Indonesia’s Garuda asks to cancel 737 MAX order it had been reconsidering before Ethiopia crash
Garuda Indonesia has asked to cancel an order for 49 Boeing Co 737 MAX 8 jets, citing a loss of passenger trust following two crashes, although it had been reconsidering the order before the latest disaster in Ethiopia last week.
Nokia shares dive on potential Alcatel-Lucent compliance issues
Finnish network equipment maker Nokia said on Friday it was looking into transactions at its former French rival Alcatel-Lucent which it acquired in 2016, after reporting possible compliance issues at the unit to U.S. authorities.
Deutsche-Commerzbank tie-up should not create big investment bank: BlackRock
The aim of a potential merger between Deutsche Bank and Commerzbank should not be to create a large investment bank because that “will not work”, a major shareholder in both banks said on Friday
Deutsche Bank CEO paid $8 million, top managers get first bonuses in 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 pay package making him one of the best paid chief executives in European banking.
German 10-year yields dive below zero to two-and-a-half-year lows as growth fears roil markets
German 10-year bond yields crashed briefly below zero while European shares and the euro fell on Friday after another set of disappointing German economic data added to fears of a global slowdown prompted by this week’s dovish turn by the U.S. Fed.
Alibaba, Tencent, car makers set up $1.5 billion China ride-hailing venture
Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.
Thomas Cook to shut 21 stores and cut jobs in shift to online
British travel company Thomas Cook plans to axe 320 jobs and close 21 stores in its UK retail network to cut costs as consumers increasingly shop online, it said on Friday.
Australia’s Myer department stores to stop selling Apple products
Australia’s largest department store operator Myer will stop selling “unprofitable” Apple Inc products as part of its drive to focus on higher-margin items, Myer Holdings said on Friday.
Australia’s Myer department stores says to stop selling Apple products
Australian department store Myer will stop selling Apple Inc products due to the sales being unprofitable, operator Myer Holdings said on Friday.
India’s SpiceJet in talks with lessors to induct aircraft
India’s SpiceJet Ltd said on Friday it was in talks with lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet.
