Oil edges up after dip on disappointing OPEC meeting outcome
LONDON Oil prices edged back up on Friday after a 5 percent fall in the previous session on disappointment that an OPEC-led decision to extend current production curbs did not go deeper.
LONDON Bank of America Merrill Lynch (BAC.N) has hired JP Morgan's (JPM.N) Johan Lustig to lead its global corporate and investment banking division in the Nordic region, it said on Monday.
Lustig, who has spent his entire 17-year career at JP Morgan, most recently as head of Sweden, will be based in Stockholm and report to Bob Elfring and Diego De Giorgi, BoAML's co-heads of investment banking for the Europe, Middle East and Africa (EMEA) region.
In an internal announcement, the bank said Harri Sundvik, who has led the investment bank in the Nordic region since 2006, had been appointed its vice chairman.
BoAML also announced on Monday that Birger Berendes, currently a partner and managing director at Greenhill, a boutique M&A firm, would join the bank in June as head of M&A for Germany, Austria and Switzerland.
The appointments follow a string of senior hirings at the U.S. bank's EMEA operations, including Kevin McLoughlin as head of global insurance investment banking and Michele Foresti as head of EMEA fixed income, commodities and currency trading.
(Reporting by Clare Hutchison; Editing by Mark Potter)
TOKYO The current level of U.S. prices is noticeably lower than what it would be if the Federal Reserve had delivered on its 2-percent inflation target, St. Louis Federal Reserve President James Bullard said, calling the trend "worrisome."
MUNICH German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.