German economy minister says EEA seeks Belt and Road MOU as a group
The European Economic Area wants to sign a memorandum of understanding on China’s Belt and Road initiative as a whole and not as individual states, German Economy Minister Peter Altmaier said on Friday.
Glencore stock weakens as U.S. probes ‘corrupt practices’
Glencore Plc shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.
Bayer shareholders vent ire over Monsanto-linked stock rout
Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto.
Britain ‘committed to helping China realise Belt and Road’
Britain is committed to help realize the potential of China’s Belt and Road Initiative (BRI), British finance minister Philip Hammond said on Friday.
Daimler first-quarter hurt by production delays at Mercedes, China slowdown
Daimler’s first-quarter operating profit fell 16 percent on Friday as a 718 million euro ($800 million) one-off gain failed to offset costs from a production delay for its Mercedes-Benz GLE and higher raw material costs.
Renault to propose joint holding company with Nissan: Nikkei
Renault will propose a plan to create a joint holding company that would give the French carmaker and Japanese partner Nissan equal footing, the Nikkei newspaper reported on Friday.
Asia shares set for weekly loss, dollar perky on GDP hopes
Asian shares were headed for their biggest weekly loss in more than a month on Friday, while the dollar held around two-year highs on speculation that U.S. data later in the day will show its economy is outperforming the rest of the developed world.
IMF’s Lagarde says China’s Belt and Road should only go where sustainable
China’s massive Belt and Road infrastructure program should only go where it is needed and where the debt it generates can be sustained, International Monetary Fund Managing Director Christine Lagarde said on Friday.
Client losses hit ad group WPP in North America
The world’s biggest advertising company WPP reported an 8.5 percent slump in first-quarter underlying sales in North America, its biggest market, due to the loss of clients.
World Bank’s new president skips China’s Belt and Road for Africa trip
Nearly 40 world leaders and scores of finance officials, including International Monetary Fund Managing Director Christine Lagarde, are gathered in Beijing for China’s second Belt and Road infrastructure summit, but the World Bank’s new president is no…
