Deutsche Bank sees merger with rival Commerzbank by mid-year if all else fails: Bloomberg
Deutsche Bank is expecting a government-brokered merger with rival Commerzbank by mid-year if efforts to restructure the lender fall short of targets, Bloomberg reported on Thursday.
South Korea to combine world’s two biggest shipbuilders in $2 billion deal
Hyundai Heavy Industries, the world’s biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.
South Korea’s KDB signs conditional deal with Hyundai Heavy over Daewoo stake sale
Korea Development Bank, the biggest shareholder of Daewoo Shipbuilding and Marine Engineering Co Ltd, on Thursday said it has signed a conditional deal with Hyundai Heavy Industries Group to sell Daewoo shares.
Nokia sees bumpy 2019 growth due to timing of 5G rollouts, shares fall
Nokia warned of a soft start to 2019 before a better second half for its fifth-generation (5G) mobile network technology, sending its shares sharply lower on Thursday.
H&M shares slip as warehouse investment knocks profits
Fashion retailer H&M reported an unexpected fall in quarterly pretax profit on Thursday as it invested in new warehouses to try to capture a bigger share of the fast-growing online market.
Exclusive: PetroChina to drop PDVSA as partner in refinery project – sources
PetroChina Co plans to drop Petroleos de Venezuela SA (PDVSA) as a partner in a planned $10 billion oil refinery and petrochemical project in southern China, said three sources familiar with the matter this week.
South Korean city OKs revised plan for low-wage carmaking JV with Hyundai
A South Korean city council on Wednesday green lit a revised plan for a low-wage automaking joint venture with Hyundai Motor, setting the stage for the construction of the car maker’s first factory at home in more than two decades.
Ousted car boss Ghosn says he is facing ‘army against him’: Les Echos/AFP
Car industry businessman Carlos Ghosn is having to battle an army that is against him, Ghosn told Les Echos business newspaper and Agence France Presse in an interview published on Thursday, as he remains in custody in a Japanese prison.
Shell vows spending discipline even as 2018 profits soar
Royal Dutch Shell vowed to stick to spending discipline this year even as 2018 profits jumped by more than a third to their highest since 2014 at $21.4 billion.
U.S., China take the lead in race for artificial intelligence: U.N.
China and the United States are ahead of the global competition to dominate artificial intelligence (AI), according to a study by the U.N. World Intellectual Property Organization (WIPO) published on Thursday.
