Leading investor in Britain’s Metro Bank cuts stake by nearly a third
U.S. investment firm Fidelity Management & Research, one of the biggest investors in Britain’s Metro Bank, has cut its stake in the lender by almost a third.
Wirecard sees five-year profit potential of Softbank alliance at 209-273 million euros
Wirecard sees the total five-year profit potential from its alliance with Softbank Group Corp at between 209 million euros and 273 million euros ($235-$307 million), the German payments company said on Friday.
Wall St. slips at open on protracted trade dispute worries
U.S. stocks fell at open on Friday, as investors fretted over the possibility that the trade dispute between the United States and China may persist, even as the two sides held last-minute talks to salvage a deal.
Trump says in ‘no rush’ for China trade deal, defends tariffs
U.S. President Donald Trump said on Friday he was in “absolutely no rush” to finalize a trade agreement with China as negotiators from both countries prepared to continue talks in Washington, in a sign that discussions could go past this week.
Etihad interested in re-investing in India’s Jet subject to conditions
Etihad Airways is interested in re-investing in embattled Indian carrier Jet Airways for a minority stake, subject to certain conditions, a spokesman for the Middle Eastern carrier said on Friday.
Thyssenkrupp rips up failed split plan, to list elevators in fresh revamp
Thyssenkrupp said it would embark on a fresh restructuring and list elevators, its most successful business, on Friday as regulatory opposition scuppered plans to hive off its steel division, unravelling a wider revamp.
Cevian Capital says Thyssenkrupp needs fundamentally new direction
Activist investor Cevian Capital on Friday said Thyssenkrupp urgently needed a fundamentally new direction after the company announced abandoning plans to hive off its steel business and split up the rest of the conglomerate.
Krupp Foundation: We supported Thyssenkrupp’s Tata JV plans
Alfried Krupp von Bohlen und Halbach Stiftung – Thyssenkrupp’s biggest shareholder – said it had supported the company’s management in its joint venture plans with India’s Tata Steel and the planned split up.
Foxconn’s Gou retains seat on proposed board as he bids for Taiwan’s presidency
Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company’s proposed board, a company filing showed on Friday, as he plans to run in Taiwan’s 2020 presidential election.
Danske Bank picks ex-ABN banker as CEO to rebuild trust
Danske Bank hired former ABN AMRO banker Chris Vogelzang as its new chief executive on Friday as it wrestles to limit the fallout from its involvement in one of the biggest money laundering scandals.
