Nestle makeover advances with $10 billion sale of skin health unit
Nestle has entered exclusive talks to sell its skin health business to a consortium led by EQT Partners for 10.2 billion Swiss francs ($10.1 billion), as the food group shifts its portfolio in response to changing consumer demands.
Wells Fargo and Barclays back fintech company OpenFin
Financial services software startup OpenFin has raised $17 million in a funding round led by Wells Fargo & Co with participation from Barclays, the company said on Thursday.
EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging
Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.
Walmart says higher tariffs on China goods will increase prices for U.S. shoppers
Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on imports from China as the world’s largest retailer reported its best comparable sales growth for the first quarter in nine years.
EU fines five banks $1.2 billion for foreign exchange rigging
Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market.
Japanese bank MUFG rethinks policy on coal-fired power projects
Japan’s Mitsubishi UFJ Financial Group will no longer provide financing for new coal-fired power generation projects after July 1, it said on Wednesday in a revised environmental and social policy framework.
European shares recover, but trade worries mount
European stocks rose half a percent to the day’s highs on Thursday, erasing earlier losses, while the euro gained in volatile trade as the threat of auto tariffs were pushed back.
Futures rise after upbeat Cisco, Walmart earnings
U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China after Washington blacklisted telecom equipment giant Huawei.
New head of UK’s BT telecoms gives each worker 500 pounds worth of shares
The new chief executive of Britain’s BT Group said he would award each employee 500 pounds ($641) worth of shares, at a total cost of 50 million pounds, to create a more engaged workforce and improve customer service levels at the telecoms giant.
Austrian prosecutors see little basis for case against Airbus: report
Vienna prosecutors believe there is little basis for an investigation into a decade-old $2 billion Eurofighter jet purchase by Austria, two media reported on Thursday, citing an internal report.
