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China says phone call on trade with U.S. Thursday went very well

China's commerce ministry said on Thursday that a phone call on Thursday with U.S. top trade negotiators went very well, adding that Beijing opposes any escalation in the trade war.



4 years ago

Nissan probe finds CEO Saikawa, other execs overpaid in compliance failure: source

Nissan Motor Co was embroiled in another scandal over executive pay on Thursday after Chief Executive Hiroto Saikawa admitted to being overpaid in violation of internal procedures under a scheme designed by ousted Chairman Carlos Ghosn.



4 years ago

China, U.S. to hold trade talks in October; Beijing says phone call went well

China and the United States on Thursday agreed to hold high-level trade talks in early October in Washington, amid fears that an escalating trade war could trigger a global economic recession.



4 years ago

Danske Bank poaches Commerzbank finance chief in post-scandal shake-up

Danske Bank named Stephan Engels from Commerzbank as its finance chief on Thursday, in an ongoing overhaul by the Danish lender's new boss to restore trust after its involvement in a damaging money laundering scandal.



4 years ago

Turkey, Volkswagen close in on production plant deal: sources

Turkey is increasingly confident German carmaker Volkswagen will build a production plant in the country after an "extremely positive" meeting between a senior company official and President Tayyip Erdogan this week, three Turkish sources said.



4 years ago

Nordea names former Handelsbanken boss as new CEO

Finland's Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region's biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.



4 years ago

Unipec resells U.S. crude oil to India, South Korea amid trade tensions: sources

Unipec is reselling some U.S. crude oil meant for China to buyers in India and South Korea after Beijing imposed a tariff on U.S. oil amid escalating trade tensions with Washington, three sources with knowledge of the matter said on Thursday.



4 years ago

European stocks hit one-month highs on news of U.S.-China trade talks

European shares rose to fresh one-month highs and safe-haven assets such as gold and the yen fell after news of U.S.-China talks set for early October raised hopes of a de-escalation in their trade war before it further damages the world economy.



4 years ago

Apple places $7 billion in return to bond market

Apple Inc said on Thursday it had sold $7 billion of bonds at yields ranging up to 103 basis points over the equivalent U.S. Treasury on maturities of up to 30 years, its first such debt issues since November 2017.



4 years ago

Unipec resells U.S. oil to India, South Korea after China tariffs -sources

China's Unipec is reselling some of the crude oil it imports from the United States to buyers in India and South Korea to avoid tariffs Beijing imposed in its trade war with the U.S., three sources with knowledge of the matter said on Thursday.



4 years ago

Fashion brand Zara seeks to distance itself from Hong Kong controversy

Spanish fashion brand Zara, seeking to avoid becoming embroiled in controversy over protests in Hong Kong, issued a statement on Chinese social media expressing support for China's sovereignty over the Asian financial hub.



4 years ago

Bayer says Monsanto's list of influential people was not illegal

Bayer said a law firm it had commissioned to investigate a compilation of data on journalists, politicians and researchers by Monsanto had found no evidence of illegal behavior by the seed maker that Bayer acquired last year.



4 years ago

Stock futures higher on news of U.S.-China trade talks

U.S. stock index futures rose on Thursday as the United States and China agreed to hold high-level talks next month, raising hopes of a de-escalation in a trade war that has bruised global economic growth.



4 years ago

GE has a new analyst covering it, but he's not expecting much from the troubled stock

Morgan Stanley began coverage of General Electric with an equal weight rating.

4 years ago

Facebook's Libra falls into 'big gap' in EU rules: regulator

Facebook's proposed Libra cryptocurrency falls into a "big gap" in European Union financial regulation at a time when the bloc's ability to tackle money laundering is already stretched, a top EU regulator said on Thursday.



4 years ago