BERLIN/FRANKFURT, Nov 25 (Reuters) - The following are some of the factors that may move German stocks on Monday:
Bayer’s Monsanto pleaded guilty to spraying a banned pesticide on the Hawaiian island of Maui, and agreed to pay $10.2 million in criminal fines and other payments for the spraying and for illegally storing hazardous waste, U.S. prosecutors said.
Singapore’s state fund Temasek is standing by its investment in Bayer although litigation over glyphosate-based weed-killer will drag on, the fund’s managing director said.
Italy’s Industry ministry might appoint a new commissioner with a 6 to 12 month mandate to restructure the ailing carrier, Italian daily La Repubblica said on Sunday, adding a candidate was Michael Kraus, the former head of Air Dolomiti, a Lufthansa unit. Lufthansa previously said it would be open to make an investment in Alitalia, if the company will make restructuring progress.
Premium unit Audi wants to cut thousands of jobs to fund a costly transition to electric vehicles, but talks with powerful labour representatives have hit a logjam, two sources familiar with the matter told Reuters.
Separately, Volkswagen still plans to increase productivity in factories by 6% this year, board member Oliver Blume told Automobilwoche.
Singapore’s state investor Temasek, the biggest shareholder in Austria’s AMS, backs the sensor maker’s planned $5 billion takeover of German lighting group Osram, the fund’s managing director told a magazine on Saturday.
TLG Immobilien
The company said a court had confirmed a settlement offered to outside shareholders of WCM.
BORUSSIA DORTMUND - 0.06 eur/shr dividend proposed
Dow Jones +0.4%, S&P 500 +0.2%, Nasdaq +0.2% at close.
Nikkei +0.8%, Shanghai stocks +0.7%.
Time: 6:15 GMT
German ifo business climate due at 0900 GMT. Index seen rising to 95.0 points, with current conditions seen improving to 97.9 and expectations seen rising to 92.5 points.
REUTERS TOP NEWS (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
