February 27, 2019

VW praises Ford’s autonomous tech as partnership talks continue

Volkswagen on Wednesday praised its cooperation with Ford and took pains to highlight its rival’s autonomous vehicles technology, as both carmakers explore deepening their partnership to […]
February 27, 2019

Germany’s Merck makes $5.9 billion counterbid for Versum

German drugs and lab supplies maker Merck KGaA is offering to buy Versum Materials in a cash deal valuing the electronic materials maker at $5.9 billion, […]
February 27, 2019

EU needs financial police, money-laundering watchdog: lawmakers

The European Union should set up a police force to investigate tax evasion and financial crime and create a watchdog to counter money-laundering, EU lawmakers said […]
February 27, 2019

Saudi Aramco adds Goldman Sachs as bookrunner for planned bond: sources

Saudi Aramco has added U.S. investment bank Goldman Sachs as a bookrunner for a planned bond which it will use to help finance its acquisition of […]
February 27, 2019

Ford’s China JV to lay off ‘thousands’ of workers: New York Times

Ford Motor Co’s joint venture in China has “quietly begun” dismissing thousands of its 20,000 workers due to weak auto sales in the world’s second-largest economy, […]
February 27, 2019

Bayer reaps profit lift from Monsanto seeds, consumer health

Bayer’s $63 billion purchase of U.S. seeds maker Monsanto made its mark on the German company’s fourth quarter earnings on Wednesday, lifting profit and boding well […]
February 27, 2019

Oil rises as OPEC defies Trump and sticks to supply cuts

Oil rose for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after Saudi Arabia appeared undaunted by pressure from […]
February 27, 2019

Ahold says on course to meet U.S. online sales growth targets

Ahold Delhaize, which operates supermarkets in Europe and the United States, is on track to meet a 20 percent U.S. online sales growth target this year […]
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 […]
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