Year: 2019

Deutsche Bank is focused on getting the German lender on a path to sustainable profitability, a well-informed Deutsche Bank source told Reuters on Thursday.

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U.S. industrial conglomerate General Electric Co reported a $666 million profit for the fourth quarter, recovering from the $23 billion charge it took three months ago as it began restructuring under a new chief executive.

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Hundreds of listed Chinese companies – from hog farmers struggling to buy pig feed, to glassware makers unable to collect receivables – flagged big losses for 2018, victim to a slowing economy and Beijing’s deleveraging.

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Sweden’s H&M disappointed investors with a 10 percent tumble in quarterly profit, the world’s second largest fashion retailer blaming investment aimed at boosting its online business for the decline.

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Qatar Airways has upgraded an existing order for 50 Airbus A321neo jets to include 10 long-range models, as a regional diplomatic rift has forced the airline to fly longer routes.

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Soothing sounds from the Federal Reserve propelled world stocks to their best January on record on Thursday, although having scored stellar gains this time last year only to flop spectacularly, traders were trying not to get too carried away.

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Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by troubles in Latin America and weak growth in developed markets, showing the challenges facing new Chief Executive Alan Jope.

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Fashion retailer H&M reported an unexpected fall in quarterly pretax profit on Thursday as it invested in new warehouses to try to capture a bigger share of the fast-growing online market.

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France’s competition regulator has ordered Google to take measures regarding some of its advertising methods, saying these had hit French firm Amadeus which runs a directory service in France.

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Japan’s Nintendo Co Ltd on Thursday slashed its full-year hardware forecast for the hybrid home-portable Switch console, revising a figure that had been treated with scepticism by investors and added to pressure on its share price.

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Deutsche Bank is expecting a government-brokered merger with rival Commerzbank by mid-year if efforts to restructure the lender fall short of targets, Bloomberg reported on Thursday.

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Hyundai Heavy Industries, the world’s biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.

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Korea Development Bank, the biggest shareholder of Daewoo Shipbuilding and Marine Engineering Co Ltd, on Thursday said it has signed a conditional deal with Hyundai Heavy Industries Group to sell Daewoo shares.

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Nokia warned of a soft start to 2019 before a better second half for its fifth-generation (5G) mobile network technology, sending its shares sharply lower on Thursday.

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PetroChina Co plans to drop Petroleos de Venezuela SA (PDVSA) as a partner in a planned $10 billion oil refinery and petrochemical project in southern China, said three sources familiar with the matter this week.

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