AB InBev enrolls Citi, BAML to work on $5 billion Asia IPO: sources
Anheuser-Busch InBev has enlisted Citigroup and Bank of America Merrill Lynch (BAML) to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters.
Ready when you are, EU tells U.S. on trade talks
The European Union is ready to starts talks on a trade agreement with the United States and could conclude a deal before the end of the year, European Trade Commissioner Cecilia Malmstrom said on Monday.
VW CEO says he is not being probed for fraud by German prosecutors
Volkswagen’s Chief Executive Herbert Diess said he was not among the Volkswagen executives being probed for fraud and breach of fiduciary trust after German prosecutors on Monday sought to press criminal charges against his predecessor.
Wall Street set for muted open as big bank earnings fail to impress
Wall Street was set for a subdued open on Monday after earnings from U.S. lenders Goldman Sachs and Citigroup failed to provide a boost, even as reports suggested of progress in U.S.-China trade talks.
Goldman Sachs first-quarter revenue drops across most businesses, shares off
Goldman Sachs Group Inc reported lower quarterly revenue in nearly all of its main businesses on Monday, but still beat subdued Wall Street expectations through cost cuts, while offering more details on its sweeping operational revamp.
Shareholder adviser ISS opposes free pass for UBS bosses after tax ruling
UBS shareholders should oppose discharging the board and top management of Switzerland’s biggest bank from liability after a guilty verdict in a French tax evasion case, proxy adviser Institutional Shareholder Services (ISS) said.
Citigroup profit beats on investment banking boost
Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew its investment-banking business and expanded net-interest margin.
Germany: trade talks with U.S. will not be easy, but beneficial
Trade negotiations between the European Union and the United States will not be easy, but both sides should benefit in the end, German Economy Minister Peter Altmaier said on Monday.
Best Buy CFO to replace Hubert Joly as CEO
Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s chief executive officer, the first woman to lead the consumer electronics retailer in its 53-year history.
Daimler to add new compact SUV to lineup this year: CEO
Daimler AG Chief Executive Officer Dieter Zetsche said the German automaker would add a new compact SUV to its lineup later this year.
