Turkey will be able to make up for the number of tourists lost after Thomas Cook collapsed earlier this week, Tourism Minister Mehmet Ersoy said on Friday, announcing that several airlines are expected to increase flights to the country.
Austrian sensor maker AMS has increased its takeover offer for German lighting group Osram to 41.00 euros per share from 38.50 euros, heating up a bidding war over Osram.
The challenges facing banks are “enormous”, Commerzbank Chief Executive Martin Zielke said on Friday, after the German lender said it no longer expected a rise in underlying revenues this year.
Oil prices were steady on Thursday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and a faster-than-expected recovery in Saudi output.
The United States on Thursday imposed sanctions on a firm it said was participating in a scheme to avoid U.S. sanctions while helping provide jet fuel to Russian forces in Syria.
Marathon Petroleum Corp said on Friday the company’s board supports Gary Heminger as the chief executive officer after a report that two shareholders were calling for his ouster.
World share markets dipped on Friday, with concerns about U.S. political developments after a whistleblower complaint against President Donald Trump denting optimism about an easing of U.S.-China trade tensions.
Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday, as they leverage their scale to better compete in developing new vehicle technologies.
Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday as they leverage their scale to better compete in developing new technologies.
Toyota Motor Corp on Friday announced plans to raise its stake in Subaru Corp to more than 20% as Japan’s biggest automaker cements ties with its smaller rival to better compete with overseas automakers to develop new technologies.
Oil prices fell on Friday as economic headwinds revived concerns of slowing global demand growth and a faster-than-expected recovery in Saudi crude oil output eased worries over potential major supply disruptions.
Oil prices fell on Friday after fresh Chinese economic data revived concerns of slowing economic growth, and while a faster-than-expected recovery in Saudi crude oil output this week eased concerns of major supply disruptions.
The head of Suntory Holdings, Takeshi Niinami, said he was not interested in replacing the CEO at Nissan Motor Co , which has been struggling with scandal and plunging profits, saying there was more work to do at the Japanese drinks maker.
Key oil freight rates from the Middle East to Asia jumped nearly a fifth on Friday, with the global oil shipping market spooked by fresh United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
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