Business & Finance News
HONG KONG/MOSCOW (Reuters) – Russia’s largest aluminum producer, United Company Rusal Plc , said on Thursday that its chief executive and seven board members had quit, part of a strategy it hopes may persuade the United States to lift crippling sanctions on it.
(Reuters) – The U.S. Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday.
WASHINGTON (Reuters) – The United States has not made a final decision on changes to its ban on ZTE Corp , but any alternative remedy could include installing U.S. compliance officers at the Chinese telecoms company, Commerce Secretary Wilbur Ross told CNBC.
(Reuters) – Worries over U.S. trade protectionism, this time around car imports, weighed on Wall Street’s main indexes on Thursday, overshadowing optimism that the Federal Reserve may be more tolerant of rising inflation than previously expected.
BRUSSELS (Reuters) – The European Parliament distributed on Thursday what it called a first set of written replies from Facebook to oral questions put by lawmakers to CEO Mark Zuckerberg at a meeting in Brussels on Tuesday.
MILAN (Reuters) – What do you get when luxury fashion meets sport? $10,000 sneakers.
FRANKFURT (Reuters) – Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.
LONDON (Reuters) – World shares crept higher on Thursday as cars become the latest focus of U.S. protectionism worries, while Turkey’s lira slumped back after a huge emergency interest rate hike failed to stem its problems.
FRANKFURT/BERLIN (Reuters) – Activist hedge fund Elliott said on Thursday it would step up pressure on Thyssenkrupp’s leadership to revive the German industrial conglomerate’s fortunes, confirming it had taken a stake of less than 3 percent.
MOSCOW (Reuters) – U.S. consumer goods group Procter & Gamble (P&G) will keep investing in Russian plants in 2018 and beyond, reaffirming its commitment to the market despite political risks.
LONDON (Reuters) – Food giant Nestle plans to combine its scientific research operations into a single unit in an attempt to speed up development of new products at a time when competition from smaller rivals is intensifying.
MOSCOW (Reuters) – The world’s largest consumer goods maker Procter & Gamble plans to invest a further 3 billion roubles ($48.5 million) in its Russian production facilities this year, a senior company executive overseeing the Russian market told Reuters.
BRUSSELS (Reuters) – European Commissioner for Competition Margrethe Vestager will hold a news conference on Thursday to announce an antitrust decision, which is expected to be on Gazprom .
FRANKFURT (Reuters) – Deutsche Bank will shrink global staff to well below 90,000 from the current 97,000, as part of a broad restructuring move to reduce costs and restore profitability, it said on Thursday.
SHANGHAI/SINGAPORE (Reuters) – Australian airline Qantas Airways said on Thursday that it has been given more time to clarify how it refers to Chinese territories on its website, as a deadline set by Chinese authorities approaches.
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