China calls out U.S. ‘wrong actions’ as Huawei ban rattles supply chains
China said the United States needs to correct its “wrong actions” for trade talks to continue after it blacklisted Huawei, a blow that has rippled through global supply chains and battered tech shares as investors fear a technology cold war.
Starbucks licenses Thai operations to Charoen-backed venture
Starbucks Corp said on Thursday that a company controlled by Thai billionaire Charoen Sirivadhanabhakdi and a Hong Kong-based firm had won an exclusive deal to operate and develop its retail business in Thailand.
Nissan board nominees not broaching merger issue: member
Nissan Motor Co is not considering the possibility of a merger with top shareholder Renault at the moment, and none of the nominees to the Japanese automaker’s board are pressing to make it an issue now, an external director said on Thursday.
Deutsche Bank CEO readies investment bank cuts as stock hits low
Deutsche Bank’s chief executive is prepared to make “tough cutbacks” in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and competitive.
Ex-Nissan boss Ghosn to ask for monitored visit with spouse: lawyer
Lawyers for Carlos Ghosn will ask a Japanese court to allow the former Nissan Motor boss one monitored visit with his wife after the Supreme Court upheld curbs on contact with his spouse while he is on bail, his legal team said on Thursday.
Italy’s Salvini says League party ready to back state rescue of Carige: paper
Italy’s ruling League party is ready to back a state rescue of Carige in the absence of private investors willing to plug in a capital shortfall at the ailing bank, Deputy Prime Minister Matteo Salvini was quoted as saying.
Trade woes sink shares, Brexit weighs on sterling
World shares made it four days in the red in the last five on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world’s two largest economies.
Deutsche Bank CEO prepares investment bank cuts as shares hit low
Deutsche Bank’s chief executive said on Thursday that he was ready to make “tough cutbacks” to its investment bank, whose future is in doubt after several failed restructurings.
Malaysian police raid Deloitte office for 1MDB-related documents: sources
Malaysian police raided the Kuala Lumpur office of audit firm Deloitte on Thursday as part of a widening probe into a multibillion-dollar scandal at state fund 1MDB, two police sources told Reuters.
Deutsche Bank CEO ready for ‘tough cutbacks’ at investment bank
Deutsche Bank’s chief executive on Thursday said that he was ready to make “tough cutbacks” to the lender’s investment bank.
