BlackRock’s profit rises 29 percent on demand for low risk funds
BlackRock Inc reported a 28.8 percent rise in profit on Tuesday, helped by higher demand for its low risk funds in a quarter marked by heightened trade tensions between Beijing and Washington.
Unilever executive defends executive pay policy
A Unilever executive defended the company’s executive pay policy on Tuesday, but said the consumer goods company learned lessons from the substantial opposition the policy garnered earlier this year.
Standard Chartered sees increased China-Africa trade due to U.S. trade war
China is likely to boost imports from African countries as it seeks new sources of commodities in the wake of a trade war with the United States, a senior executive of Standard Chartered Bank [STANB.UL] in China said.
Daimler, BMW offer concessions to ease EU concerns on car-sharing deal
German luxury carmakers Daimler and BMW have offered concessions to address EU antitrust concerns about their plan to combine their car-sharing businesses, the European Commission said on Tuesday.
Credit Suisse CEO will not attend Saudi investment conference: source
The chief executive of Swiss bank Credit Suisse will not attend a Saudi investment conference this month, a source familiar with the situation told Reuters on Tuesday.
German prosecutors fine Audi 800 million euros for diesel violations
German premium car brand Audi, a division of Volkswagen , said it was fined 800 million euros ($927 million) on Tuesday for violations tied to heavily polluting six- and eight-cylinder diesel engines.
Degree of calm returns to stock markets; Italy helps out
World stocks nudged higher on Tuesday, as focus turned to earnings season and a rebound in Italian assets helped battered equities find firmer ground for now.
Iran says Trump cannot bring oil prices down by ‘bullying’
U.S. President Donald Trump cannot bring oil prices down by “bullying” other nations, Iran’s oil minister said on Tuesday, adding that the market was suffering from short supply.
Volvo warns some vehicle engines may exceed emission limits
Sweden’s Volvo warned on Tuesday that some of its truck and bus engines could be exceeding limits for nitrogen oxide emissions as an emissions control component it uses was degrading more quickly than expected, sending its shares lower.
German carmakers have 50 percent chance of staying ahead, VW says
Germany’s carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform to meet new regulations and adapt their supply chains, Volkswagen Chief Executive Herbert Diess said on Tuesday.
