Business & Finance News
Japan’s Nomura Holdings said on Thursday it would cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches, in its latest strategy overhaul to turn around its struggling business.
UniCredit could explore a merger with Commerzbank if talks with Deutsche Bank fall through, two people with knowledge of the matter said on Thursday.
European oil companies have started to address what they worry may one day be an existential threat to their business — the end of a century of oil demand growth in a low carbon world.
Deutsche Bank came under increased pressure on Thursday to move forward with a tie-up with Commerzbank following a report that Italy’s Unicredit is preparing a rival bid for the German lender.
French Finance Minister Bruno Le Maire said on Thursday that in principle he would be open to a possible Chinese investment in a unit of French construction group St Gobain.
Talks between Deutsche Bank and Commerzbank are proceeding well, a person with knowledge of the talks said on Thursday.
UniCredit SpA is preparing a rival multi-billion-euro bid to take control of Commerzbank AG, as Deutsche Bank AG is facing troubles with its move to buy its rival German lender, the Financial Times reported on Thursday.
Oil prices slipped a second day on Thursday, with Brent edging down further from the $70 mark after weekly U.S. oil data showed a surprise build in crude inventories and record production.
Abu Dhabi Islamic Bank and First Abu Dhabi Bank denied on Thursday they were in merger talks after a news report said the emirate was considering combining them.
After three false starts and a labor protest over harsh working conditions, Turkey will fully open a new airport in Istanbul this week that will give its fast-growing flagship airline a platform to challenge Gulf rivals for regional dominance.
The Massachusetts Institute of Technology (MIT) said on Wednesday it has cut collaborations with Huawei Technologies and ZTE Corp over U.S. federal investigations of the Chinese technology companies’ alleged violations of sanctions.
UniCredit SpA is preparing a rival multi-billion-euro bid to take control of Commerzbank AG, as Deutsche Bank is facing troubles with its move to buy the lender, the Financial Times reported on Thursday.
Carlos Ghosn’s sudden emergence on Twitter, a day before he was re-arrested on Thursday, has raised questions about whether the former Nissan Motor boss violated the strict terms of his $9 million bail – something his lawyer has denied.
UniCredit SpA is preparing a rival multi-billion-euro bid to take control of Commerzbank AG, amid Deutsche Bank’s move to buy the lender is facing troubles, the Financial Times reported on Thursday.
South Korea’s three mobile carriers and top U.S. telco Verizon Communications commercially launched 5G services on Wednesday, ahead of their initial schedules, as they rushed for first spot in the race to roll out the latest wireless technology.
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