Veteran bond manager Bill Gross to retire from Janus Henderson
Janus Henderson said on Monday that veteran bond manager Bill Gross, who co-founded PIMCO in 1971, will retire and has decided to focus on managing his personal assets and charitable foundation.
UK promised Nissan 80 million pounds of support for 2016 car investment: FT
Britain promised about 80 million pounds ($104 million) in support to Nissan in 2016 as part of a major investment by the Japanese carmaker in its British car plant just four months after the Brexit vote, the Financial Times reported on Monday.
Tesla to buy battery tech maker Maxwell Technologies for $218 million
Tesla Inc has agreed to buy energy storage company Maxwell Technologies Inc for $218 million in an all-stock deal that could help the electric car maker produce batteries that hold more energy and last longer at a time when it needs to cut costs and fa…
Two Huawei staff expelled from Denmark after work permit inspection
Danish authorities have expelled two Huawei Technologies staff after an inspection at the company’s Copenhagen office showed they failed to comply with laws covering residence and work permits, police said on Monday.
Germany facing big budget hole as economy slows: finance ministry document
Germany is facing a budget shortfall of around 25 billion euros ($28.6 billion) by 2023 as an economic slowdown means tax revenues will come in below previous estimates, a Finance Ministry document obtained by Reuters showed.
Improving profitability at Deutsche Bank is biggest challenge: S&P
Standard & Poor’s left its ratings on Deutsche Bank unchanged on Monday and said profitability is the lender’s biggest challenge.
Janus Henderson says bond manager Bill Gross to retire
Janus Henderson said on Monday veteran bond manager Bill Gross, who joined the firm in late 2014, will retire and has decided to focus on managing his personal assets and charitable foundation.
Merger partners need to look closer to home to win over EU regulators
As Siemens and Alstom face EU rejection of their plan to create a European rail champion to fight foreign rivals, the lesson for other companies is to play up the domestic benefits of their merger deals and be prepared to sell assets.
DNB maintains support for Nasdaq’s bid for Oslo Bors VPS
Norwegian bank DNB, the largest owner of Oslo Bors VPS, will continue to support Nasdaq’s bid for the stock market operator even if Euronext were to raise its rival offer, a spokesman said on Monday.
World stocks muted, dollar firms on fading U.S. job’s bounce
World stocks clung to near two-month highs on Monday, with the dollar strengthening and oil prices racing to a 2019 peak, though some European bourses struggled as momentum provided by U.S. employment and manufacturing data started to fade.
