Business & Finance News
Progress in the U.S.-China trade talks helped propel world stock markets to a 6-month high on Friday and steered investors away from save havens such as the Japanese yen.
The world’s biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters.
The chairman of Taiwan’s Foxconn, assembler of Apple’s iPhones, said on Monday he plans to step down in the coming months as he wants to pave the way for younger talent to move up the ranks of the world’s largest contract manufacturer.
The chairman of Taiwan’s Foxconn, assembler of Apple’s iPhones, said on Monday he plans to step down in the coming months as he wants to pave the way for younger talent to move up the ranks of the world’s largest contract manufacturer.
Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.
Activist Edward Bramson on Monday made a fresh plea for Barclays’ investors to give him a seat on the bank’s board, as the war of words between his fund and the lender’s management ratchets up.
Asian shares neared nine-month highs on Monday after U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap, while strong Chinese export and bank loan data boosted confidence in the global economy.
Rene-Christopher Wollmann, head of Mercedes-AMG’s 2.75 million euros Project One supercar program, has moved to a job at Automobili Pininfarina in a sign that innovation in high end electric sportscars is shifting toward small start-ups.
Citigroup will refund more than A$3 million ($2.2 million) to retail customers in Australia who suffered losses from complex investments sold by the bank, the country’s corporate watchdog said on Monday.
The chairman of Taiwan’s Foxconn, assembler of Apple Inc’s iPhones, told Reuters on Monday he plans to step down in the coming months, saying he wants to pave the way for younger talent to move up the ranks of the company.
Volkswagen expects global sales of its core brand this year to be in line with the 6.24 million level that it achieved in 2018 even though China sales dipped in the first-quarter, the company said on Monday.
U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector’s first economic downturn.
Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters.
Oil prices edged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, but concerns over global supplies kept prices well supported.
Asian shares neared nine-month highs on Monday after U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap, while strong Chinese export and bank loan data boosted confidence in the global economy.
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