Thyssenkrupp’s top shareholder appoints ex-Volkswagen chief Pischetsrieder
Thyssenkrupp’s top shareholder, The Alfried Krupp von Bohlen and Halbach Foundation, has appointed former car executive Bernd Pischetsrieder as a member of its board of trustees, it said on Wednesday.
World stocks sideswiped by Wall Street, U.S. yield curve double whammy
Global stocks tumbled to one-week lows on Wednesday, as declines by long-dated U.S. bond yields and a renewal of trade concerns stoked fears of a downturn in the United States, the world’s largest economy.
Thomas Cook shares climb 45 percent but bonds hit record low
Thomas Cook’s shares climbed 45 percent on hopes that it would not need to issue new equity, although its bond prices extended their losses to record lows on Wednesday, amid deepening worries about the UK travel group’s debt.
Lower drug sales potential at Bayer underscores need for deals
Germany’s Bayer , which acquired seed company Monsanto this year, reduced its combined sales estimate for its most promising experimental drugs, acknowledging it needs to do more to replenish the development pipeline.
Danske investors bank on Maersk clan to chart course through crisis
Danske Bank’s top investors are looking to Denmark’s Maersk family to steer the country’s largest lender through the turmoil of a 200 billion euro ($227 billion) money laundering scandal.
Saudi energy minister meets U.S. Iran envoy in Vienna ahead of OPEC
Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday, sources familiar with the meeting said.
BT to strip China’s Huawei from core networks, limit 5G access
Britain’s BT Group said on Wednesday it was removing Huawei Technologies’ equipment from the core of its existing 3G and 4G mobile operations and would not use the Chinese company in central parts of the next network.
Hyundai, South Korea talks on low-cost carmaking JV hit snag
Hyundai Motor’s talks to build a low-cost carmaking factory with a local government suffered a setback on Wednesday as the South Korean automaker rejected proposed revisions to certain terms related to wage negotiations.
Berlin: German automakers’ meeting with Trump separate to U.S.-EU trade talks
Discussions between German car executives and President Donald Trump in Washington on Tuesday should be seen as separate from the trade talks between the European Union and the United States, a German government spokeswoman said on Wednesday.
German auto bosses did not discuss trade issues with Trump: VDA
Talks between German auto bosses and U.S. President Donald Trump in Washington focused on the companies’ plans for the United States and were not about trade issues, German car association VDA said on Wednesday.
