Carrefour eyes 1,229 job cuts in French hypermarkets: union
Carrefour plans to cut 1,229 jobs as it downsizes its large hypermarket stores in France under a plan to boost sales and profits at Europe’s largest retailer, the Force Ouvriere union told Reuters.
Japan curbs on Chinese telecom firms could hurt ties, says China
Japan’s decision to curb government purchases from Chinese telecoms equipment makers Huawei Technologies and ZTE Corp could hurt bilateral ties if Tokyo’s actions are deemed unfair, China’s commerce ministry said on Thursday.
Mnuchin says U.S. eyes productive trade meetings in China
U.S. Treasury Secretary Steven Mnuchin said on Thursday he and U.S. Trade Representative Robert Lighthizer looked forward to “productive meetings” as they arrived in Beijing leading a delegation for trade talks with China.
EU watchdog fines Fitch record 5.13 million euros
The European Union’s markets watchdog has fined credit rating agency Fitch a record 5.13 million euros ($5.78 million) for breaching rules aimed at avoiding conflicts of interest.
Daimler to develop Smart brand together with Geely
Daimler will build its next generation of Smart electric cars in China through a joint venture with Geely, as a way to increase economies of scale in a market segment that is struggling to turn a profit.
China says vice premier will hold trade talks tonight with senior U.S. officials
China’s commerce ministry said on Thursday that Vice Premier Liu He will hold trade talks later tonight with U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.
Volkswagen not interested in any tie-up with Fiat Chrysler: CEO to Il Sole
Volkswagen is not interested in a tie-up with rival Fiat Chrysler as the German carmaker’s efforts were all focused internally, Chief Executive Herbert Diess told Il Sole 24 Ore and other two newspapers.
Asiana Airlines CEO Park quits after accounting fiasco, shares soar
Asiana Airlines’ chief executive Park Sam-koo has stepped down from the post to take responsibility for the fiasco over its 2018 financial statements, its parent Kumho Asiana Group said on Thursday.
Compliance officers wary of switch to ‘Wild West’ crypto sector
After almost three decades in senior compliance roles at large financial firms including Bank of New York Mellon’s Pershing and Goldman Sachs Group Inc, Jeff Horowitz made an unconventional career move.
PG&E creditors propose $35 billion exit plan: Bloomberg
Some creditors of PG&E Corp, including Elliott Management Corp and Pacific Investment Management Co (Pimco), are proposing a $35 billion plan for the California power utility to exit bankruptcy within a year, Bloomberg reported late on Wednesday.
