Barclays has spent 100 to 200 million pounds ($129-258 million) moving operations and staff out of Britain to prepare for Brexit, its UK chairman Gerry Grimstone said on Wednesday as bank bosses detailed the costs involved.
Renault on Wednesday said it had decided to scrap certain lucrative pay arrangements for former chairman and chief executive Carlos Ghosn.
Japan’s second-largest automaker Nissan Motor Co has signed a joint venture agreement with an Algerian private partner to build a car assembly plant at a cost of $160 million, the company said on Wednesday.
Airbus is nearing a decision to ax production of the world’s largest airliner amid a downward revision in demand from the Gulf and is likely to give an update with its full-year earnings on Feb. 14, industry sources and analysts said.
Carlos Ghosn’s chief defense attorney Motonari Otsuru resigned and was replaced by a team that includes hotshot lawyer Junichiro Hironaka, in a change of strategy from the ousted Nissan Motor chairman three months after his arrest.
Mastercard Inc said on Wednesday its Chief Financial Officer Martina Hund-Mejean would retire in 2019, after more than a decade in the role, and will be succeeded by Sachin Mehra, the company’s current chief financial operations officer.
Hilton Worldwide Holdings Inc reported a better-than-expected quarterly profit on Wednesday, as healthy travel demand helped the U.S. hotel operator boost room prices at a time when concerns linger around slowing global economic growth.
U.S. Treasury Secretary Steven Mnuchin said talks with China went well on Wednesday, as the world’s two largest economies try to iron out an agreement to resolve their trade dispute.
Brent oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories.
Ford Motor Co told British Prime Minister Theresa May during a conference call on Tuesday that it may have to move some production out of Britain because of Brexit, according to a source on the call.
Investors hungry for progress on resolving a U.S.-China trade war seized on U.S. President Donald Trump’s comment that he could let a March 1 deadline for a deal with China “slide”, taking this as a cue to buy stocks and sell bonds on Wednesday.
U.S. stock index futures rose on Wednesday, driven by optimism over the ongoing U.S.-China trade talks, and as investors awaited the latest inflation data.
A preliminary criminal investigation into an accounting scandal at the Italian unit of British telecom firm BT has alleged that three top executives of the group were aware of bookkeeping fraud at the unit, according to a document prepared by Italian prosecutors.
Sears Holdings Corp will sell or sublease some of the 425 stores of the retail chain and open smaller stores with more focus on tools and appliances than on apparel, said Chairman Edward Lampert in an interview with the Wall Street Journal.
Dish Network Corp on Wednesday reported a nearly 5 percent drop in quarterly revenue, as the U.S. satellite TV service provider lost more-than-expected pay-TV subscribers.
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