China’s Unipec is reselling some of the crude oil it imports from the United States to buyers in India and South Korea to avoid tariffs Beijing imposed in its trade war with the U.S., three sources with knowledge of the matter said on Thursday.
Spanish fashion brand Zara, seeking to avoid becoming embroiled in controversy over protests in Hong Kong, issued a statement on Chinese social media expressing support for China’s sovereignty over the Asian financial hub.
Bayer said a law firm it had commissioned to investigate a compilation of data on journalists, politicians and researchers by Monsanto had found no evidence of illegal behavior by the seed maker that Bayer acquired last year.
Turkey is increasingly confident German carmaker Volkswagen will build a production plant in the country after an “extremely positive” meeting between a senior company official and President Tayyip Erdogan this week, three Turkish sources said.
Finland’s Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region’s biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.
Unipec is reselling some U.S. crude oil meant for China to buyers in India and South Korea after Beijing imposed a tariff on U.S. oil amid escalating trade tensions with Washington, three sources with knowledge of the matter said on Thursday.
European shares rose to fresh one-month highs and safe-haven assets such as gold and the yen fell after news of U.S.-China talks set for early October raised hopes of a de-escalation in their trade war before it further damages the world economy.
Nissan Motor Co was embroiled in another scandal over executive pay on Thursday after Chief Executive Hiroto Saikawa admitted to being overpaid in violation of internal procedures under a scheme designed by ousted Chairman Carlos Ghosn.
China and the United States on Thursday agreed to hold high-level trade talks in early October in Washington, amid fears that an escalating trade war could trigger a global economic recession.
Danske Bank named Stephan Engels from Commerzbank as its finance chief on Thursday, in an ongoing overhaul by the Danish lender’s new boss to restore trust after its involvement in a damaging money laundering scandal.
Danske Bank named Stephan Engels from Commerzbank as its finance chief on Thursday, the latest step by the Danish lender’s new boss to restore trust after its involvement in a damaging money laundering scandal.
China’s commerce ministry said on Thursday that a phone call on Thursday with U.S. top trade negotiators went very well, adding that Beijing opposes any escalation in the trade war.
Danske Bank on Thursday announced the appointment of Stephan Engels from Commerzbank as chief financial officer to replace Christian Baltzer.
Commerzbank’s Chief Financial Officer Stephan Engels is stepping down next year, Germany’s second-largest listed lender said on Thursday.
Asian shares extended gains on Thursday and U.S. stock futures jumped after China said it will hold trade talks with the United States in early October, raising hopes they can de-escalate their trade war before it inflicts further damage on the global economy.
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