Unilever CEO change not connected to HQ climbdown: chairman
The replacement of Unilever’s CEO Paul Polman was not connected to a shareholder row earlier this year over a proposed move of the headquarters of the Anglo-Dutch consumer goods company from Britain to the Netherlands, said the group’s chairman.
Oil falls, heading for biggest monthly slide since 2008
Oil fell on Thursday, bringing losses for the month so far to 23 percent, marking its largest one-month fall since the depths of the financial crisis in 2008.
Ad buyers skeptical as Snap looks beyond teens for growth
Snap Inc has pinned its hopes on the over-35 crowd to revive user growth for its photo messaging app, a shift ad buyers said could backfire.
Renault-Nissan in first crisis meeting since Ghosn arrest
Renault and Nissan “emphatically reiterated” their commitment to one another on Thursday as executives gathered for talks likely to address the future of the alliance, rocked by the arrest of Chairman Carlos Ghosn.
Deutsche searched in money laundering probe over Panama Papers
Around 170 police officers, prosecutors and tax inspectors searched six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations, the Frankfurt public prosecutor’s office said in a statement.
South Korea indicts group for leaking Samsung display tech to Chinese firm
South Korean prosecutors on Thursday said they have indicted nine people on suspicion of leaking Samsung Electronics Co Ltd flexible display technology to a Chinese company.
Deutsche Bank offices searched in money laundering probe
Roughly 170 criminal police officers, prosecutors and tax inspectors on Thursday searched six Deutsche Bank offices in and around Frankfurt on money laundering allegations, the Frankfurt public prosecutor’s office said in a statement.
Volvo Cars has no current plans for stockmarket listing: CEO
Volvo Cars, owned by China’s Geely, has no current plans to go for a stockmarket listing, its chief executive said, more than two months after the Swedish carmaker postponed its flotation blaming trade tensions and an automotive stocks downturn.
World stocks and bonds rise as market prices in more dovish Fed
A more dovish tone from Fed Chairman Jerome Powell helped to revive risk appetite on Thursday, driving world stocks to their highest in more than two weeks, as European equities joined a global rally and core bond yields fell.
Ford Europe boss says no deal Brexit would be a ‘catastrophe’
U.S. carmaker Ford , Britain’s biggest automotive engine builder, warned that a no-deal Brexit would be a “catastrophe” and that the agreement between London and Brussels should be approved.
