Deutsche Bank chairman signals cuts are in store as AGM starts
Deutsche Bank Chairman Paul Achleitner on Thursday signaled cuts are in store at Germany’s largest lender and that the chief executive would soon elaborate on the topic at the bank’s annual general meeting.
China says U.S. needs to correct wrong actions to continue trade talks
The United States needs to correct its wrong actions if it wants to continue negotiations with China to end a damaging tariff war, China’s Commerce Ministry said on Thursday, adding that talks should be based on mutual respect.
China says lodged solemn representations with U.S. over Huawei
China said on Thursday it had lodged solemn representations with the United States after it escalated a trade war between the two countries by placing Chinese telecoms equipment maker Huawei Technologies Co Ltd on a blacklist for U.S. suppliers.
Asia shares slump to four-month low on risk of interminable trade war
Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world’s two largest economies.
Exclusive: Chile’s Codelco set for copper output hit as key mine goes underground
Codelco’s giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world’s top copper miner as it scrambles to maintain output.
ARM supply halt deals fresh blow to Chinese tech giant Huawei
British chip designer ARM halted relations with Huawei to comply with a U.S. blockade of the company, potentially crippling the Chinese telecom company’s ability to make new chips for its future smartphones.
Nestle and Fonterra mull sale of dairy joint venture in Brazil
Swiss food group Nestle SA and New Zealand’s dairy producer Fonterra Co-operative Group said they would review strategic options for their Dairy Partners Americas (DPA) joint venture in Brazil, which could include a potential sale.
Novartis has 25 blockbusters in the pipeline: CEO
Novartis has 25 potential blockbuster treatments in development, the company said ahead of a management event in the United States on Thursday.
Deutsche Bank investors meet amid questions on strategy, leadership
Investors in Deutsche Bank are gathering on Thursday for an annual meeting that is expected to be dominated by questions over the bank’s strategy and leadership just days after shares hit a record low.
Rihanna launches new fashion brand in Paris with LVMH
Barbadian singer Rihanna has unveiled her new fashion brand with Louis Vuitton owner LVMH, a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world.
