Business & Finance News
Wells Fargo & Co’s Irish subsidiary was fined 5.9 million euros on Friday for a prolonged series of regulatory reporting breaches, the second largest fine ever handed down by Ireland’s Central Bank.
BMW will seek to appoint a chief executive later this month after Harald Krueger said he did not want to extend his contract, pre-empting deliberations about whether to give him another five-year term at the helm.
BMW on Friday said Harald Krueger, Chief Executive of the German carmaker will not make himself available for a potential contract extension, pre-empting deliberations about whether to give him another five-year term at the helm.
U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported by tensions over Iran and this week’s decision by OPEC and its allies to extend a supply cut deal until next year.
Renault-Nissan has not decided whether to publish figures on cost savings and other synergies achieved by the alliance over the last year, as has been its custom, two sources close to Renault said, amid growing tension in the partnership.
In Argentina’s remote northern province of Jujuy, Chinese telecoms giant ZTE is installing a little slice of the Asian nation’s vast surveillance state – security cameras that the local government says will help to curb street crime.
Britain’s competition regulator has stepped in to pause Amazon’s investment in online food delivery group Deliveroo while it considers launching a full investigation.
General Motors Co’s second-quarter vehicle sales in China fell 12.2%, as the U.S. automaker was hurt by a slowing economy amid the Sino-U.S. trade war and by heightened competition in its key mid-priced SUV segment.
World stocks clung to their 17-month highs on Friday and bonds paused after this week’s rally ahead of U.S. jobs data, a gauge that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.
Airbus deliveries rose about 28% in the first half to just under 390 aircraft, putting the planemaker on course to beat crisis-hit Boeing in 2019 but handing it a record production task in the second half, industry sources said.
Jaguar Land Rover is making a multi-million pound investment to build electric vehicles in Britain, in a major boost for the UK government and a sector hit by the slump in diesel sales and Brexit uncertainty.
Airbus deliveries rose about 28 percent in the first half to just under 390 aircraft, putting the planemaker on course to beat crisis-hit Boeing in 2019 but handing it a record production task in the second half, industry sources said.
Crude oil prices fell on Friday on weak economic indicators from the United States and Germany, shrugging off tensions around Iran and this week’s decision by OPEC and its allies to extend a supply cut deal until next year.
Britain’s biggest carmaker Jaguar Land Rover is making a multi-million pound investment to build electric vehicles in its home market, in a major boost to a sector hit by a slump in diesel sales and Brexit uncertainty.
Britain’s competition regulator on Friday took action to pause Amazon’s investment in online food delivery group Deliveroo by serving an initial enforcement order on the two companies.
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