PARIS (Reuters) – French media conglomerate Vivendi (VIV.PA) and activist fund Amber Capital – the two biggest shareholders in French company Lagardere (LAGA.PA) – said they would go to court over Lagardere’s refusal to hold a special shareholders meeting. The... More »
LONDON (Reuters) – Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some customers to turn a profit. The loss-making firm has burned t... More »
ZURICH (Reuters) – With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets. Hiring new client relatio... More »
FRANKFURT/SYDNEY/HONG KONG (Reuters) – Deutsche Bank (DBKGn.DE) shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000 jobs around the world, starting the day with cuts in Asia. The... More »
SAO PAULO (Reuters) – When Fabio Schvartsman took the reins of Vale SA in 2017, he suggested a motto for the world’s largest iron miner, turning the page on a tailings dam disaster that hit a small Brazilian town two years before: “Mariana, never again.” That ... More »
SINGAPORE (Reuters) – Grab unveiled a grocery delivery service on Tuesday, betting the firm’s extensive network of 7.1 million drivers, agents and merchants will help steer the company as it expands beyond its core ride-hailing business across Southeast Asia. ... More »
TOKYO (Reuters) – A self-driving car service could be on Tokyo’s public roads in time for the 2020 Olympics as Japan looks to drive investment in new technology to drive economic growth, according to a government strategic review announced on Monday. The strat... More »
TOKYO (Reuters) – Sony Corp’s (6758.T) new chief executive is embracing entertainment content, but for now appears to be steering clear of direct competition with tech giants such as Apple Inc (AAPL.O) and Netflix Inc (NFLX.O). The company last week announced ... More »
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday. The German bank’s supervisory board met on Wednesday... More »
(Reuters) – Time and again during Bill Cosby’s second trial, the comedian’s lawyers launched blistering attacks on the six women who told a Pennsylvania jury that he had sexually abused them, questioning their motives and assailing their characters in stark te... More »
WOLFSBURG, Germany (Reuters) – Volkswagen’s (VOWG_p.DE) new Chief Executive Herbert Diess on Friday said he will consider asset sales and seeks to turn the multi-brand conglomerate into a slimmed down company with strong brands. Speaking at his first news conf... More »
(Reuters) – Walmart Inc’s (WMT.N) efforts to develop closer ties with health insurer Humana Inc (HUM.N), which came to light on Thursday, point to a brave new world of retail where superstores become healthcare centers offering basic medical care. They are als... More »
FILE PHOTO: A logo of Nippon Steel & Sumitomo Metal Corp is seen outside the company’s headquarters in Tokyo February 7, 2014. REUTERS/Yuya Shino/File Photo TOKYO (Reuters) – Nippon Steel & Sumitomo Metal Corp (5401.T), Japan’s biggest steelmaker, said on Frid... More »
FILE PHOTO: A customer carries a Lego box at a Lego store in Beijing, China January 13, 2018. REUTERS/Jason Lee/File Photo BEIJING/SHANGHAI (Reuters) – Danish toymaker Lego is hoping to build a following with Chinese parents by promoting its place in the class... More »
FILE PHOTO: Pedestrians are reflected on Mizuho Bank’s signboard in Tokyo, Japan, January 25, 2017. Picture taken January 25, 2017. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Japan’s Mizuho Financial Group Inc (8411.T) sees a pickup in overseas lendin... More »
A car with the Nissan logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst SINGAPORE (Reuters) – Nissan Motor Co (7201.T) said on Tuesday it will launch the new version... More »
FILE PHOTO: The Allergan logo is seen in this photo illustration in Singapore November 23, 2015. REUTERS/Thomas White/File Photo PARIS (Reuters) – Botox-maker Allergan (AGN.N) has embarked on a big push in China where it plans to hire 200 additional staff this... More »
FILE PHOTO: The company logo of China Oil and Foodstuffs Corporation (COFCO) is seen at its headquarters in Beijing, China, November 3, 2016. REUTERS/Thomas Peter/File Photo LONDON/PARIS/BEIJING (Reuters) – China’s COFCO International is in the throes of a sta... More »
FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo HANGZHOU, China (Reuters) – In a small village shop near the eastern Chinese city of Hang... More »
LONDON (Reuters) – British car dealership Pendragon (PDG.L) is to sell its U.S Motor Group business after concluding a strategic review following a profit warning, it said on Monday. The firm, which warned on profit in October due to a fall in demand for new c... More »
FILE PHOTO: A Infosys employee stands at the front desk of its headquarters in Bengaluru, India, April 15, 2016. REUTERS/Abhishek N. Chinnappa/File photo MUMBAI (Reuters) – After well over a decade with Capgemini, Salil Parekh is returning home to head unsettl... More »
Uber’s Asia Pacific Chief Business Officer Brooks Entwistle gives an interview to Reuters in Tokyo, Japan, November 27, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Uber executives are travelling the globe to reassure regulators that the company is changing ... More »
