February 4, 2019

Improving profitability at Deutsche Bank is biggest challenge: S&P

Standard & Poor’s left its ratings on Deutsche Bank unchanged on Monday and said profitability is the lender’s biggest hurdle. Powered by WPeMatico
February 4, 2019

Two Huawei staff expelled from Denmark after work permit inspection

Danish authorities have expelled two Huawei Technologies staff after an inspection at the company’s Copenhagen office showed they failed to comply with laws covering residence and […]
February 4, 2019

Germany facing big budget hole as economy slows: finance ministry document

Germany is facing a budget shortfall of around 25 billion euros ($28.6 billion) by 2023 as an economic slowdown means tax revenues will come in below […]
February 4, 2019

Merger partners need to look closer to home to win over EU regulators

As Siemens and Alstom face EU rejection of their plan to create a European rail champion to fight foreign rivals, the lesson for other companies is […]
February 4, 2019

From cars to quakes: Italy’s banks take on insurance

An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to […]
February 4, 2019

Toyota reports fall in U.S. auto sales in January

(This Feb 1 story corrects headline to say only Toyota’s sales fell in January, not Fiat’s) Powered by WPeMatico
February 4, 2019

Australia vows to clean up financial sector after landmark misconduct inquiry

A special government-appointed inquiry excoriated Australia’s financial sector for misconduct on Monday, referring two dozen cases to regulators for possible legal action but leaving the structure […]
February 4, 2019

Euronext may sweeten offer for Oslo Bors as Nasdaq makes rival bid

Stock markets operator Euronext said on Monday it may increase its offer for Oslo Bors VPS after Nasdaq made a higher rival bid. Powered by WPeMatico
February 4, 2019

Julius Baer to cut jobs as profitability lags

Julius Baer plans to axe 130-140 jobs, or around 2 percent of its workforce, as part of a cost-cutting plan announced on Monday, after a tough […]
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