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Business News

First companies will debut on Shanghai’s STAR Market on July 22

July 5, 2019 admin Comments Off on First companies will debut on Shanghai’s STAR Market on July 22

The first batch of companies will start trading on the STAR Market on July 22, the Shanghai Stock Exchange said on Friday.

…read more […]

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Business News

GM, Ford quarterly China sales slide again amid economy woes

July 5, 2019 admin Comments Off on GM, Ford quarterly China sales slide again amid economy woes

General Motors Co and Ford Motor Co announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the U.S. automakers were hit by a slowing economy amid the Sino-U.S. trade war.

…read more […]

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Business News

Deutsche Bank plans separate ‘corporate bank’ unit as part of overhaul: sources

July 5, 2019 admin Comments Off on Deutsche Bank plans separate ‘corporate bank’ unit as part of overhaul: sources

Deutsche Bank is planning to create a separate “corporate bank” unit that will seek to streamline services currently spread throughout the bank, two people familiar with the matter said on Friday.

…read more […]

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Wells Fargo fined in Ireland over reporting breaches

July 5, 2019 admin Comments Off on Wells Fargo fined in Ireland over reporting breaches

Wells Fargo & Co’s Irish subsidiary was fined 5.9 million euros on Friday for a prolonged series of regulatory reporting breaches, the second largest fine ever handed down by Ireland’s Central Bank.

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BMW seeks new CEO after Krueger announces 2020 retirement

July 5, 2019 admin Comments Off on BMW seeks new CEO after Krueger announces 2020 retirement

BMW will seek to appoint a chief executive later this month after Harald Krueger said he did not want to extend his contract, pre-empting deliberations about whether to give him another five-year term at the helm.

…read more […]

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Business News

BMW says CEO will not seek contract extension after 2020

July 5, 2019 admin Comments Off on BMW says CEO will not seek contract extension after 2020

BMW on Friday said Harald Krueger, Chief Executive of the German carmaker will not make himself available for a potential contract extension, pre-empting deliberations about whether to give him another five-year term at the helm.

…read more […]

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Business News

Brent crude inches up, U.S. oil falls on weak economic data

July 5, 2019 admin Comments Off on Brent crude inches up, U.S. oil falls on weak economic data

U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported by tensions over Iran and this week’s decision by OPEC and its allies to extend a supply cut deal until next year.

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Business News

Renault-Nissan unsure whether will publish cost-saving figures: sources

July 5, 2019 admin Comments Off on Renault-Nissan unsure whether will publish cost-saving figures: sources

Renault-Nissan has not decided whether to publish figures on cost savings and other synergies achieved by the alliance over the last year, as has been its custom, two sources close to Renault said, amid growing tension in the partnership.

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Business News

‘Safe like China’: In Argentina, ZTE finds eager buyer for surveillance tech

July 5, 2019 admin Comments Off on ‘Safe like China’: In Argentina, ZTE finds eager buyer for surveillance tech

In Argentina’s remote northern province of Jujuy, Chinese telecoms giant ZTE is installing a little slice of the Asian nation’s vast surveillance state – security cameras that the local government says will help to curb street crime.

…read more […]

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Business News

UK competition regulator puts brake on Amazon’s Deliveroo investment

July 5, 2019 admin Comments Off on UK competition regulator puts brake on Amazon’s Deliveroo investment

Britain’s competition regulator has stepped in to pause Amazon’s investment in online food delivery group Deliveroo while it considers launching a full investigation.

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Business News

GM’s China sales decline for fourth straight quarter amid economy woes

July 5, 2019 admin Comments Off on GM’s China sales decline for fourth straight quarter amid economy woes

General Motors Co’s second-quarter vehicle sales in China fell 12.2%, as the U.S. automaker was hurt by a slowing economy amid the Sino-U.S. trade war and by heightened competition in its key mid-priced SUV segment.

…read more […]

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Business News

World stocks cling to gains, bonds hover ahead of U.S. payrolls

July 5, 2019 admin Comments Off on World stocks cling to gains, bonds hover ahead of U.S. payrolls

World stocks clung to their 17-month highs on Friday and bonds paused after this week’s rally ahead of U.S. jobs data, a gauge that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.

…read more […]

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Business News

Airbus deliveries climb in H1, sources say, leaving production challenge

July 5, 2019 admin Comments Off on Airbus deliveries climb in H1, sources say, leaving production challenge

Airbus deliveries rose about 28% in the first half to just under 390 aircraft, putting the planemaker on course to beat crisis-hit Boeing in 2019 but handing it a record production task in the second half, industry sources said.

…read more […]

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Jaguar Land Rover to build electric cars at UK plant

July 5, 2019 admin Comments Off on Jaguar Land Rover to build electric cars at UK plant

Jaguar Land Rover is making a multi-million pound investment to build electric vehicles in Britain, in a major boost for the UK government and a sector hit by the slump in diesel sales and Brexit uncertainty.

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Business News

Airbus delivered close to 390 jets in H1: sources

July 5, 2019 admin Comments Off on Airbus delivered close to 390 jets in H1: sources

Airbus deliveries rose about 28 percent in the first half to just under 390 aircraft, putting the planemaker on course to beat crisis-hit Boeing in 2019 but handing it a record production task in the second half, industry sources said.

…read more […]

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