February 27, 2019

Investor Cerberus open to Deutsche Bank merger with Commerzbank: source

U.S. investor Cerberus is open to a merger between Germany’s two largest private banks, Deutsche Bank and Commerzbank, a person familiar with the matter said on […]
February 27, 2019

Elliott pushes for Hyundai shareholder support after dividend proposals rejected

Elliott Management Corp on Wednesday urged shareholders of a Hyundai Motor Group firm to vote for its proposal for higher dividends and new board members, a […]
February 27, 2019

Wingardium Leviosa! Harry Potter magic helps Lego lift sales

Harry Potter and Star Wars building sets helped Lego return to growth in 2018, along with strong sales in China, where the privately-owned Danish toymaker plans […]
February 27, 2019

Oil advances as OPEC set to continue supply cuts despite U.S. pressure to ease

Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC seemed to stick to its supply cuts despite […]
February 27, 2019

China’s CDH targets raising $1 billion in venture capital arm: sources

China’s CDH Investments is aiming to raise nearly $1 billion in dollar and yuan funds through its venture and growth capital arm to invest in sectors […]
February 27, 2019

Vietnamese carriers VietJet, Bamboo unveil Boeing deals worth $15 billion

Vietnamese carriers VietJet and Bamboo Airways formally announced on Wednesday deals with Boeing Co to buy 110 planes worth more than $15 billion as the fast-growing […]
February 27, 2019

Hyundai Motor says to lift auto operating margin to 7 percent by 2022

Hyundai Motor Co said on Wednesday it plans to boost the core automotive businesses’ operating profit margin to 7 percent by 2022, compared with 2.1 percent […]
February 27, 2019

Hot-rolled mess: China’s steelmakers hit the skids as car sales slow

China’s steel mills may have taken a wrong turn by adding millions of tonnes of new high-end capacity just as the country’s car sector, a key […]
February 27, 2019

You don’t need a PhD anymore to read Fed’s statements

The Fed’s policy statements grew so complicated after the recession that standard gauges of readability suggested people needed four years of university or more to understand […]
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