Deutsche Bank chief paid $8 million as top bosses gain first bonuses for four years
Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing’s 7 million euro ($8 million) total package making him one of the best paid chief executives in European banking.
Trump: China trade deal likely; automakers can avoid tariffs with U.S. plants
U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported goods for some time did not mean talks were in trouble.
Pinterest steps up planning for IPO, aims to list shares on NYSE in April: WSJ
Image-search company Pinterest Inc has sped up the timing of its initial public offering, as it looks to tap into a red-hot market for new issues, the Wall Street Journal reported, citing people familiar with the matter.
More shale, who cares? Saudi Arabia pushes for at least $70 oil
Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded.
Boeing makes safety change, Indonesian airline cancels order
Indonesian airline Garuda said on Friday it would cancel a $6 billion order for Boeing 737 MAX jets, citing concerns over passenger confidence, as Boeing tried to quell safety worries by making a previously optional cockpit warning light compulsory.
Wall St. set for weaker open as global growth concerns weigh
Wall Street’s main indexes were set to open lower on Friday after downbeat German data exacerbated fears of a slowdown in global growth following an abrupt dovish turn by the Federal Reserve earlier this week.
Tiffany holiday-quarter sales miss expectations on weak tourist spending
Tiffany & Co narrowly missed Wall Street estimates for quarterly sales on Friday, two months after the luxury retailer signaled soft demand in the holiday season because of low spending by Chinese tourists and weakness in Europe and at home.
Trump: China trade deal likely; carmakers can avoid tariffs with U.S. plants
U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported good for some time did not mean talks were in trouble.
Norwegian Air says its Boeing MAX fleet doesn’t have cockpit warning light
Norwegian Air’s fleet of 18 Boeing 737 MAX 8 aircraft is not equipped with a cockpit light warning of discrepancies between angle of attack sensors, the company said on Friday.
German 10-year bond yields crash below zero as growth fears roil markets
German 10-year bond yields dived below zero while European shares and the euro fell on Friday after grim data from the continent fuelled fears of a global economic slowdown following this week’s dovish turn by the U.S. Federal Reserve.
