Sony in $760 million Olympus stake sale after investor Loeb’s prodding
Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move that Daniel Loeb’s activist hedge fund Third Point LLC had called for.
Europe cheers Italy pact, bond bulls pause for breath
Signs that Italy’s latest political drama was over and hopeful noises from China in its trade war with the United States pushed share markets higher on Thursday and paused the relentless steamrolling of global bond yields.
UBS hires former Credit Suisse star Khan as part of broader shakeup
Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board.
London mayor says firms must play by the rules as Uber faces license renewal
London’s Mayor Sadiq Khan said everyone must play by the rules when asked on Thursday about taxi app Uber’s London license, which is due to expire in less than a month’s time.
South Korea court ruling raises chance of Samsung heir’s return to jail
South Korea’s Supreme Court on Thursday ruled that a bribery case against the heir of the Samsung Group should be reviewed by a lower court, raising the possibility of a tougher sentence and potential return to jail.
China hopes U.S. will create conditions necessary for September trade talks
China and the United States are discussing the next round of face-to-face trade talks scheduled in September, but hopes for progress hinge on whether Washington can create favorable conditions, China’s commerce ministry said on Thursday.
China discussing September trade talks with U.S.: commerce ministry
China and the United States are discussing face-to-face trade talks that were scheduled to be held in the United States in September, China’s Commerce Ministry said on Thursday.
South Korea top court returns Samsung heir Lee’s bribery case for review
South Korea’s Supreme court on Thursday overturned part of an appeals court ruling in the bribery case of Samsung Group’s de facto chief Jay Y. Lee, who had been given a two-and-a-half-year suspended sentence for seeking favor from the country’s ex-lea…
UBS reshuffles C-suite with Credit Suisse star Khan, Citi vet Harford
The world’s largest wealth manager UBS on Thursday appointed former Credit Suisse manager Iqbal Khan and Citigroup veteran Suni Harford as new wealth and asset management executives.
Bonds reign supreme, equities struggle on recession, Brexit fears
Global bond yields flirted with record lows while stocks inched down on Thursday, as global recession worries from intensifying U.S.-China frictions and the spectre of a no-deal Brexit drove investors to safer harbours.
