Business & Finance News
In April 2017, a group of Mexican executives filed into the Texas governor’s mansion in Austin for a meeting they hoped would help save a trillion-dollar trade deal.
German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city, according to local authorities.
Canada’s Bombardier Inc cut its full-year profit and revenue forecast on Thursday, as delays in some large projects hit its dominant transportation unit that makes rail cars.
Finland’s Nokia plunged to a surprise quarterly loss after it failed to supply 5G telecoms equipment in time, and said the security dispute surrounding rival Huawei was creating pressure to invest as customers reassess their suppliers.
Southwest Airlines Co reported a 16 percent drop in quarterly profit on Thursday, saying a U.S. government shutdown, maintenance disruptions and the grounding of its Boeing 737 MAX jets knocked $150 million off its bottom line.
D.R. Horton Inc on Thursday forecast full-year home sales, the mid-point of which was below Wall Street expectations.
Uber resumed operations in Slovakia’s capital Bratislava on Thursday, a year after a court ban, the ride-hailing company said.
Canada’s Bombardier Inc on Thursday cut its full-year profit and revenue forecast, due to slower production ramp-up of some of its large projects in its transportation business.
Former Nissan Chairman Carlos Ghosn was set to walk out of a Japanese jail for a second time since his arrest last year on financial misconduct charges, after posting $4.5 million bail
The head of Germany’s BdB banking association said on Thursday that a merger of Deutsche Bank and Commerzbank did not make sense and added that the German economy was big enough to accommodate several big banks.
Swedbank admitted to failings in combating money laundering and said on Thursday it was facing investigations in the United States, adding to pressure over its Baltic business.
Deutsche Bank and Commerzbank said their merger talks had ended, with execution risks, restructuring costs and capital requirements dashing German attempts to create a mega-bank.
French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday.
German Finance Minister Olaf Scholz said on Thursday that German industry needed competitive banks for its global business after merger talks between Deutsche Bank and Commerzbank ended in failure.
Germany’s Labour Minister Hubertus Heil acknowledged the announcement of the country’s two biggest banks, Deutsche Bank and Commerzbank to discontinue end talks to merge as a “private sector decision of two companies”, he said on Thursday.
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