The chief executive of Deutsche Bank, Christian Sewing, said on Wednesday the lender had the biggest interest in cooperating with German prosecutors who searched its offices in November as part of an investigation into money laundering allegations.
From centre-stage in Davos last year, President Donald Trump told the world’s corporate bosses that America is a great place to invest. It hasn’t quite turned out that way.
Hedge fund manager David Einhorn’s Greenlight Capital, which had its worst year in 2018, is up 11 percent so far this year and will soon be open to take in new cash, a source familiar with the matter said on Wednesday.
Hedge fund manager David Einhorn, whose Greenlight Capital suffered its worst year ever in 2018, told investors that he had made some changes to the portfolio, including selling Bayer , Mylan and Perrigo last year.
U.S. stocks rose on Wednesday, as strong earnings from IBM, United Technologies and Procter & Gamble led a rebound for Wall Street from its second biggest decline in 2019.
The last of three former senior directors of Tesco accused of fraud at Britain’s biggest retailer in 2014 has been formally acquitted, leaving the Serious Fraud Office without a conviction for the accounting scandal.
A top executive from Huawei Technologies Co Ltd [HWT.UL] can make a good case against being extradited to the United States, in part due to remarks made by U.S. President Donald Trump, Canada’s ambassador to China said in comments broadcast on Wednesday.
Strong earnings from IBM, United Technologies and Procter & Gamble boosted the Dow Jones Industrial Average at the open on Wednesday and propelled a rebound in U.S. stocks from its second biggest decline in 2019.
Activist investor Sahm Adrangi, who cemented his reputation with successful bets against Chinese internet companies, said that he has taken a short position against Qualcomm Inc , arguing the chip supplier’s stock price could shrink by half.
United Technologies Corp beat analysts’ estimates for fourth-quarter profit on Wednesday, boosted by a lower tax rate and double-digit sales growth at its aerospace businesses, sending the industrial conglomerate’s shares up 5 percent.
Procter & Gamble Co raised its full-year sales forecast and beat Wall Street estimates for quarterly revenue and profit on Wednesday, driven by price increases and robust demand for detergent and premium skin care brands.
Global markets recovered from earlier losses on Wednesday as investors made a cautious return to riskier assets, with U.S. futures and European stocks higher even as worries about corporate and economic growth lingered.
Hundreds of taxi drivers protested outside one of Madrid’s largest tourist fairs on Wednesday, using their cabs to block access roads and burning rubbish as part of an open-ended strike against Uber and other ride-hailing services.
Europe’s competition commissioner has signaled her scepticism about the merger of Siemens’s and Alstom’s rail businesses by describing both companies as world champions that can compete globally.
Global markets recovered from earlier losses on Wednesday as investors made a cautious return to riskier assets, with the dollar rising and U.S. futures higher though worries about corporate and economic growth lingered.
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