Business & Finance News
Siemens is “unlikely” to make a renewed attempt to win European Union approval for its planned merger of rail businesses with Alstom’s should the current attempt fail, Siemens managing board member Roland Busch said on Wednesday.
Intel Corp has committed to buy 15 billion shekels ($4 billion) of Israeli products and services over the next six years as it begins a massive expansion of its local operations, Israel’s economy ministry said on Wednesday.
Oil prices held steady on Wednesday, boosted by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by a bleak outlook for the global economy.
World stocks inched up and the dollar steadied on Wednesday ahead of policy guidance from the U.S. Federal Reserve, with Apple results providing relief while market confidence that a no-deal Brexit can be avoided took a hit.
Carlos Ghosn said Nissan executives opposed to his plans for closer ties with automaking partner Renault SA resorted to “plot and treason” to disrupt them and were behind the financial misconduct allegations against him.
Siemens Chief Executive Joe Kaeser called on European antitrust authorities not to be “backward looking technocrats” and approve the German company’s planned rail mega-merger with France’s Alstom.
Siemens has made a last gasp appeal to European antitrust authorities not to be “backward-looking technocrats” and approve its planned rail merger with France’s Alstom.
A council in the South Korean city of Gwangju on Wednesday approved a low-wage carmaking joint venture with Hyundai Motor, an official at the council said.
U.S.-based electronic cigarette company Juul Labs Inc is hoping to launch its products in India by late 2019, a person familiar with the strategy told Reuters, marking one of its boldest bets to expand away from its home turf.
Carlos Ghosn said Nissan executives opposed to his plan for closer ties with automaking partner Renault SA were behind the financial misconduct allegations against him.
Electric carmaker NIO Inc, among rivals to Tesla in China, launched a $650 million five-year convertible bond on Wednesday, aiming to use the proceeds to fund expansion.
BlackRock has cut its holding in Danske Bank, which is embroiled in a major money laundering scandal, Denmark’s biggest bank said in a statement.
Volkswagen Group has held on to its position as the world’s top-selling automaker for the fifth year in a row, although the German group was edged out again by the Renault-Nissan-Mitsubishi alliance in the light-duty vehicles segment.
Oil prices held steady on Wednesday, supported by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by a darkening outlook for the global economy.
Malaysia’s securities regulator on Wednesday said they had fined Deloitte for committing four breaches related to a 2.4 billion ringgit ($584.7 million) sukuk program issued by a firm linked to scandal-tainted state fund 1MDB.
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