September 26, 2018

Daimler names Kaellenius as CEO from 2019, Zetsche to become chairman

Daimler AG on Wednesday named Swede Ola Kaellenius as chief executive from 2019 and proposed that current CEO Dieter Zetsche would become chairman of the supervisory […]
September 26, 2018

Deutsche Bank looked at merger scenario with UBS: Handelsblatt

Deutsche Bank has considered a theoretical merger with UBS to study the effects of any tie-up, the German business daily Handelsblatt reported on Wednesday, citing people […]
September 26, 2018

Foreign airlines to face new rivals on popular China routes as restrictions ease

Foreign airlines that fly on 20 popular long-haul routes to China will face fresh competitive pressure as Beijing begins to ease decade-old restrictions on Oct. 1, […]
September 26, 2018

Versace takeover will bring jobs to Italy, its designer says

Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors but the deal with the U.S. fashion group will create […]
September 26, 2018

Brent oil trades near four-year high, but U.S. crude retreats

Brent crude was trading around its highest in nearly four years on Wednesday, while U.S. crude futures fell as Washington tried to assure consumers that the […]
September 26, 2018

Talks on bailout package for Air India at ‘advanced stage’: official

Discussions on a revival package for beleaguered state-run carrier Air India are at an “advanced stage”, the country’s junior aviation minister Jayant Sinha said on Wednesday. […]
September 26, 2018

Asian shares advance as Chinese stocks extend recovery

Asian shares pulled ahead on Wednesday, as Chinese markets extended their recovery to hit eight-week highs on receding fears about the trade war as well as […]
September 26, 2018

In a U.S. manufacturing hub, no illusions about tariffs and jobs

In a town where a 30-feet tall chair is the chief landmark, and which is synonymous with a U.S. furniture industry decimated over the years by […]
September 25, 2018

Nike profit tops targets but margins disappoint some

Nike Inc topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a […]
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