Business & Finance News
Finland’s state-controlled airline Finnair has turned to the financial world for its new chief executive, appointing Nordea Bank’s Topi Manner to take the role from January.
The Netherlands pilots’ union said on Tuesday it has reached agreement on a new deal with Air France-KLM over working hours, removing the threat of strike action later this year.
A rebound in Chinese shares and a rally in Italian bonds bolstered Europe’s spirits on Tuesday, though the pressure remained firmly on emerging market currencies as the dollar shifted up through the gears again.
Oil prices rose sharply on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane.
The chances Britain will leave the European Union in March without a deal are one in four, a Reuters poll found, and the Bank of England is likely to wait until after Brexit before raising borrowing costs again.
Deutsche Bank will be booted from the Eurostoxx 50 index of leading European stocks, documents seen by Reuters on Tuesday showed, the latest blow to Germany’s largest lender.
Finland’s national airline Finnair has turned to the financial world for its new chief executive, appointing Nordea Bank’s Topi Manner to take the role from January.
Deutsche Bank said on Tuesday that it was committed to improving the bank’s profitability amid expectations that its shares would fall out of the Eurostoxx 50 index.
(In this version of Sept. 3 story, Societe Generale corrects statement to show estimated penalties 1.1 billion (not 1.2 billion) euros)
Oil prices rose on Tuesday, with U.S. crude breaking through $70 a barrel, after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane.
Sales of Lego dinosaurs and a Bugatti sports car helped the Danish toymaker stabilize revenue in the first half of this year after a drop in 2017 for the first time in more than a decade.
U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.
Finland’s national carrier Finnair appointed on Tuesday Nordea Bank executive Topi Manner as its new chief executive officer starting from January, following a departure of CEO Pekka Vauramo.
A vote by striking workers at Alcoa’s giant west Australian operations will close on Thursday, with the union anticipating a strong “no” vote that could prolong the four-week old strike.
Asian shares rose on Tuesday, with markets reversing earlier losses, but investors were apprehensive as the Sino-U.S. trade dispute threatened to escalate this week and Argentina’s austerity measures rattled emerging markets.
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