BMW’s stronger SUV sales help new CEO deliver profit lift
BMW’s new chief executive delivered a 33% third-quarter operating profit rise as stronger sports utility vehicle sales and the absence of the one-off factors which depressed earnings a year earlier lifted its earnings.
DWS sees one-in-four chance ECB will hike rates next year
There is a one-in-four chance that European Central Bank chief Christine Lagarde will deliver an interest rate hike in her first year in office, German asset management firm DWS predicted on Tuesday, adding the risk of a global recession was very low.
Bombardier says to deliver all Swiss Railways trains by mid-2021
Bombardier said on Wednesday it had alleviated technical problems that have held up deliveries of trains to Swiss Federal Railways (SBB) as the Canadian plane-and-train-maker aims to complete the long-delayed contract by mid-2021.
Risk rally hits pause button as markets await trade signals
Global stock markets steadied after a three-day rally on Wednesday as traders continued to watch incoming economic data and awaited new developments from U.S.-China trade talks.
SoftBank’s Son humbled after Vision Fund’s $8.9 billion loss
SoftBank reported its first quarterly loss in 14 years on Wednesday, whiplashed by an $8.9 billion hit at its giant Vision Fund and marking a rare, humbling moment for CEO Masayoshi Son over his backing of troubled startup WeWork.
Oil falls after three-day rally on larger-than-expected U.S. crude build
Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions.
China urges re-elected Canadian government to free Huawei executive Meng Wanzhou
China’s Foreign Ministry on Wednesday urged Canada’s re-elected Liberal Party government to immediately release detained Huawei [HWT.UL] executive Meng Wanzhou.
SoftBank’s second-quarter whiplashed by $8.9 billion loss in Vision Fund
SoftBank Group Corp reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a 970 billion yen ($8.9 billion) loss on falling valuations of top tech bets such as WeWork and Uber.
Tesla plans after-sales network expansion in China as Shanghai factory spins up
Tesla Inc plans to double the number of repair and maintenance shops, add about 100 charging stations and revamp showrooms in China as the electric vehicle maker gears up to open its Shanghai plant.
Former Goldman Sachs executive to stand trial in Malaysia next year
Former Goldman Sachs banker Roger Ng will face trial in Malaysia in April for allegedly abetting the sale of $6.5 billion in bonds tied to troubled state fund 1Malaysia Development Berhad (1MDB), a judicial official said on Wednesday.
