Articles by admin

A former head of Danske Bank’s Estonian branch, who was a witness in an investigation into alleged money laundering, has been found dead by police in Estonia.

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Luxury carmaker Aston Martin will see its borrowing costs jump after it raised $150 million in debt at 12% interest to bolster its balance sheet for its DBX sports utility vehicle launch next year, with the option for another $100 million.

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The German regional state of Hesse stands ready to offer financial support to Thomas Cook’s German unit, its Prime Minister Volker Bouffier said on Wednesday.

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Thomas Cook’s German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and said it was in talks with potential new investors.

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Renault is ready to be part of a European batteries project provided it makes economic sense to do so, the French carmaker’s chairman said on Wednesday.

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Nintendo Co Ltd’s hotly awaited mobile title Mario Kart Tour launched on Wednesday with many users complaining server overload meant they were unable to play the game – seen as a major test of the Kyoto-based company’s mobile ambitions.

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World stocks fell to a two-week low and risk assets dipped lower on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty.

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Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day after Sept. 14 attacks on oil facilities, three sources briefed on Saudi Aramco’s operations told Reuters.

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Thomas Cook GmbH, the German unit of the insolvent British travel operator, on Wednesday filed for insolvency with a view to carving out its brands and businesses from their failed parent.

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Thomas Cook’s Polish unit, Neckermann Polska, has announced that it is insolvent, local authorities told Reuters on Wednesday.

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Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1 billion, two sources with direct knowledge of the matter said.

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Some flights operated by Thomas Cook’s Nordic business have been canceled or delayed as the subsidiary battles to survive the collapse of its parent company earlier this week.

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Thyssenkrupp is preparing to replace its chief executive Guido Kerkhoff, whose brief tenure at the German submarines-to-car-parts group included four profit warnings and two failed restructuring efforts.

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Swedish fund Cevian Capital, Thyssenkrupp’s second-biggest shareholder, on Wednesday said it fully supported the appointment of Martina Merz as new chief executive of the German industrial conglomerate.

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The chief executive of luxury carmaker Aston Martin said securing $150 million in short-term debt, with an option for another $100 million, would address concerns in the market about the company’s balance sheet.

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