Jet Airways’ survival may rest on founder Goyal leaving the cockpit
Jet Airways Ltd’s 69-year-old founder Naresh Goyal, who started out as an assistant in a travel agency, wove together charm, persistence and consummate dealmaking to build India’s biggest full-service carrier.
World stocks tumble on weak economic data from China and Europe
Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-U.S. trade dispute.
Exclusive: India’s Motherson Sumi in early-stage merger talks with Leoni – sources
Indian car wiring maker Motherson Sumi Systems Ltd is in early talks with German peer Leoni AG over a possible merger of the pair, two people close to the matter said.
Barclays promotes 85 in investment bank to managing director
Barclays has promoted 85 executives in the international division that houses its investment bank to the rank of managing director, the British lender said on Friday.
Exclusive: China Development Bank supervising HNA asset sales – sources
China Development Bank (CDB) is leading a team to supervise HNA Group’s asset disposals as the heavily indebted conglomerate scales back operations to a point that will leave it holding only core assets, people familiar with the situation said.
Thyssenkrupp appoints Walker as new boss of elevator unit
Industrials conglomerate Thyssenkrupp on Friday appointed Peter Walker as the new chief executive of its prized elevators unit, the group said.
LVMH to buy Belmond luxury hotel group for $3.2 billion
French luxury goods group Louis Vuitton Moet Hennessy has agreed to buy luxury hotel group Belmond in a deal valuing the company at $3.2 billion.
Airbus names Mhun as next programs chief
Airbus on Friday named services boss Philippe Mhun as its next head of programs, succeeding defense and commercial aerospace veteran Didier Evrard, who is scheduled to retire.
Thyssenkrupp proposes former Bayer finance chief as CFO
Thyssenkrupp said on Friday it would propose former Bayer finance chief Johannes Dietsch as its chief financial officer, continuing to fill numerous vacant jobs that have been left unfilled following months of crisis.
Nissan files claim against Ghosn’s sister in Brazil court
Nissan Motor Co has filed a court claim against Carlos Ghosn’s sister that references alleged “unjust enrichment”, escalating a battle being waged in Brazilian courts between the car maker and its once-celebrated former chairman.
