Business & Finance News
Luxury goods group Richemont has ample liquidity and financial flexibility after raising 4 billion euros ($4.63 billion) in capital markets this year, its chairman and controlling shareholder told the group’s annual general meeting on Monday.
Volkswagen went on trial on Monday to face investors seeking 9.2 billion euros ($10.6 billion) in compensation, arguing the carmaker should have informed shareholders earlier about its diesel pollution scandal.
Cartier maker Richemont made Jerome Lambert chief executive on Monday, handing the luxury goods veteran the task of continuing to take the group, in particular its watch brands, digital.
Shares of Apple Inc suppliers fell across Asia on Monday after U.S. President Donald Trump tweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports.
Cartier maker Richemont on Monday named group veteran Jerome Lambert as chief executive officer to help the world’s second biggest luxury goods group master adjust to changing consumer habits and put its watch brands back on track.
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.
Luxury carmaker Aston Martin announced the appointment of experienced FTSE executives on Monday to boost the board of the 105-year old firm as it confirms plans to list on the London Stock Exchange.
A sell-off in Chinese shares pulled Asian equities to a 14-month trough on Monday as investors braced for a potentially damaging escalation in the Sino-U.S. tariff row after U.S. President Donald Trump raised the stakes in the dispute with Beijing.
U.S. financial services provider State Street Corporation opened a new office in Abu Dhabi on Monday, expanding in the United Arab Emirates as it eyes growth prospects in the Middle East region.
Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in one year to concentrate on philanthropy and education, passing on the reins to trusted lieutenant Daniel Zhang.
Luxury carmaker Aston Martin announced the appointment of a non-executive chairwoman on Monday alongside a series of other proposed roles as it confirmed its intention to pursue an initial public offering.
Chinese company Geely [GEELY.UL] is delaying the listing of Volvo Cars due to valuation concerns amidst a global trade war, the Financial Times reported.
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.
Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in exactly one year on Sept. 10, 2019, the company said.
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.
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