EU starts monitoring aluminum imports after U.S. tariffs Data collected on the quantity and value of incoming aluminum products will help the bloc decide whether to take measures to limit imports. The European Commission began an investigation last month to assess the need for potential “safeguard” measures for steel.. Steel […]
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GM president says near resolution for South Korea unit, union accepts wage deal General Motors Co’s (GM.N) president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit, as its South Korean union accepted a wage deal. “Over the last few months, […]
World stocks edgy as rising bond yields raise fears for growth and profits Investors will be watching the European Central Bank later for clues on when it will signal an end-date for its 2.55 trillion euro ($3.2 trillion) asset-buying program. Equities enjoyed strong gains in South Korea, where electronics conglomerate […]
Deutsche Bank scales back investment bank as profit drops Deutsche Bank’s (DBKGn.DE) new chief executive Christian Sewing took firm action on its long-troubled investment bank on Thursday, cutting back bond and equities trading after a dramatic drop in quarterly profit. Deutsche Bank is deeply rooted in Europe – here we […]
EU moves to regulate tech giants’ business practices Tech giants including Google, Apple and Amazon will for the first time face rules governing their commercial relations with smaller businesses under a law proposed by the European Union on Thursday. The new rules will specifically target app stores, search engines, e-commerce […]
Shell, Total start 2018 on a high thanks to rising oil prices Brent crude oil prices in the first three months of this year averaged around $67 a barrel, leaving last year’s $54.5 behind as a distant echo of the price crash of late 2014. The world’s top oil companies […]
Costa Coffee to break from Whitbread after investor pressure Costa Coffee will be spun off as an independent business after owner Whitbread (WTB.L) yielded to pressure from hedge fund investors who saw value in breaking up a group that also runs the Premier Inn hotel chain. Costa Coffee, second in […]
Google overhauls Gmail to lure businesses away from Microsoft Alphabet Inc’s (GOOGL.O) Google unveiled on Wednesday its first Gmail redesign since 2013, capping what the company says was an expensive overhaul two years in the making to adopt security and offline functionality and better resemble Microsoft Outlook. It is Google’s […]
Global banks fear China will limit JV control through new rule Western banks are seeking clarification from China’s securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors. Giving foreign financial firms […]
Hostile takeover? Daimler CEO says no fears about Chinese magnate Li Shufu German car maker Daimler AG’s (DAIGn.DE) boss said on Wednesday there was no indication the firm’s largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover after he took a $9 billion stake in the firm […]
