Business & Finance News
Steinhoff’s former chief executive Markus Jooste told a parliamentary inquiry his main mistake during his tenure as the retailer battled an accounting scandal was agreeing to a joint venture with Austrian businessman Andreas Seifert.
U.S. and EU trade chiefs will hold a first meeting in Brussels on Monday to pursue closer transatlantic ties after U.S. President Donald Trump agreed to drop his threat of tariffs on EU cars.
Steinhoff’s former chief executive Markus Jooste was not aware of any accounting irregularities when he left the retailer in December, he told a South African parliamentary inquiry on Wednesday which is examining an accounting scandal that rocked the retailer.
Top executives from Facebook Inc and Twitter Inc will defend their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics.
Former Steinhoff Chief Executive Markus Jooste on Wednesday appeared before a South African parliamentary panel investigating an accounting scandal that rocked the retailer, a Reuters witness said.
Steinhoff’s former chief executive, Markus Jooste, told a parliamentary inquiry investigating an accounting scandal at the retailer that he was not aware of any accounting irregularities when he left the firm in December.
A looming deadline in the U.S.-China trade conflict kept the dollar near two-week highs on Wednesday, inflicting fresh losses on emerging markets and sending world stocks lower for the fourth day in a row.
The CEO of Chinese online retail giant JD.com Inc, Richard Liu, was arrested in Minneapolis last week following an allegation of rape, according to a public information report released by police on Tuesday.
When Shweta Singh wanted to become a pilot in India 20 years ago, she had to first persuade her parents to let her pick an uncommon profession for women, then deal with unwelcoming male colleagues in the cockpit.
Toyota Motor Corp said on Wednesday it planned to recall around 1.03 million vehicles, including its gasoline-hybrid Prius model, in Japan, North America, Europe and other regions due to an issue with the engine wire harness which can pose a fire risk.
Australian office landlord Investa Office Fund said it will study a $2.4 billion takeover bid from Canada’s Oxford Properties Group, an offer that was criticized by rival suitor Blackstone which also threatened to drop its own bid.
Boeing Co said on Wednesday its KC-46 mid-air refueling tanker program completed the U.S. Federal Aviation Administration certification, nearly three years after the planemaker commenced testing for the certification.
Stock markets fell in Asia on Wednesday and the safe-haven dollar hovered near a two-week high as heightened worries over international trade conflicts and emerging market weakness curbed investors’ appetite for riskier assets.
Wealth manager Perpetual Ltd said it has divested Commonwealth Bank of Australia from its A$1.3 billion ($933.6 million) ethical fund due to revelations of corporate misconduct, the first big institutional investor to do so.
Canada heads into talks in Washington on Wednesday to renew NAFTA determined not to back down on key issues despite threats from U.S. President Donald Trump to retaliate against the Canadian economy unless Ottawa gives ground quickly.
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