Spain’s Allfunds Group is buying Credit Suisse’s business-to-business investment fund platform InvestLab for an undisclosed sum as the investment services industry consolidates to reap the benefits of scale.
Nissan Motor Co Ltd on Tuesday threw cold water on hopes for a quick fix to strained relations with France’s Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance.
Carrefour boss Alexandre Bompard said he had no plans to exit other countries after the French supermarket retailer agreed to sell a majority stake in its Chinese operations to electronics retailer Suning.com.
Asian shares were haunted by trade anxiety Tuesday while the risk of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, propelling gold to fresh six-year peaks.
U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months.
Swiss bank Credit Suisse said on Tuesday it has combined its open-architecture business-to-business investment fund platform – Credit Suisse InvestLab – with Spain-based funds solutions provider Allfunds Group.
Australia’s Domino’s Pizza Enterprises was hit on Tuesday by a class-action lawsuit over employee underpayment which the fast-food chain said it would defend itself against, but its shares fell more than 6% to a four-year low.
Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.
Nissan Motor on Tuesday threw cold water on hopes for a quick-fix to its strained relations with France’s Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance.
Asian shares were hamstrung by trade worries Tuesday as expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while propelling gold prices to six-year peaks.
Nissan Motor Co will postpone talks with French partner Renault on deepening their alliance and instead focus on its own recovery, Chief Executive Hiroto Saikawa said on Tuesday, signaling no quick-fix for the strained automaking partnership.
Nissan Motor Co Ltd Chief Executive Hiroto Saikawa on Tuesday apologized to shareholders for the fallout of a scandal involving former Chairman Carlos Ghosn, which has rocked the automaker and clouded the outlook of its partnership with Renault SA.
Oil prices were steady on Tuesday, supported by worries over conflict between Iran and the United States but pressured by concerns about a potential decline in demand for crude.
U.S. parcel delivery firm FedEx Corp on Monday sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese companies.
Asian stocks were left adrift on Tuesday as expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while lifting gold to six-year peaks.
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