Business & Finance News
Deutsche Bank will start to plow more money into its investment banking operations and expects the business to pick up after lagging peers’ performance in the quarter.
The European Union Commission is preparing to introduce tariffs on $20 billion of U.S. goods if Washington imposes trade levies on imported cars, EU trade commissioner Cecilia Malmstrom told the Swedish newspaper Dagens Nyheter on Wednesday.
Irish airline Ryanair has told over 300 over pilots and cabin crew that they may lose their jobs as it cuts its Dublin-based fleet by 20 percent for the winter season after recent strikes hurt forward bookings.
France’s state-controlled power group EDF pushed back the timetable for its Flamanville nuclear reactor project by a year, after it found further flaws, and added the project would now cost more than previously forecast.
German carmaker Daimler said it will deepen a partnership with China’s Baidu on automated driving and vehicle connectivity services.
The European Union Commission is preparing to introduce tariffs on $20 billion of U.S. goods if Washington imposes trade levies on imports of cars, EU trade commissioner Cecilia Malmstrom told Swedish daily Dagens Nyheter on Wednesday.
The European Union’s budget commissioner, Guenther Oettinger, said on Wednesday the bloc could try to seek a wide reduction of tariffs in negotiations with the United States this year.
Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany’s largest bank restructures under new leadership.
Asian stocks rose modestly on Wednesday, supported by upbeat Wall Street earnings and hopes China’s government spending would boost growth but trade tensions remained in focus ahead of a meeting between the U.S. and European Commission presidents.
Tight checks by Chinese customs officials to halt the smuggling of scrap steel to Southeast Asia have forced some exporters to cancel or delay shipments, benefiting rivals like Russia that are prowling for market share amid a raging Sino-U.S. trade war.
Casino operator Crown Resorts Ltd’s dispute over a A$362 million ($270 million) tax bill is scheduled to be heard in an Australian court next month, legal filings show, after the tax office refused leniency.
South Korea’s LG Display Co Ltd , a key Apple supplier, slashed its investment plans by $2.7 billion to 2020 citing concern for the global smartphone market, as it posted a second consecutive quarterly loss.
Asian stocks were higher on Wednesday, supported by strong Wall Street earnings and hopes China’s government spending would boost growth but trade tensions remain in focus ahead of a meeting between the U.S. and European Commission presidents.
President Donald Trump on Tuesday criticized the Federal Communications Commission for not approving Sinclair Broadcast Group Inc’s $3.9 billion acquisition of Tribune Media , calling it “disgraceful” compared with the FCC’s approval several years ago of a deal involving the NBC television network.
A year on from Syngenta’s $43 billion purchase by ChemChina, the seed and chemical giant is leveraging its new status as a Chinese company to grow its tiny share of the highly fragmented China market.
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