Volvo Cars, owned by China’s Geely, has no current plans to go for a stockmarket listing, its chief executive said, more than two months after the Swedish carmaker postponed its flotation blaming trade tensions and an automotive stocks downturn.
A more dovish tone from Fed Chairman Jerome Powell helped to revive risk appetite on Thursday, driving world stocks to their highest in more than two weeks, as European equities joined a global rally and core bond yields fell.
U.S. carmaker Ford , Britain’s biggest automotive engine builder, warned that a no-deal Brexit would be a “catastrophe” and that the agreement between London and Brussels should be approved.
Roughly 170 criminal police officers, prosecutors and tax inspectors on Thursday searched six Deutsche Bank offices in and around Frankfurt on money laundering allegations, the public prosecutor said in a statement.
Oil majors and trading firms can start finalizing crude oil deals on a live blockchain-based platform for the first time, in a move that could revolutionize the market.
Tokyo prosecutors plan to seek an extension of Carlos Ghosn’s detention, after the ousted chairman of Nissan Motor Co was arrested last week for alleged financial misconduct, Kyodo News reported on Thursday.
Indonesian ride-hailing firm Go-Jek kicked off a trial launch in parts of Singapore on Thursday and plans to roll out an array of services through its app in early 2019, challenging dominant player Grab in the small city-state.
Oil prices edged up on Thursday on optimism that trade talks at the upcoming G20 meeting could help the global economy and improve demand, but gains were curbed after U.S. crude inventories hit their highest in a year.
Anglo-Dutch consumer goods company Unilever said its CEO Paul Polman was retiring, less than two months after a damaging row with shareholders, and would be replaced by the head of its beauty unit Alan Jope from January 1.
U.S. Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S. tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S.-produced vehicles.
Safran unveiled ambitions to become the world’s leading aerospace supplier in 15 years, overtaking United Technologies , as it pledged a research and development (R&D) spending drive while increasing cash returns to shareholders.
A Bank of Japan board member declined on Thursday to comment on a media report that she was involved in an alleged attempt by former Nissan chairman Carlos Ghosn to shift personal investment losses to the automaker during her time at a commercial bank.
Huawei Technologies Co Ltd said it was seeking clarification from New Zealand after the country’s intelligence agency rejected the telecommunication industry’s first request to use the Chinese firm’s equipment in its planned 5G mobile network.
Oil prices ticked higher on Thursday on optimism that trade talks at the G20 meeting could aid the global economy and improve the demand outlook, while an increase in U.S. crude inventories to their highest in a year curbed gains.
Billionaire entrepreneur Elon Musk has scrapped plans for a high-speed passenger tunnel under the West side of Los Angeles but is moving ahead with a similar proposal across town designed to whisk baseball fans to and from Dodger Stadium.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
