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Home2018

Year: 2018

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Business News

Unilever CEO retires after investor row, replaced by insider Jope

November 29, 2018 admin Comments Off on Unilever CEO retires after investor row, replaced by insider Jope

Unilever Chief Executive Paul Polman is retiring less than two months after a damaging row with shareholders and will be succeeded in January by Alan Jope, the head of the Anglo-Dutch group’s beauty business.

…read more […]

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Business News

Oil falls, heading for biggest monthly slide since 2008

November 29, 2018 admin Comments Off on Oil falls, heading for biggest monthly slide since 2008

Oil fell on Thursday, bringing losses for the month so far to 23 percent, marking its largest one-month fall since the depths of the financial crisis in 2008.

…read more […]

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Business News

Ad buyers skeptical as Snap looks beyond teens for growth

November 29, 2018 admin Comments Off on Ad buyers skeptical as Snap looks beyond teens for growth

Snap Inc has pinned its hopes on the over-35 crowd to revive user growth for its photo messaging app, a shift ad buyers said could backfire.

…read more […]

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Business News

Renault-Nissan in first crisis meeting since Ghosn arrest

November 29, 2018 admin Comments Off on Renault-Nissan in first crisis meeting since Ghosn arrest

Renault and Nissan “emphatically reiterated” their commitment to one another on Thursday as executives gathered for talks likely to address the future of the alliance, rocked by the arrest of Chairman Carlos Ghosn.

…read more […]

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Business News

Deutsche searched in money laundering probe over Panama Papers

November 29, 2018 admin Comments Off on Deutsche searched in money laundering probe over Panama Papers

Around 170 police officers, prosecutors and tax inspectors searched six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations, the Frankfurt public prosecutor’s office said in a statement.

…read more […]

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Business News

South Korea indicts group for leaking Samsung display tech to Chinese firm

November 29, 2018 admin Comments Off on South Korea indicts group for leaking Samsung display tech to Chinese firm

South Korean prosecutors on Thursday said they have indicted nine people on suspicion of leaking Samsung Electronics Co Ltd flexible display technology to a Chinese company.

…read more […]

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German antitrust watchdog launches probe into Amazon

November 29, 2018 admin Comments Off on German antitrust watchdog launches probe into Amazon

Germany’s antitrust authority has launched an investigation into whether U.S. ecommerce giant Amazon is exploiting its market dominance in its relations with third-party retailers who use its website as a marketplace.

…read more […]

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Deutsche Bank offices searched in money laundering probe

November 29, 2018 admin Comments Off on Deutsche Bank offices searched in money laundering probe

Roughly 170 criminal police officers, prosecutors and tax inspectors on Thursday searched six Deutsche Bank offices in and around Frankfurt on money laundering allegations, the Frankfurt public prosecutor’s office said in a statement.

…read more […]

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Volvo Cars has no current plans for stockmarket listing: CEO

November 29, 2018 admin Comments Off on Volvo Cars has no current plans for stockmarket listing: CEO

Volvo Cars, owned by China’s Geely, has no current plans to go for a stockmarket listing, its chief executive said, more than two months after the Swedish carmaker postponed its flotation blaming trade tensions and an automotive stocks downturn.

…read more […]

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World stocks and bonds rise as market prices in more dovish Fed

November 29, 2018 admin Comments Off on World stocks and bonds rise as market prices in more dovish Fed

A more dovish tone from Fed Chairman Jerome Powell helped to revive risk appetite on Thursday, driving world stocks to their highest in more than two weeks, as European equities joined a global rally and core bond yields fell.

…read more […]

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Ford Europe boss says no deal Brexit would be a ‘catastrophe’

November 29, 2018 admin Comments Off on Ford Europe boss says no deal Brexit would be a ‘catastrophe’

U.S. carmaker Ford , Britain’s biggest automotive engine builder, warned that a no-deal Brexit would be a “catastrophe” and that the agreement between London and Brussels should be approved.

…read more […]

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Business News

Investigators search Deutsche Bank offices on money laundering allegations

November 29, 2018 admin Comments Off on Investigators search Deutsche Bank offices on money laundering allegations

Roughly 170 criminal police officers, prosecutors and tax inspectors on Thursday searched six Deutsche Bank offices in and around Frankfurt on money laundering allegations, the public prosecutor said in a statement.

…read more […]

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Business News

Blockchain platform goes live for North Sea crude oil trading

November 29, 2018 admin Comments Off on Blockchain platform goes live for North Sea crude oil trading

Oil majors and trading firms can start finalizing crude oil deals on a live blockchain-based platform for the first time, in a move that could revolutionize the market.

…read more […]

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Business News

Tokyo prosecutors plan to seek extension of Ghosn’s detention: Kyodo

November 29, 2018 admin Comments Off on Tokyo prosecutors plan to seek extension of Ghosn’s detention: Kyodo

Tokyo prosecutors plan to seek an extension of Carlos Ghosn’s detention, after the ousted chairman of Nissan Motor Co was arrested last week for alleged financial misconduct, Kyodo News reported on Thursday.

…read more […]

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Business News

Indonesia’s Go-Jek starts trial launch in Singapore, challenges Grab

November 29, 2018 admin Comments Off on Indonesia’s Go-Jek starts trial launch in Singapore, challenges Grab

Indonesian ride-hailing firm Go-Jek kicked off a trial launch in parts of Singapore on Thursday and plans to roll out an array of services through its app in early 2019, challenging dominant player Grab in the small city-state.

…read more […]

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