj NEW DELHI (Reuters) – India’s antitrust watchdog raided units of global commodities trader Glencore (LON:) and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters. More than 25 antitrust officials carried out the raids at the offices of local units of Glencore and Africa’s Export Trading Group, and India’s Edelweiss group which…