Business & Finance News
Argentina’s international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to “reprofile” some debt, leaving investors scrambling to assess what kind of hit they might face.
Thyssenkrupp CEO Guido Kerkhoff has little choice but to sell the group’s prized elevator division lock, stock and barrel so he can save the conglomerate’s remaining businesses, four sources close to the German company said.
Danish jewellery maker Pandora is stepping up efforts to win back shoppers with a brand relaunch in Los Angeles, plus new themed collections based on Harry Potter and Walt Disney’s Frozen and a revamp of its stores.
Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for a Chinese education firm VIPKid, two people familiar with the matter said, as Beijing moved to tighten oversight of online education platforms.
Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move that Daniel Loeb’s activist hedge fund Third Point LLC had called for.
Signs that Italy’s latest political drama was over and hopeful noises from Beijing in the trade war pushed Europe’s share markets higher on Thursday and paused the relentless steamrollering of global bond yields.
Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board.
London’s Mayor Sadiq Khan said everyone must play by the rules when asked on Thursday about taxi app Uber’s London license, which is due to expire in less than a month’s time.
South Korea’s Supreme Court on Thursday ruled that a bribery case against the heir of the Samsung Group should be reviewed by a lower court, raising the possibility of a tougher sentence and potential return to jail.
China and the United States are discussing the next round of face-to-face trade talks scheduled in September, but hopes for progress hinge on whether Washington can create favorable conditions, China’s commerce ministry said on Thursday.
China and the United States are discussing face-to-face trade talks that were scheduled to be held in the United States in September, China’s Commerce Ministry said on Thursday.
South Korea’s Supreme court on Thursday overturned part of an appeals court ruling in the bribery case of Samsung Group’s de facto chief Jay Y. Lee, who had been given a two-and-a-half-year suspended sentence for seeking favor from the country’s ex-leader.
The world’s largest wealth manager UBS on Thursday appointed former Credit Suisse manager Iqbal Khan and Citigroup veteran Suni Harford as new wealth and asset management executives.
The world’s largest wealth manager UBS on Thursday appointed former Credit Suisse executive Iqbal Khan to co-lead its flagship business, replacing Martin Blessing.
Global bond yields flirted with record lows while stocks struggled to recover on Thursday, as global recession worries from intensifying U.S.-China frictions and the specter of a no-deal Brexit drove investors to safer harbors.
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