Business & Finance News
Commerzbank’s chief executive was paid 32 percent less in 2018, contrasting with sharp rises for the top management at its potential merger partner Deutsche Bank.
U.S. Transportation Secretary Elaine Chao told a Senate committee on Wednesday it was “very questionable” why some Boeing 737 MAX safety features were not required, but she stopped short of saying the government would require retrofitting all aircraft.
Swedbank is under investigation by the New York Department of Financial Services (DFS) for giving misleading information during a probe related to the Mossack Fonseca tax evasion and money laundering scandal, Swedish public service broadcaster SVT reported on Wednesday.
Wall Street’s main indexes treaded water on Wednesday as global growth fears lingered and the U.S. yield curve extended an inversion, prompting investors to stay on the sidelines.
Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of about $450 million to $500 million.
The U.S. trade deficit narrowed by the most in 10 months in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines.
Commerzbank’s chief executive’s pay fell by 32 percent in 2018, in sharp contrast to hefty rises for top management at its potential merger partner Deutsche Bank.
Deutsche Bank’s challenge may be that it is too small to reap the benefits of scale, the lender’s supervisory board chairman said on Wednesday, a week after the bank announced merger talks with rival Commerzbank.
Hewlett-Packard botched its $11.1 billion acquisition of Autonomy and then tried to cover up its own mismanagement by accusing the British software company’s founder Mike Lynch of fraud, a London court was told on Wednesday.
U.S. stocks opened flat on Wednesday as global growth fears and a prolonged inverted U.S. yield curve prompted investors to stay on the sidelines.
Swedish authorities searched the head office of Swedbank on Wednesday as part of an investigation into the bank’s handling of money laundering allegations at its Baltic branches.
An external committee tasked with recommending ways to improve governance at Nissan Motor Co said on Wednesday there were sufficient facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn.
Wall Street’s main indexes were set for a flat open on Wednesday, as global growth fears and a prolonged inverted U.S. yield curve prompted investors to shun riskier assets.
– The U.S. trade deficit dropped more than expected in January likely as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines.
Global equity markets nudged down on Wednesday as investors hoped central bank action in the world’s biggest economies could temper some of the slowdown in global growth, despite bond yields still flagging recessionary fears.
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