April 25, 2019

Bristol-Myers profit slightly tops Wall Street view on blood thinner sales

U.S drugmaker Bristol-Myers Squibb Co, which is set to buy biotechnology company Celgene Corp for $74 billion, posted slightly better-than-expected first-quarter earnings on Thursday on strong […]
April 25, 2019

German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank end

Deutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the risks of doing a deal, restructuring costs and capital demands dashing efforts to forge […]
April 25, 2019

China seeks to allay fears over Belt and Road debt risks

China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the […]
April 25, 2019

World stocks slip, euro suffers, growth fears linger

World equity markets slipped on Thursday amid worries on global growth and as investors digested European earnings, while the Swedish crown slumped to its lowest in […]
April 25, 2019

Deutsche Bank and Commerzbank call off merger talks

Deutsche Bank and Commerzbank have ended talks to merge with no deal, the banks said on Thursday. Powered by WPeMatico
April 25, 2019

Royal Bank of Scotland CEO McEwan to step down after more than five years

Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership […]
April 25, 2019

SoftBank invests in Alphabet business for cellphone antennas in the sky

A SoftBank Corp subsidiary said on Wednesday it had invested $125 million in an Alphabet Inc company that is working to fly cellphone antennas high in […]
April 25, 2019

Gucci owner Kering close to settling Italian tax dispute for 1.3-1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities […]
April 25, 2019

Bayer’s profit gets boost from Monsanto but legal burden mounts

German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the […]
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