Business News
Former Fiat Chrysler CEO Marchionne dies
Former Fiat Chrysler chief executive Sergio Marchionne has died, the carmaker’s controlling family shareholder said on Wednesday.
Year: 2018
Trading Ideas
Confusion reigns as Facebook briefly receives China business license
Facebook’s long-running effort to go into China got a boost this week after …read more […]
Business News
Strike-hit Ryanair warns of job losses as cuts Dublin fleet
Irish airline Ryanair has told over 300 pilots and cabin crew that they may lose their jobs as it cuts its Dublin-based fleet by 20 percent for the winter season after recent strikes hurt bookings and airfares in its home market.
Business News
Deutsche Bank to redeploy capital to trading operations
Deutsche Bank will start to plow more money into its investment banking operations and expects the business to pick up after lagging peers’ performance in the quarter.
Business News
EU readying tariffs on $20 billion of U.S. goods, commissioner tells newspaper
The European Union Commission is preparing to introduce tariffs on $20 billion of U.S. goods if Washington imposes trade levies on imported cars, EU trade commissioner Cecilia Malmstrom told the Swedish newspaper Dagens Nyheter on Wednesday.
Business News
Strike-hit Ryanair warns of job losses as cuts Dublin-based fleet
Irish airline Ryanair has told over 300 over pilots and cabin crew that they may lose their jobs as it cuts its Dublin-based fleet by 20 percent for the winter season after recent strikes hurt forward bookings.
Business News
EDF ups costs for Flamanville reactor after finding more flaws
France’s state-controlled power group EDF pushed back the timetable for its Flamanville nuclear reactor project by a year, after it found further flaws, and added the project would now cost more than previously forecast.
Business News
Daimler and China’s Baidu deepen automated driving alliance
German carmaker Daimler said it will deepen a partnership with China’s Baidu on automated driving and vehicle connectivity services.
Business News
EU preparing counter-tariffs on $20 billion of U.S. goods: commissioner to paper
The European Union Commission is preparing to introduce tariffs on $20 billion of U.S. goods if Washington imposes trade levies on imports of cars, EU trade commissioner Cecilia Malmstrom told Swedish daily Dagens Nyheter on Wednesday.
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Rep: Pop star Demi Lovato awake and recovering with family
A representative for Demi Lovato says she is awake and recovering with her family after the pop singer was reportedly hospitalized Tuesday for an overdose. “Demi is awake and with her family who want to express thanks to everyone for the love, prayers and support,” Lovato’s representative said in a statement Tuesday evening. The statement did not provide any details on what led to the singer’s hospitalization. …read more […]
Business News
EU commissioner suggests broad cuts to tariffs with U.S.
The European Union’s budget commissioner, Guenther Oettinger, said on Wednesday the bloc could try to seek a wide reduction of tariffs in negotiations with the United States this year.
Business News
Deutsche Bank second-quarter net profit drops as new CEO overhauls lender
Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany’s largest bank restructures under new leadership.
Business News
Asia stocks track Wall Street rise, U.S.-EU meet keeps trade in focus
Asian stocks rose modestly on Wednesday, supported by upbeat Wall Street earnings and hopes China’s government spending would boost growth but trade tensions remained in focus ahead of a meeting between the U.S. and European Commission presidents.
Business News
Fear factor: China steel exporters delay shipments, giving space to rivals
Tight checks by Chinese customs officials to halt the smuggling of scrap steel to Southeast Asia have forced some exporters to cancel or delay shipments, benefiting rivals like Russia that are prowling for market share amid a raging Sino-U.S. trade war.
Business News
Crown Resorts’ Australian tax dispute headed for court challenge
Casino operator Crown Resorts Ltd’s dispute over a A$362 million ($270 million) tax bill is scheduled to be heard in an Australian court next month, legal filings show, after the tax office refused leniency.