Business & Finance News
Deutsche Bank and Commerzbank are divided over the pace of their merger talks, two people with knowledge of the matter said on Wednesday.
India’s Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors as it awaits bailout funds promised by state-run banks.
U.S. stocks rose on Wednesday, extending a strong start to the quarter as rising hopes of a trade deal with Beijing and bullish reports lifted the semiconductor index to a record high.
IKEA wants to roll out furniture rental to all its main markets in a bid to appeal to its increasingly environmentally conscious and transient customers.
Renault blocked former chief executive Carlos Ghosn’s pension on Wednesday, as the French carmaker said an internal probe had identified “questionable and concealed practices” by the fallen auto industry hero.
Blackstone Group LP, the world largest alternative asset manager, has raised over $22 billion for its latest buyout fund, setting it on course to be the private equity industry’s biggest ever, a person familiar with the matter said on Wednesday.
German automaker Daimler officially opened a Mercedes-Benz factory near Moscow on Wednesday at a ceremony attended by President Vladimir Putin, marking a rare foreign investment into Russia’s car industry.
World stocks climbed for a fifth session on Wednesday amid optimism over U.S.-China trade talks and for a softer British exit from the European Union, while an unexpected rise in inventories boosted oil prices toward $70 per barrel.
Lawmakers are warning Germany’s finance minister that they will block any attempt to invest public money into a merged Deutsche Bank and Commerzbank, a deal which could require up to 10 billion euros ($11.2 billion) of fresh capital.
Oil prices were little changed on Wednesday even after U.S. government data showed a surprise increase in crude inventories, as OPEC-led output cuts and U.S. sanctions kept the supply outlook tight enough to hold futures near five-month highs.
Boeing anti-stall software forced down the nose of a doomed Ethiopian jet even after pilots had turned it off, sources told Reuters on Wednesday, as investigators scrutinize the role played by technology and crew in the fatal March 10 crash.
IKEA, the world’s biggest furniture group, is looking for downtown sites in top cities around the world as it responds to the fact that many customers no longer have the time or the cars to drive to its huge out-of-town stores.
U.S. President Donald Trump has signed a memorandum setting in motion a way to address trafficking of counterfeit goods through third-party online marketplaces, White House economic adviser Peter Navarro said on Wednesday.
New York’s main stock indexes rose on Wednesday, extending a strong start to the quarter as a rally in chipmakers added to optimism over trade talks between the United States and China.
Trade talks between the United States and China are progressing and both sides hope to get closer to a deal this week, White House economic adviser Larry Kudlow said on Wednesday as negotiators prepared to start a fresh round of talks in Washington.
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