Business & Finance News
The Dutch government said on Thursday it will cooperate with an investigation by the EU Commission into Nike Inc.’s tax arrangements in the Netherlands.
The early-year rally in world stocks ran out of steam in Europe on Thursday and the dollar touched a near-three-month low, as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes.
Renault and Nissan directors were due to be updated on the investigation into suspected financial misconduct by alliance boss Carlos Ghosn at separate board meetings on Thursday, sources familiar with the matter told Reuters.
Hamburg-based bank M.M. Warburg & Co said on Thursday it had filed a lawsuit against Deutsche Bank seeking 46 million euros ($53.04 million) that the bank was ordered to pay in capital gains tax.
U.S. companies’ shopping spree for their own shares helped put a floor on market declines in 2018. Don’t look for the same level of support in 2019.
Trading and mining giant Glencore has lost its exclusive marketing rights for two of Libya’s main crude oil export grades after holding those rights since the end of 2015, trading sources with direct knowledge said.
Ford cannot rule out plant closures as part of its efforts to return its European operations to profitability, Steven Armstrong, group vice president, Europe, Middle East and Africa, said on Thursday.
Volkswagen sold a record 6.24 million of its VW-branded vehicles last year despite delivery problems caused by new anti-pollution rules, but warned the company would continue to face considerable challenges in 2019.
U.S. Senator Bernie Sanders and Representative Elijah Cummings plan to introduce legislation on Thursday aimed at lowering the cost of prescription drugs for U.S. consumers.
The European Commission said on Thursday that it had opened an in-depth investigation into the tax treatment of Nike Inc in the Netherlands, saying this may have given the U.S. sportswear maker an illegal and unfair advantage.
Vodafone plans to cut up to 1,200 jobs from its Spanish business, the company said on Thursday, though it declined to give further details ahead of talks with labor representatives expected to begin at the end of the month.
The early year rally in world stocks ran out of steam in Europe on Thursday and the dollar dropped to a near three-month low, as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes.
In the Chinese port city of Tianjin, gray market traders of American-made cars, badly stung by a scything trade war and punitive tit-for-tat tariffs, are scrambling to take advantage of an opportunity they fear may prove only temporary.
Ford on Thursday said it will cut thousands of jobs, exit unprofitable markets and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe.
China and the United States made progress on “structural issues” such as forced technology transfers and intellectual property rights in talks this week and more consultations are being arranged, China’s commerce ministry said on Thursday.
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