Shares in Superdry Plc fell more than 11 percent on Wednesday after founder Julian Dunkerton narrowly forced his way back into the company, which sparked the exit of most of its board members, including top executives.
World stocks rallied to six-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and reassuring economic data, helping push Germany’s 10-year bond yield back up to zero percent.
Commerzbank’s executive board is due to decide on April 9 whether to intensify merger talks with Deutsche Bank or back away from a deal, German business weekly Wirtschaftswoche said on Wednesday.
Roche Holding said its effort to expand in gene therapy via the $4.3 billion takeover of Spark Therapeutics remained on track despite failing to get enough votes to clinch the deal and as U.S. regulators continued scrutinizing it.
India’s Jet Airways said it has grounded more planes after failing to pay lessors, as the debt-laden carrier – which also owes salaries to pilots and crew – works to secure bailout funds promised by state-run banks.
Dubai’s Emirates NBD said on Wednesday it will buy Turkey’s Denizbank from Russia’s Sberbank at a roughly 20 percent discount to a previously agreed price, after a steep fall in the Turkish lira.
Shares in CMC Markets Plc slid more than 10 percent on Wednesday after the online trading firm forecast a drop in income in the year to March as new rules curbed client activity, and a senior executive decided to depart.
Daimler and BMW are looking to limit their planned cooperation to jointly produce an affordable electric car in China, German daily Sueddeutsche Zeitung reported on Wednesday.
The United Arab Emirates will make its own checks on any fixes for the Boeing 737 MAX before permitting the grounded jet to resume flying in its airspace, a senior aviation regulatory official said on Wednesday.
Norwegian Air, a major client of Boeing, has had positive meetings with the U.S. planemaker regarding the grounding of its MAX planes after an Ethiopian Airlines crash last month, the airline’s chief executive said on Wednesday.
Oil prices rose for a fourth day on Wednesday, pushing Brent towards $70 a barrel as support from OPEC-led supply cuts and U.S. sanctions overshadowed a report showing an unexpected rise in U.S. inventories.
Norwegian Air, a major client of Boeing, has had good meetings with the U.S. planemaker regarding the grounding of the MAX planes, the chief executive of the budget airline said on Wednesday.
Dubai’s largest lender Emirates NBD will buy Turkey’s Denizbank from Russia’s state-owned Sberbank for less in dollar terms than previously agreed following the devaluation of the Turkish lira.
Asian shares rose to fresh seven-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and brisk economic data, while oil approached the key $70 per barrel mark.
The pilots of an Ethiopian Airlines 737 MAX jet that crashed last month had initially followed Boeing Co’s emergency procedures but later deviated from them as they tried to regain control of the plane, the Wall Street Journal said on Wednesday.
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