Business & Finance News
The chief executive of Volkswagen said Luca de Meo, who stepped down as chief executive of the German carmaker’s Spanish Seat brand this month, was probably in talks with French carmaker Renault .
Chinese private equity firm CITIC Capital is actively bidding for a 22% stake in McDonald’s Corp’s mainland China and Hong Kong businesses, its chairman and chief executive told Reuters on Thursday.
Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.
World shares fell on Thursday, led by the biggest decline in Chinese stocks in more than eight months, as concern mounted about the spread of a deadly virus in China.
The chief executive of Volkswagen told CNBC that Luca de Meo, who earlier this month stepped down as chief executive of the German carmaker’s Spanish Seat brand, was probably in talks with Renault .
BP’s finance chief Brian Gilvary is to step down in June after eight years in the role and will be replaced by a close ally of Bernard Looney who takes over as chief executive next month.
Australia’s Westpac Banking Corp named a former Barclays boss as chairman on Thursday, entrusting veteran banker John McFarlane with the task of steering it through the country’s biggest money-laundering scandal.
The Japanese yen strengthened and China’s yuan fell to a two-week low on Thursday as investors grew more anxious about the spread of a virus in China, while the euro was calm ahead of the European Central Bank meeting.
Britain will soon decide what role China’s Huawei will have in its 5G telecommunications network but there are only a limited number of alternative providers, business minister Andrea Leadsom said on Thursday.
Britain wants a trade deal with the United States but will impose a digital service tax on the revenue of companies such as Google, Facebook and Amazon, business minister Andrea Leadsom said on Thursday.
Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1% on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.
Siemens Chief Executive Joe Kaeser said he was seeing a more positive mood among the German engineering company’s clients at the start of the year, he told CNBC on Thursday.
Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China.
A number of Chinese listed companies – ranging from biotech firms, drugmakers, mask producers and thermometer manufacturers – announced efforts in response to a national call to fight the outbreak of the Wuhan coronavirus.
Asian shares tumbled on Thursday, led by the biggest slide in Chinese stocks in more than eight months, as investors grew more anxious about the spread of a new flu-like virus in China just as millions prepared to travel for the Lunar New Year.
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