FILE PHOTO: The logo of Swiss specialty chemicals company Clariant is seen at the company’s headquarters in Pratteln, Switzerland October 29, 2017. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Clariant (CLN.S) on Friday rejected its largest shareholder White Tale’... More »
NEW YORK/LONDON/CARACAS (Reuters) – Venezuela’s efforts to restructure its debt may have triggered an initial stampede for the exits, but some investment funds are maintaining their portfolios or even beefing them up, betting that other investors’ distress cou... More »
The logo of French bank Natixis is seen outside of one of their offices in Paris, France, January 24, 2017. REUTERS/Jacky Naegelen PARIS (Reuters) – France’s fourth-biggest listed bank Natixis aims to grow revenue by five percent annually over the next three y... More »
Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada's CSeries program at midnight after the talks with Bombardier leaked to Reuters. On Tuesday, he performed a U-turn by backing a similar deal after all - again at dead of night. More »
French biotech company Neovacs is confident that its experimental drug to treat lupus could grab significant market share from standard treatments of the auto-immune disease, its chief executive said. More »
Daimler's (DAIGn.DE) Chief Executive Dieter Zetsche on Monday said Mercedes-Benz will offer electric versions of all its models by 2022, converting its Smart city car brand to become fully electric. More »
FILE PHOTO: Customers pack goods in plastic bags at a parking outside an Aldi supermarket in Hamburg July 28, 2010. REUTERS/Christian Charisius German discount grocery chain Aldi North is planning to spend more than 5 billion euros ($5.71 billion) to revamp it... More »
President of the Toyota Motor Corporation Akio Toyoda delivers a speech before signing a partnership deal with the International Paralympic Committee in Tokyo, November 26, 2015. REUTERS/Thomas Peter Toyota Motor Corp (7203.T) may consider mergers or acquisiti... More »
FILE PHOTO: A Vodafone logo is seen on a mobile internet dongle in this photo illustration, November 9, 2010. REUTERS/Suzanne Plunkett/Illustration/File Photo British mobile operator Vodafone risks being left on the sidelines as rivals converge to break free f... More »
The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo Unilever (ULVR.L) said the shock of Kraft Heinz’s (KHC.O) opportunistic approach... More »
Honda Chief Executive Officer Takahiro Hachigo (R) and his Hitachi Automotive counterpart Hideaki Seki shake hands at a photo session after their news conference in Tokyo, Japan, February 7, 2017. REUTERS/Kim Kyung-Hoon Honda Motor Co Ltd and Hitachi Ltd’s aut... More »
Jay Y. Lee, center, vice chairman of Samsung Electronics, arrives to be questioned as a suspect in bribery case in the influence-peddling scandal that led to the president’s impeachment at the office of the independent counsel in Seoul, South Korea, Thursday, ... More »
A discarded carrier bag is seen in a shopping trolley outside a Tesco supermarket in London, Britain, January 5, 2015. REUTERS/Luke MacGregor/File Photo Two years after an accounting scandal plunged Tesco into the worst crisis in its 97-year history, the Briti... More »
Herve Brailly, CEO of Innate Pharma, attends the Reuters Biotech summit in Paris June 3, 2009. REUTERS/John Schults France’s Innate Pharma believes that its cash position and portfolio are sufficiently robust for the cancer drug company to remain independent f... More »
A vintage wheelcap of a BMW is picturesd before a news conference marking the company’s 100th birthday festivities in Munich, southern Germany March 7, 2016. REUTERS/Michael Dalder/File Photo BMW wants to boost sales of electric cars by two-thirds next year to... More »
A man walks past the logo of ING Group NV at a branch office in Amsterdam, Netherlands January 9, 2014. REUTERS/Toussaint Kluiters/File photo ING Groep (INGA.AS), the largest Dutch-based financial services company, said on Monday it plans to shed 7,000 jobs an... More »
By Amanda Becker | WASHINGTON WASHINGTON If you haven’t heard a lot about what Hillary Clinton thinks of a string of controversial comments by Donald Trump that have generated round-the-clock coverage on cable news broadcasts, there is a reason – it’s by desig... More »
FRANKFURT Deutsche Bank Chief Executive John Cryan will present details of a deep overhaul of Germany’s biggest lender on Thursday, hoping his changes will please investors after rival Credit Suisse’s plan drew a tepid response. One top 30 institutional shareh... More »
ZURICH/LONDON When Tidjane Thiam unveils his plans for Credit Suisse on Wednesday the Swiss bank’s new chief executive will likely rest his case on three Cs: capital, cuts and charm. Thiam will show his hand after taking the reins at Zurich-based Credit Suisse... More »
ZURICH Swiss bank Credit Suisse plans to tap investors for a “substantial” capital raising to fund a restructuring of the bank under new Chief Executive Tidjane Thiam, the Financial Times said on Thursday. Since taking charge of Credit Suisse in July, Thiam ha... More »
