Solar and wind firms call the ‘Green New Deal’ too extreme
U.S. solar and wind power companies may have the most to gain from the Green New Deal, an ambitious proposal backed by several Democratic presidential candidates to end U.S. fossil fuel consumption within a decade.
ECB’s Enria says merged banking giant must have extra capital, be ‘resolvable’
A new banking giant resulting from a merger must have extra capital and a legal structure that allows authorities to wind it down if it fails, the European Central Bank’s top watchdog said on Thursday.
Volkswagen, Northvolt to join forces for battery research
Volkswagen and Swedish battery maker Northvolt and other companies as well as science labs are joining forces in battery cell research, the German carmaker said in a statement on Thursday.
U.S. whiskey exports dry up as tariffs bite
American whiskey exports slumped in the second half of 2018, taking a blow from higher duties by the country’s trading partners following President Donald Trump’s tariffs on steel and aluminum imports, an industry group said on Thursday.
Tencent warns of slower game launches after posting biggest ever profit drop
Tencent Holdings reported its sharpest ever quarterly profit decline on Thursday, hit by China’s regulatory review of new games and one-off charges, and warned of slower video game launches due to a prolonged approval process.
Indonesia’s Lion Air in early stages of long-delayed IPO: sources
Indonesia’s Lion Air has begun preliminary work on an initial public offering (IPO) that has been delayed multiple times over the past five years, sources familiar with the matter said.
Tencent says non-gaming business revenue contribution to rise
Tencent Holdings, Asia’s second-most valuable listed firm, said on Thursday its revenue mix will diversify further, with the contribution from the company’s non-gaming business increasing.
Global stocks wilt as Fed shift sparks stampede into bonds
European shares wilted and there was a stampede into bonds on Thursday, after the U.S. Federal Reserve’s abandonment of all plans to raise rates this year left traders wondering what might be lurking in the shadows.
Deutsche Bank CEO sees strong case for merger with Commerzbank: source
Christian Sewing, the chief executive of Deutsche Bank, believes there is a strong case for a merger with rival Commerzbank, according to a person with direct knowledge of his thinking.
Tencent fourth-quarter profit drops 32 percent, steepest quarterly fall ever
Tencent Holdings said on Thursday net profit for the quarter ended December fell a sharper-than-expected 32 percent, the most on record for a quarter, as a regulatory review weighed on its gaming business.
