Business

Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps.

Stellantis, the carmaker created by combining Fiat Chrysler and Peugeot-owner PSA, enjoyed a positive start on Monday, its shares rising 8% on their European market debut and valuing the business at around 42 billion euros ($51 billion).

Logitech International on Tuesday raised its annual forecasts and reported a more than three-fold jump in quarterly adjusted operating income, benefiting from a pandemic-driven boost in demand for work-from-home products and gaming accessories.

Brent crude futures edged up on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption.

U.S. President-elect Joe Biden will nominate Gary Gensler to serve as the commissioner of the Securities and Exchange Commission and Federal Trade Commission member Rohit Chopra to head the Consumer Financial Protection Bureau, the campaign said in a statement on Monday.

Canada said on Monday it will lift a near two-year flight ban on Boeing Co's 737 MAX on Jan. 20, joining other countries like the United States that have brought the aircraft back following two fatal crashes involving the model.