Siemens CEO deplores admiration for ‘pot smoker’ after deputy praised Elon Musk
Siemens Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk.
Saudi Aramco targets sale of 0.5% of oil firm to retail investors in IPO: sources
Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters.
AXA expects to book $3.1 billion gain from EQH exit
French insurer AXA said it expected to book net proceeds of $3.1 billion from the sale of a 29% stake in AXA Equitable Holdings (EQH) as it exits its U.S. life insurance business.
Alibaba hires more banks on up to $15 billion listing: sources
Alibaba has extended its investment banking syndicate as it works towards a $10 billion to $15 billion listing in Hong Kong at the end of the month, according to three sources with direct knowledge of the matter.
China-U.S. trade war to ease but conflicts will persist – former finance minister
A Sino-U.S. trade war could ease somewhat but wider conflicts between the world’s two largest economies will continue, Lou Jiwei, a former Chinese finance minister, said on Saturday.
EU heavyweight states push for joint supervisor against money laundering
The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks.
WeWork data shows growth still doubling
WeWork owner The We Company disclosed data on Friday that showed expansion of its office-sharing business was almost doubling in size from a large pipeline of leases even as the money-losing company plans to slash costs and reduce its headcount.
Southwest and American pull 737 MAX until early March, nearly a year after grounding
Southwest Airlines and American Airlines Group Inc said on Friday they are extending Boeing 737 MAX cancellations until early March, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding.
Amazon long-time executive Steve Kessel to step down
E-commerce giant Amazon.com Inc’s long-serving executive Steve Kessel will leave the company after 20 years, a company spokesperson told Reuters on Friday.
Southwest pulls 737 MAX until March, nearly a year after grounding
Southwest Airlines said on Friday it is extending Boeing 737 MAX cancellations until March 6, 2020, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding.
