Business & Finance News
Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the company’s works council.
Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests.
When Hartmut Braune comes to work in security communications at SAP, he never knows what emergency will land in his inbox.
British budget airline easyJet has bought failed travel company Thomas Cook’s take-off and landing slots at London Gatwick and Bristol airports for 36 million pounds ($46.13 million), it said on Friday.
Hong Kong’s Cathay Pacific Airways Ltd said on Friday it would allocate half of its order for 32 Airbus SE A321neos to its recently-acquired low-cost carrier HK Express as it looks to grow in the budget market.
Italian carmaker Fiat Chrysler will be able to “seize great opportunities” from a merger with Peugeot owner PSA , its chairman John Elkann said on Friday.
Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests.
Uncertainty about the fate of the trade negotiations between the United States and China kept markets on their toes on Friday, with European stocks benchmarks mimicking their Asian peers and retreating from the previous session’s highs.
Leasing giant GECAS, the aircraft leasing subsidiary of General Electric , has ordered 25 Airbus aircraft including a rare purchase of jets powered by GE’s rival engine maker Rolls-Royce, two people familiar with the matter said.
Japanese companies are unlikely to invest in Saudi Aramco’s blockbuster initial public offering (IPO) because it is difficult to evaluate the value of the world’s biggest oil company, the head of Japan’s largest refiner said on Friday.
GECAS, the aircraft leasing subsidiary of General Electric , has ordered 25 Airbus aircraft including a rare purchase of jets powered by GE’s rival engine maker Rolls-Royce, two people familiar with the matter said.
Alibaba Group will kick off its annual 24-hour shopping extravaganza on Monday with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles’ Day sales.
Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, two people with direct knowledge of the matter told Reuters.
The value of the cost savings announced in the planned merger between Peugeot owner PSA and Fiat Chrysler is nominal, and its management will try to improve that over time, PSA’s chief executive told French BFM Business radio on Friday.
Asian stocks retreated from six-month highs on Friday as conflicting signals from China and the United States on progress made in trade talks deflated market hopes of a near term truce to end their damaging tariff war.
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