May 29, 2020

Volkswagen pumps 2 billion euros into China electric vehicle bet

Volkswagen AG plans to boost its electric push in China, the world’s biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players. […]
May 29, 2020

Volkswagen says it will have full control of JAC-VW Chinese venture

German automaker Volkswagen will have full management control of its JAC-VW joint venture, the company’s China CEO said on Friday. Powered by WPeMatico
May 29, 2020

Stocks slip as investors await Trump’s Hong Kong response

Global stock markets fell and safe havens such as bonds and the Japanese yen gained on Friday, as investors awaited Washington’s response to China tightening control […]
May 29, 2020

Danish state prosecutor drops investigation of Danske Bank auditor EY

Denmark’s state prosecutor has dropped its investigation into whether accounting firm EY breached anti-money laundering laws in connection with its audit of Danske Bank , the […]
May 29, 2020

Futures hit by Sino-U.S. tensions at the end of strong month

U.S. stock futures dropped on Friday as investors braced for President Donald Trump’s response to China’s national security legislation for Hong Kong, threatening to take the […]
May 29, 2020

Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens

Investors are taking a closer look at the market’s consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the […]
May 29, 2020

German official sees Lufthansa bailout in reach, demands fairness

The Berlin government is likely to reach a deal with Brussels on a $10 billion government bailout of stricken airline Lufthansa , senior government official Thomas […]
May 29, 2020

EU’s Vestager denies making Lufthansa bailout more difficult

EU antitrust chief Margrethe Vestager denied on Friday that she was putting hurdles in the way of Lufthansa’s $10 billion government rescue, saying companies getting big […]
May 29, 2020

‘Intensive’ talks on Lufthansa with EU Commission ongoing: Germany

Berlin is in intensive talks with the European Commission over a planned bailout for flagship German carrier Lufthansa , a government spokesman said on Friday. Powered […]
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