Business & Finance News
Finland’s Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region’s biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.
Unipec is reselling some U.S. crude oil meant for China to buyers in India and South Korea after Beijing imposed a tariff on U.S. oil amid escalating trade tensions with Washington, three sources with knowledge of the matter said on Thursday.
European shares rose to fresh one-month highs and safe-haven assets such as gold and the yen fell after news of U.S.-China talks set for early October raised hopes of a de-escalation in their trade war before it further damages the world economy.
Nissan Motor Co was embroiled in another scandal over executive pay on Thursday after Chief Executive Hiroto Saikawa admitted to being overpaid in violation of internal procedures under a scheme designed by ousted Chairman Carlos Ghosn.
China and the United States on Thursday agreed to hold high-level trade talks in early October in Washington, amid fears that an escalating trade war could trigger a global economic recession.
Danske Bank named Stephan Engels from Commerzbank as its finance chief on Thursday, in an ongoing overhaul by the Danish lender’s new boss to restore trust after its involvement in a damaging money laundering scandal.
Danske Bank named Stephan Engels from Commerzbank as its finance chief on Thursday, the latest step by the Danish lender’s new boss to restore trust after its involvement in a damaging money laundering scandal.
China’s commerce ministry said on Thursday that a phone call on Thursday with U.S. top trade negotiators went very well, adding that Beijing opposes any escalation in the trade war.
Danske Bank on Thursday announced the appointment of Stephan Engels from Commerzbank as chief financial officer to replace Christian Baltzer.
Commerzbank’s Chief Financial Officer Stephan Engels is stepping down next year, Germany’s second-largest listed lender said on Thursday.
Asian shares extended gains on Thursday and U.S. stock futures jumped after China said it will hold trade talks with the United States in early October, raising hopes they can de-escalate their trade war before it inflicts further damage on the global economy.
China and the United States agreed to hold high-level trade talks in early October in Washington, China’s commerce ministry said on Thursday, amid fears that an escalating trade war could trigger a global economic recession.
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with Chinese Vice Premier Liu He and agreed to hold ministerial-level trade talks in Washington “in the coming weeks,” a USTR spokesman said late on Wednesday.
An internal probe at Nissan Motor Co has determined that Chief Executive Hiroto Saikawa and multiple other executives had received excess stock performance-related compensation in violation of company rules, a source said on Thursday.
Nissan Motor Co was embroiled in another scandal over executive pay on Thursday after Chief Executive Hiroto Saikawa admitted to being overpaid in violation of internal procedures under a scheme designed by ousted Chairman Carlos Ghosn.
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