A Russian court on Thursday released U.S. investor Michael Calvey after two months in jail and placed him under house arrest until Saturday, softening his treatment in a fraud case that has rattled investors.
Marriott International Inc, the world’s biggest hotel company with luxury brands such as St. Regis and Ritz-Carlton, says it is committed to all of its brands which give it the breadth to take advantage of fast-growing markets like China.
James Forese, president and chief executive officer of Citigroup Inc’s institutional clients business, which contributed two-third’s of the bank’s profits last year, is retiring, according to an internal memo seen by Reuters.
Newly appointed Chief Executive Guillaume Faury imposed his mark on European planemaker Airbus with a simplified management structure and a manifesto for manufacturing reforms, as Airbus gears up for intensified competition with Boeing.
A French appeals court ruled on Thursday that Bayer’s Monsanto business was liable for the health problems of a farmer who had inhaled a weedkiller product.
Italy’s biggest lender UniCredit said it is among a group of banks accused of running a cartel in trading euro zone government bonds between 2007 and 2012, years when financial crises dragged down banks and several European countries.
James Forese, president and chief executive officer of Citigroup Inc’s institutional clients business, has decided to retire, according to an internal memo seen by Reuters.
Qatar has no direct say in who runs Deutsche Bank, the country’s foreign minister said when he was asked on Thursday for Doha’s view on merger talks between Deutsche Bank and fellow German lender Commerzbank.
A meeting of U.S. and Mexican government and business leaders on Thursday aims to shore up investor confidence in Mexico and defuse U.S. President Donald Trump’s threats to close their shared border if illegal immigration is not halted.
Commerzbank’s supervisory board chairman on Thursday dismissed reports of board dissatisfaction with its chief executive as irresponsible and unfounded.
JAC Motors said on Thursday it had not held talks with Volkswagen AG, after Reuters reported that the German auto giant was interested in taking a stake in its Chinese electric vehicle joint venture partner.
Chevron Corp will put a focus on human rights in Myanmar under an agreement with an investor group that had urged it to pay more attention to violence in the Asian nation where the U.S. oil company has operations.
Dutch ASML was the victim of Chinese corporate espionage a few years ago, but said the information stolen was not a blueprint for the lithography machines that have made it a world leader in semiconductor equipment.
The United States will make a decision about Spanish oil company Repsol’s activity in Venezuela in coming days, U.S. Venezuela envoy Elliott Abrams said on Thursday.
Rising U.S. crude stocks dragged oil lower on Thursday but prices continued to find a floor as OPEC-led cuts and freefalling Venezuelan output tightened global supplies.
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