Business & Finance News
The board of Airbus gathered on Monday to discuss the European aerospace group’s leadership and could confirm planemaking chief Guillaume Faury as the next chief executive, people familiar with the matter said.
Turkey will introduce quotas on the amount of steel it imports from Oct. 17, with an additional 25 percent duty on any imports above the quotas, it said in a filing published by the World Trade Organization on Monday, blaming a surge in imports.
European markets fell heavily on Monday as investor confidence took a knock from last week’s spike in Treasury yields and from a Chinese market slump brought on by concerns that an escalating trade war with the United States could dent China’s growth.
Swiss bank UBS Group AG , its French unit and six top executives go on trial on Monday after a long-running investigation into allegations they helped wealthy clients avoid taxes in France.
Shares in Asia slumped Monday as China’s markets stumbled in their first trading day after a one-week holiday even though Beijing’s central bank increased liquidity to offset the impact of an escalating trade dispute with the United States.
Walmart Inc said on Monday it would partner with U.S. movie studio Metro Goldwyn Mayer to create content for its video-on-demand service, Vudu, which the retailer bought eight years ago.
Shares in Asia staggered on Monday as China’s markets stumbled despite its central bank moving to pump more liquidity into the broader economy, as worries grow of a sharp knock to growth from an escalating trade dispute with the United States. The People’s Bank of China (PBOC) on Sunday cut the level of cash that banks must hold as reserves, aimed at lowering financing costs as policy makers worry about fallout from the tariff row with the United States.
Shares in Asia stumbled in early trade on Monday as investors waited with bated breath as China’s markets prepare to reopen following a week-long holiday and after its central bank cut banks’ reserve requirements in a bid to support growth. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, after major stock markets around the world fell for a second straight day on Friday.
Investment bankers are bracing for the start of a landmark legal case about alleged cartel activity in Australia’s financial sector, nervous the proceedings could lead to increased scrutiny and tougher measures from regulators worldwide.
The steep decline in emerging market stocks since early this year are attracting some U.S. fund managers who think they may find long-term bargains amid the sell-off.
Asset manager Schroders Plc and Lloyds Banking Group said on Sunday they were in discussions over a wealth management alliance.
Asset manager Schroders Plc said on Sunday it is in discussions with Britain’s Lloyds Banking Group to work closely in the wealth sector.
Britain’s Lloyds Banking Group is to merge its 13 billion pounds ($17.06 billion) wealth management arm into a new joint venture with asset manager Schroders Plc , Sky news reported on Sunday.
Apple Inc’s top security officer told Congress on Sunday that it had found no sign of suspicious transmissions or other evidence that it had been penetrated in a sophisticated attack on its supply chain.
Daimler’s finance chief Bodo Uebber won’t seek to renew his contract when it expires in December 2019, the carmaker said late on Sunday.
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