November 28, 2019

PSA readying sale of its stake in Chinese tie-up with Changan

Peugeot maker PSA Group is preparing to sell its 50% stake in a joint venture with Chinese partner Chongqing Changan Automotive , a spokesman for the […]
November 28, 2019

Morgan Stanley dismisses traders linked to concealment of multimillion-dollar loss: Bloomberg

Morgan Stanley has fired or placed on leave at least four traders over alleged mismarking of securities that concealed losses of between $100 million and $140 […]
November 28, 2019

Royal Mail union loses appeal to overturn injunction to halt strike

Britain’s Royal Mail on Thursday confirmed that its biggest union lost an appeal to overturn a High Court injunction to stop a strike ahead of a […]
November 28, 2019

Exclusive: Big four auditors face investor calls for tougher climate scrutiny

European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure […]
November 28, 2019

India considers commissions cap for Uber, Ola, unsettling industry

India plans to cap the commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, […]
November 28, 2019

Oil falls as U.S. rights bill fuels tensions with China

Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and President Donald Trump signed into law […]
November 28, 2019

Axel Springer unit, others say Google still playing unfairly, want EU to act

Axel Springer’s price-comparison shopping service Idealo and 40 other European peers have accused Alphabet Inc’s Google of tilting the playing field in its favor and urged […]
November 28, 2019

Saudi Aramco IPO’s retail tranche oversubscribed: lead manager

The retail portion of Saudi Aramco’s initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals ($10.2 billion), lead manager Samba Capital […]
November 28, 2019

Grain trader Louis Dreyfus to cut costs in ongoing overhaul

Louis Dreyfus Company is making sweeping cost cuts, starting with travel, entertainment, hiring and salaries, as the 168-year-old agricultural commodities firm tries to revive dwindling profits. […]
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