The German government has pressured Deutsche Bank into merger talks with state-backed Commerzbank amid concerns for the health of the country’s flagship bank, according to officials familiar with the matter.
U.S. producer prices barely rose in February, resulting in the smallest annual increase in more than 1-1/2 years, in the latest sign of benign inflation that supports the Federal Reserve’s wait-and-see approach to further interest rate hikes this year.
The top shareholder in EssilorLuxottica sought to ease concerns over governance at the merged Franco-Italian group on Wednesday by saying he would not insist on his right-hand man becoming chief executive of the combined company.
The Ethiopian Airlines pilot whose jet crashed killing 157 people had reported flight-control problems, the company said on Wednesday, as it prepared to send the black boxes to Europe from a disaster that has rocked the global airline industry.
Travel agents and websites have begun to respond to consumer concern and the grounding of Boeing’s 737 MAX planes, by changing policies and introducing options to allow customers to choose the type of aircraft they wish to fly on.
JPMorgan Chase & Co’s consumer banking unit said on Wednesday it was planning to open up to 90 new branches in nine top U.S. markets in the face of an intensifying competition among three of the biggest U.S. banks for loans and deposits.
New orders for key U.S.-made capital goods rose by the most in six months in January and shipments increased, pointing to strong business spending on equipment at the start of the year.
The consumer banking unit of JPMorgan Chase & Co said on Wednesday that it was planning to open up to 90 new branches in nine top U.S. markets.
Ethiopian authorities have not contacted France’s air accident investigation agency about receiving the black boxes from the Boeing 737 MAX 8 which crashed near Addis Ababa, a spokesman for the BEA said on Wednesday.
The black boxes from a Boeing 737 MAX 8 plane that crashed in Ethiopia, killing 157 people, will be sent to Europe for analysis, a spokesman for Ethiopia Airlines said on Wednesday.
The decision by Airbus to scrap its A380 jet risks costing Germany as much as 750 million euros, an economy ministry report seen by Reuters showed on Wednesday.
A growing number of companies trading on China’s main over-the-counter (OTC) equity market are defecting to Shanghai’s hotly-anticipated Nasdaq-style technology board, as they follow the money.
Adidas expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, but said it hopes to see off a challenge from Nike in Europe and return to growth in the region.
Volkswagen will cut up to 7,000 positions, aim to boost productivity and deliver 5.9 billion euros ($6.7 billion)of annual savings at its core VW brand by 2023, in its latest attempt to raise profitability at its top-selling division.
Ethiopian Airlines said on Wednesday it would send the black boxes from its crashed Boeing 737 MAX abroad for expert analysis, and a Norwegian airline sought compensation after it grounded its models in the wake of the disaster.
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